WALLACE, ID--(Marketwire - 01/21/11) - Superior Silver Mines, Inc. (OTC.BB:SSVM - News) (the "Company") changed its name to "Clean Wind Energy Tower, Inc." In addition, effective January 24, 2011, the Company's quotation symbol on the Over-the-Counter Bulletin Board will be changed from (OTC.BB:SSVM - News) to (OTC.BB:CWET - News).On December 29, 2010 -- Superior Silver Mines, Inc. announced it had completed a reverse merger transaction with Clean Wind Energy, Inc., which is designing and plans to develop and construct large downdraft towers to generate electricity and clean water economically. Clean Wind Energy, Inc. became a wholly-owned subsidiary of the Company. As a result, the business operations of Clean Wind Energy, Inc. will comprise the Company's principal business operations going forward.About Clean Wind Energy, Inc.
Clean Wind Energy, Inc., a wholly owned subsidiary of Clean Wind Energy Tower, Inc. (OTC.BB:CWET - News), was established to commercialize a number of proven and validated technologies and construction systems into a single large downdraft tower structure that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies. In addition to constructing Downdraft Towers in the United States and abroad, Clean Wind Energy, Inc. has assembled a world class team of experienced business professionals, engineers and scientists with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market.Clean Wind has filed several patents that the Company believes will further enhance this potentially revolutionary technology. The Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity.Forward-Looking Statements
Statements about the Company's future expectations, including its plans to design, develop and construct large downdraft towers that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies, its intent to be prepared to establish partnerships - at home and abroad - to propagate these systems and meet increasing global demand for clean water and electricity, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. These risks and uncertainties include that it is an early stage company and has not yet commenced with the sale of its products, it has a history of losses, its strategies for development of the business might not be successful, it expects to rely upon strategic relationships in order to execute its business plan and it may not be able to consummate the strategic relationships necessary to execute its business plan, project development or construction activities may not be successful and proposed projects may not receive required permits or construction may not proceed as planned, potential future financings could involve a dilution of the interests of the stockholders of the Company upon the issuance of additional shares of Common Stock and/or other securities, its business is subject to significant government regulation and, as a result, changes to such regulations may adversely affect its business, its ability to successfully integrate the businesses of acquired companies, competitive and economic influences, as well as certain other risks. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 8-K to be filed no later than January 5, 2011, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway Suite 300
Annapolis, Maryland 21401