Losses Ebb for Wind Power Company

December 12, 2002 [SolarAccess.com] Mass Megawatts Wind Power, Inc. reported a three cents per share net loss in the most recent quarter in comparison to five cents per share in the same quarter a year ago. In the last six months, the losses were declining due to a continued decrease in prototype development. Although no assurance can be given for sales contracts, the company has recently received a letter of intent for a first material source of revenue for purchasing its nontraditional Multiaxis Turbosystems.

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