Dakshidin Increases Its Ownership Interest in HKS (Wuhu) Environment Energy Development Ltd. for $2.5 Million US
LAS VEGAS, NV, Jul 21, 2008 (MARKET WIRE via COMTEX) -- Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ), producers of the world's most powerful water pumping windmill, is pleased to announce that it has entered into an agreement with Huasheng Financial Management Group (hereinafter referred to as HSFM) to increase its share ownership to 60% of HKS (Wuhu) Environment Energy Development Ltd., which will own 100 acres of prime industrial manufacturing facilities.

The HKS (Wuhu) Green Village Project is a Joint Venture partnership between DKSC and HSFM, with a total investment of $7.5 million US. The project is located in Wuhu City in the province of Anhui, China. The Wuhu Green Village manufacturing facilities project occupies 100 acres of prime industrial land; the JV Company HKS (Wuhu) is proposing to build three modular 20,000 square feet manufacturing plant facilities initially and on site Green Village accommodations for workers. One of the plant facilities will manufacture the RESTEC Mark 10 water pumping windmills & other RESTEC products to the end users in China and overseas markets. The other two plant facilities will manufacture LED street lighting and water purification systems.

In exchange for the additional ownership purchase of the joint venture from HSFM, DKSC will issue shares equivalent to the cash investment amount of $2.5 million US at ten cents per share. On completion of the exchange agreement, Dakshidin will become the majority shareholder of the joint venture, which will greatly enhance the asset structure of the Company and provide a solid platform for the booming Chinese market.

About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., produces the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill is a renewable, cost-effective and environmentally friendly solutions for the world's water crisis.

Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

For Investor Relations Contact:
Mr. Brent O'Connor
[email protected]
1-888-250-6601

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