Wallace, Id. - January 12, 2011 (Investorideas.com energy newswire) - Superior Silver Mines, Inc. (OTCBB:SSVM) (the "Company") communicated to their shareholders of record in a letter that stated:
Dear Shareholders of Superior Silver Mines, Inc.:
Recently, Superior Silver Mines, Inc. ("SSVM.OB") completed what is commonly called a "Reverse Merger" with Clean Wind Energy, Inc. The shareholders of Clean Wind Energy, Inc. received 300MM shares of SSVM and the two companies are now one in the same.
We are in the process of changing the name of our Company from Superior Silver Mines to Clean Wind Energy. Likewise we will be applying to change our trading symbol to one which more clearly associates itself with the new name.
In conjunction with the merger we have filed an 8-K report with the SEC describing the transaction. I encourage you to review this filing as it will provide much information about your new Company.
Until the new symbol is issued and the name change is complete, your shares will continue to trade under SSVM. Although there is a limited market for the shares, we will be making an effort to recruit more market makers and spread the story of our new renewable clean energy company.
Ronald W. Pickett, CEO
Clean Wind Energy, Inc.
About Superior Silver Mines
On December 29, 2010 - Superior Silver Mines, Inc. announced it had completed a reverse merger transaction with Clean Wind Energy, Inc., which plans to design, 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. The Company will continue to be traded on the OTCBB under the symbol SSVM.
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. was established to commercialize a number of proven and validated technologies and construction systems into a single large downdraft tower structure that uses 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, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. 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.
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 filed on December 30, 2010, 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.