$WPNV Mr. Myers has agreed to reduce his salary fo

$WPNV Mr. Myers has agreed to reduce his salary for the next 12 months. In addition, the Company has converted some short term obligations to equity.

Mr. Myers agreed to a fixed salary for the next 12 months of only $1.00 for the year as the Company's Chief Executive Officer. For his role as the President of the subsidiary WindPower Solutions he will be paid 7% of the revenue generated from the sale of that subsidiary's products as those sales are generated and collected.

In connection with this salary change Mr. Myers and the Corporate Secretary agreed to convert the previous compensation owed to them by the Company (deferred compensation) to corporate stock at a price of $1.00 per share. This means that the Company has converted $360,000.00 of debt to 360,000 shares of newly issued restricted common stock.

John Myers, CEO of WindPower Innovations, commented, "I believe in this Company and where we are heading and I felt that there was no better way for me to show my confidence than by being rewarded when my shareholders are rewarded from the increase in the value of our stock or when new revenue is generated."