April 3, 2010 (FinancialWire) — Nacel Energy Corp. (OTCBB: NCEN) (Frankfurt: 4FC) announced the signing of a definitive agreement with JMJ Financial of San Diego, CA, providing for an aggregate $4.3 million in capital funding to the company over a period of years, in support of the continued development of the company's various wind energy projects located in Texas and Arizona, and other corporate requirements.

On March 25, 2010, the company executed and delivered, pursuant to a private placement, a $300,000 convertible Promissory Note in exchange for the investor's execution and delivery of a $300,000 Secured & Collateralized Promissory Note to the company. This is the first of a series of transactions between the company and the investor which may occur over the next several years, and which, if fully funded, could provide the company with funding aggregating up to $4.3 million.

The company cautions there are no assurances that any further transactions will occur, or if further transactions do occur, the number which may occur is uncertain and dependent on numerous factors including, without limitation, the company's progress in developing its wind power generation projects, its financial condition, the strength and volatility of the company's common stock and other such factors.

Nacel Energy is one of the first publicly traded companies in America exclusively developing clean, renewable, utility scale wind power.

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