Construction is complete for the initial phases of development of Here Enterprises’ Cycle Ranch wind project, including turbine installation and build-out. The Company has filed a Customer-Owned Distributed Generation Renewable Energy Service Application with the local utility, Floresville Electric. Approval of the application will enable the new wind facility to link to the grid for power generation and sale. The Company is now proceeding with the installation and testing of electrical systems. The Company expects to bring the facility online this year, enabling the independent production and trade of sustainable wind energy.
Here Enterprises’ wholly owned Cycle Ranch Motocross Park subsidiary is located on the Floresville property. With a reputation as one of the five best motocross tracks in the nation, the 108 acre property features red dirt, oak trees and a growing motocross speedway that brings in competitors and spectators each week. Cycle Ranch also provides ample acreage and exposure for wind and solar energy generation.
Here Enterprises has completed extensive renovations at Cycle Ranch to increase sales, attendance and signature racing events. Renovations include upgraded equipment, property improvements and expanded facilities including sites for recreational vehicle (RV) camping. The Company has, upgraded office equipment and systems, purchased new maintenance equipment, and completed landscaping and facilities renovation projects. The Company also built a new GP/Vet Track to host additional races and practice sessions
Following last month’s successful American Motorcyclist Association (AMA) Loretta Lynn Area Qualifier race, the Cycle Ranch commercial speedway has entered a full season of track summer racing events. Cycle Ranch was featured in an episode of The History Channel’s hit series Top Gear which was filmed in April. Cycle Ranch has also been tapped to host the nationally televised finale of the 2011 TRAXXAS TORC Series Off-Road Championship, the nation’s premier competition short course off-road racing series.
Last month Here Enterprises announced the appointment of Mr. George Russell as the Company’s Chief Financial Officer. Mr. Russell is leveraging extensive business development, investment and financial planning expertise to drive growth and expansion.
In addition, Here Enterprises has joined the Texas Renewable Energy Industries Association (TREIA) to support the development of clean energy and gain access to new partnership and sales opportunities.
Mark Ryun, CEO of Here Enterprises, commented: "2011 has been an exciting year of growth and expansion for Here Enterprises, exceeding even our own expectations. From the development of our first wind farm to the expansion of the raceway, marquee accredited races bringing national television exposure, and our proposed solar venture, we are achieving significant milestones with more to come."
Here Enterprises is a developer of wind power, our nation’s fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.