UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): March 31, 2005
MCKENZIE BAY INTERNATIONAL, LTD.
(EXACT NAME OF REGISTRANT AS
SPECIFIED IN ITS CHARTER)
DELAWARE 000-49690
(STATE OR OTHER JURISDICTION OF INCORPORATION) (COMMISSION FILE NUMBER)
51-0386871
(IRS EMPLOYER IDENTIFICATION NO.)
975 SPAULDING
ADA, MICHIGAN
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
49301
(ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER,
INCLUDING AREA CODE: (616) 940-3800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
McKenzie Bay International, Ltd. (the "Company") issued a press release, dated
March 30, 2005 entitled-"MCKENZIE BAY APPLAUDS VOLUNTARY MICHIGAN NET METERING
PROGRAM, DECISION BENEFITS WIND POWER CUSTOMERS AND THE ENVIRONMENT";
subtitle-"Wind Turbine Customers Will Be Able To Reduce Fossil Fuel Consumption"
The press release is in its entirety below:
MCKENZIE BAY APPLAUDS VOLUNTARY MICHIGAN NET METERING PROGRAM, DECISION BENEFITS
WIND POWER CUSTOMERS AND THE ENVIRONMENT
Wind Turbine Customers Will Be Able To Reduce Fossil Fuel Consumption
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--March 30, 2005-- McKenzie Bay
International Ltd. (OTCBB:MKBY - News) today issued a public statement
applauding the voluntary statewide net metering program approved yesterday by
the Michigan Public Service Commission (PSC).
The net metering initiative is the result of a consensus agreement signed by 11
utilities serving customers in Michigan. As a result of the decision, Michigan
customers will be able to generate renewable energy for on-site use with
McKenzie Bay's next-generation WindStor(SM) wind power system. The decision also
empowers Michigan customers to further maximize savings by transmitting excess
power into the public grid. In exchange for the power generated by the customer,
the utility will issue a credit to that customer commensurate with the power
metered.
"This program will encourage the development of on-site renewable energy sources
such as WindStor(SM). It will also take some pressure off the electrical grid
and allow residential and small business customers to utilize green energy in a
meaningful way while reducing their power costs," said McKenzie Bay President,
Gary L. Westerholm.
According to Michigan PSC Chairman, J. Peter Lark, "Every kilowatt of
electricity generated by renewable energy is a kilowatt that does not produce
harmful emissions."
Michigan-based McKenzie Bay subsidiary WindStor Power Co is the owner and
developer of WindStor(SM), a wind energy system designed to integrate
distributed generation wind power installed on or near a building with grid
power. WindStor(SM) will feature WindStor Wind Turbines, a proprietary system
integrator and, if applicable, a battery. www.mckenziebay.com
This information statement contains statements that are forward-looking
statements. In some cases, you can identify forward-looking statements by
terminology such as 'estimates,' 'anticipates,' 'plans,' 'believes,' 'projects,'
'expects,' 'intends,' 'predicts,' 'future,' 'may,' 'potential,' 'contemplates,'
'will,' 'should,' 'could,' 'would' or the negative of such terms or other
comparable terminology. These statements relate to the Company's future
operations and financial performance or other future events. These statements
are only predictions and not guarantees of future success. Many of the forward-
looking statements are based on assumptions about future events that may prove
inaccurate. Actual events, results, performance or achievements may differ
materially from the events, results, performance or achievements discussed in
the forward-looking statements. These differences may result from a variety of
factors, including the following: lack of operating history; unavailability of
future equity infusions and other financing alternatives; failure or delays in
further developing proprietary processes or effectively commercializing such
processes; dependence on the success of entering the energy production market;
and concentration of ownership of the Company's common stock by directors and
officers. These and other factors that may emerge could cause decisions to
differ materially from current expectations. McKenzie Bay undertakes no
obligation to revise, update or clarify forward-looking statements to reflect
events or conditions after the date of this information statement.
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Contact:
McKenzie Bay International Ltd.
Richard Kaiser, 800-631-8127
rich@yesinternational.com
- ---------------------------------------------------------
Source: McKenzie Bay International Ltd.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
MCKENZIE BAY INTERNATIONAL, LTD.
Date: March 31, 2005
/s/Gary L. Westerholm
_____________________
Gary L. Westerholm
President, Chief Executive
Officer and Director
(Principal Executive Officer)