International Corporation Announces Planned Share Buyback Program

PR Newswire

TEL-AVIV, Israel, April 14, 2015

TEL-AVIV, Israel, April 14, 2015 /PRNewswire/ --

Blackbird International Corporation (OTCBB: BBRD), a global leader in renewable sea wave energy technology (WERPO), is pleased to announce that it will initiate a planned share buyback program of its common stock from the open market up to 7 million shares.

Mr. Shmuel Ovadia, Director and inventor of BBRD's technology stated: "We believe the common shares of BBRD are very valuable and this share buyback program will not only strengthen the company's capital structure, but ultimately increase the value of the shares to our loyal shareholders. This repurchase program demonstrates our commitment to building long-term shareholder value and further shows our confidence in the growth potential of WERPO. Given the strong demand for WERPO's technology and the expansion of our brand, we see tremendous opportunities ahead."

The share repurchases will be made from time to time over the next 6 months at the Company's discretion. The repurchase program may be suspended or discontinued at any time.

About Blackbird International Corporation:

Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).

About WERPO sea wave energy technology (BBRD):

WERPO, having received the rights for all of SDE Ltd.'s technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution around the world.

WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as number one in its field by an independent team of scientists from PesWiki and also as one of the top 100 renewable energies.

The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established 11 joint ventures with local partners in 9 different countries including a second project in China.