Exhibit 99.03 - Press Release - February 13, 2002


WIND TURBINE TECHNOLOGY COMPANY PURCHASED BY MCKENZIE BAY

BRIGHTON, MICHIGAN and MONTREAL, QUEBEC, FEBRUARY 13, 2002 -- McKenzie Bay
International Ltd, "MKBY" [otc] has completed the purchase of Dermond inc, a
Quebec company developing a Vertical Axis Wind Turbine technology. Dermond is
the first acquisition made by MKBY as part of its Electricity Management Systems
"EMS" strategy.

Several significant (patents pending) Vertical Axis Wind Turbine improvements
have been developed by Dermond engineers to blade systems, generator driving and
self-erecting systems.

A major advantage of a Dermond Vertical Axis Wind Turbine "DWT" is that the
blades are made in uniform cross section to overall length using a rotating wing
technology as opposed to a propeller technology. Blades are strongly attached at
both ends and do not require a nacelle to enclose the mechanical devices on top
of the tower.

A DWT has a constant swept area regardless of the wind direction. Removing the
lower and the upper part of the Troposkein sweeping area and replacing the lost
area by enlarging the diameter of the Turbine increases blade efficiency.

Equipped with oversized generators, DWT's do not require pitch or blade tip
controls that limit the power to the generator.

A rugged, all steel, construction allow DWT's to operate under extreme
conditions such as -70 degrees F temperatures and withstand 135 mph winds.
Designed for a standard operating wind speed range of 6 to 60 mph, DWT's could
be special application designed for higher wind speeds.

Mobile, self-erecting, capabilities make DWT's more practical in isolated areas
where lifting devices are unavailable. Tower mounting increases efficiency and
revenues due to better wind velocity obtained with elevation from ground level.

EMS has the unique ability to combine electricity generation and storage
providing significantly lower operating costs per kWh for Off-Grid users. On
average, an EMS will reduce the cost of diesel power generation by 30%.
Including a Wind Turbine, electricity costs could be reduced to 50% of existing
per kWh cost.

MKBY now owns a key EMS component for EMS solutions to be marketed to thousands
of Off-Grid utilities worldwide representing a potential multi-billion dollar
market.

DWT's are ideally suited for areas of constant changes in wind direction such as
islands, deserts, coastal regions, hillcrests or areas of flat even terrain.
Off-Grid utilities range in size from under one hundred kilowatt to multi-
megawatt.

Installation costs of C$2,000 per installed kW, combined with significantly
lower maintenance costs, make the DWT a serious competitor to the dominant
propeller type Wind Turbine technology.

MKBY has applied for trademark registration of "DWT" for its Wind Turbine
generator.

EMS components include the Vanadium Redox Battery electricity storage technology
surrounded by electricity generation technologies such as Wind Turbines,
Vanadium Electrolyte, Diesel, and Biomass.

DWT, EMS and/or their Components may be leased or purchased through McKenzie Bay
Leasing, a McKenzie Bay International subsidiary.

This press release contains certain forward-looking statements concerning
potential developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains. The actual
results of the specific items described in this release, and the company's
operations generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon the best
judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company's
dependence on third parties, general market and economic conditions, technical
factors, the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company. The company
disclaims any obligation to update information contained in any forward-looking
statement. In addition, the description of past or present performance as to any
person is not an indication of future performance or success. The company will
remain dependent upon obtaining future financing to support its continued growth
and development to successfully implement its business plan