HyPower Fuel Announces Acquisition Update and Tier Upgrade
March 22 2011 - 8:28AM
Marketwired
HyPower Fuel Inc. (PINK SHEETS: HYPF)
HyPower announced today that its Board of Directors and
consultants have been working diligently on closing two
acquisitions and expect to be able to announce one of these
acquisitions by the end of the month. HyPower's Board has also
decided to take the next logical step forward and upgrade to the
OTC Pink Current Information tier. Mr. Douglas Bender, CEO of
HyPower, explained that "we believe that both acquisitions being
negotiated have great possibilities for value appreciation and
synergy with HyPower. These are leading edge companies whose
technologies and offerings are exceptional. Their managerial talent
and innovation, combined with HyPower's resources, could propel us
to quick and steady growth and profitability." In regards to the
Tier Upgrade, Mr. Bender commented that "we have already begun the
process of upgrading to OTC Pink Current Information. This is but
the first step in our overall plan to uplist to a recognized
exchange in the US and possibly cross-list with a foreign exchange
such as the Frankfurt or TSX Venture Exchange."
About HyPower Fuel Inc.
HyPower is a category leading company in the energy technology
sector, providing innovative, clean alternative energies through
unique methods. Currently HyPower has hydrogen insertion/production
and biodiesel technologies in development and/or in the product
commercialization stage. For more information please visit:
www.hypowerfuel.com and/or contact us at:
hypower@hypowerfuel.com
Safe Harbor - This press release shall not constitute an offer
to sell or a solicitation of an offer to buy securities of HyPower
Fuel Inc. Certain statements in this release and other written or
oral statements made by or on behalf of the Company are "forward
looking statements" within the meaning of the federal securities
laws. Statements regarding future events and developments and our
future performance, as well as management's expectations, beliefs,
plans, estimates or projections relating to the future are
forward-looking statements within the meaning of these laws. The
actual results achieved may differ materially from any
forward-looking statements due to these risks and uncertainties.
These statements are based on our current expectations and speak
only as of the date of such statements.
Contacts: Newstrack Communications (587) 987-8585
Hypower Fuel (CE) (USOTC:HYPF)
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