HyPower Fuel First Acquisition Draws Closer
April 14 2011 - 12:46PM
Marketwired
HyPower Fuel Inc. (PINK SHEETS: HYPF)
HyPower hereby provides an update into the status of its
negotiations to purchase two companies. Mr. Douglas Bender, CEO of
HyPower, commented that "we have reached an Agreement in Principle
on the Purchase Formula for the purchase of all or some of the
first acquisition Target Company (TC). TC's principals have been
updating their business plans and projections with the help of
HyPower consultants. The purchase price is driven by both actual
and future results and we are impressed by the drive and energy TC
has exhibited to succeed and maximize its returns."
Mr. Bender went on further to comment on TC by saying that "we
will be providing details as to TC and its revenue projections in
the near future and are confident that this acquisition will
generate large revenues and cash flow for HyPower in the years
ahead."
Mr. Bender also commented that "the second acquisition is also
proceeding well at this time and it truly is a Game Changer."
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@hypowerfuel.com www.hypowerfuel.com
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