HyPower Fuel Announces Spin-Out Option and Possible Future Dividend
April 20 2011 - 12:34PM
Marketwired
HyPower Fuel Inc. (PINK SHEETS: HYPF) -
HyPower is pleased to report that its two Target Companies
(TC's) have both expereesed a strong interest in making use of
HyPower's strength to grow quickly, show financial results and then
be Spun Out as separate public entities trading on recognized
exchanges, higher than Pinksheets OTC. Mr. Douglas Bender, CEO of
HyPower, commented that "this is not something we had anticipated,
but if the TC's can achieve the revenues and growth that their
initial projections suggest, this is a very viable option which
will maximize returns for both the TC's and for HyPower. HyPower
shareholders could receive a special dividend giving them a direct
shareholding in the TC's in some manner."
Mr. Bender went on to reiterate that "we continue to assist the
TC's in developing their revenue projections and will be providing
details on this in the near future."
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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