Colombia Clean Power & Fuels, Inc. Announces New Stock Ticker Symbol and Launch of Website
Press Release Source: Colombia Clean Power & Fuels, Inc. On Monday October 11, 2010, 9:18 am EDT
HOUSTON--(BUSINESS WIRE)-- Colombia Clean Power & Fuels, Inc. (OTCBB:CCPF.OB.ob - News) announced today that effective October 7, 2010 its stock ticker symbol changed from FRDR.OB to the new ticker symbol of CCPF.OB to reflect the Company’s new name and strategy adopted earlier this year. Shareholders are advised to take note of this change. Shareholders are not required to take any action with respect to this change. The Company also announced today the launch of its corporate website: www.ColombiaCleanPower.com
Daniel Carlson, Chief Financial Officer, stated, “Our new ticker symbol and the launch of our website are important investor relations milestones that will allow us to better communicate our strategy and progress to shareholders, customers, business partners, and others in our industry.”
About Colombia Clean Power & Fuels, Inc.
Colombia Clean Power & Fuels, Inc. (OTCBB:CCPF.OB.ob - News) is developing coal mining, coal coking and clean coal technology operations in the Republic of Colombia. The Company plans to build mines to produce high-grade metallurgical coal and implement advanced coal technologies, such as coal gasification and coal-to-liquids, to produce metallurgical coke, urea, liquid fuel, power and other clean energy solutions. Colombia is the world’s tenth largest producer and fourth largest exporter of coal, with an estimated 7 billion metric tons (“MT”) of recoverable reserves and 17 billion MT of potential reserves.
The Company’s current operations are focused on coal exploration and development activities. The Company has retained leading engineering and geological services firms in the U.S. and Colombia to conduct exploration work in selected concessions under consideration for acquisition by the Company. The Company’s team of executives, advisors and partners is comprised of experienced entrepreneurs and business professionals in the U.S., Colombia and China that have a breadth of experience in coal mining and clean coal technologies as well as substantial industry relationships.
For more information, visit www.ColombiaCleanPower.com
This release contains forward-looking statements regarding Colombia Clean Power & Fuels future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, fluctuations in coal and energy prices, and other risk factors described from time to time in the Company’s reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company’s control. Colombia Clean Power & Fuels undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Colombia Clean Power & Fuels, Inc.
Daniel Carlson, +1 415-460-1165
Chief Financial Officer dcarlson@colombiacleanpower.com
