HYPF - HyPower Fuel Inc. Board of Directors Announce Date for the Forward Stock Split
Thursday September 28, 1:58 pm ET
WILMINGTON, Del.--(BUSINESS WIRE)--HyPower Fuel Inc. (HYPF: OTCPK) announces the official date for the forward stock split that has been approved by the Board of Directors.
HyPower Fuel Inc.'s Board of Directors met this week to discuss a proposed forward stock split on the company's common stock. During the meeting it was agreed that the company will proceed with a 3 for 1 forward stock split. It was also established that the "Record Date" - the date in which you must be in possession of the stock prior to 5:00 pm EST will be Friday, October 6th, 2006 and the "Effective Date" - the date on which the split will occur - to be Tuesday, October 10th , 2006.
"We would like to continue building shareholder interest, while maintaining our strong shareholder base." states Mr. Doug Bender, President of HyPower Fuel Inc.
About HyPower Fuel Inc.
HyPower Fuel Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower's signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner more efficient burn and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. For more information please visit: www.hypowerfuel.com
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Legislation Reform Act of 1995. The Company intends that such forward looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company that is or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Contact:
HyPower Fuel Inc.
Investor Relations:
Stephen Taylor, 973-351-3868
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Source: HyPower Fuel Inc.
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