Check out the newest press release. There are many good things happening here. Thanks for the last post Rusty.
PHOENIX, ARIZONA – (Disclosure & News Service – September 25, 2018) – PetroSun, Inc (OTC PINK: PSUD) The Board of Directors of PetroSun Inc (“PetroSun” or “the Company”) announced today that Torus TechWorks, Inc, a wholly-owned subsidiary of PetroSun, will be spun-off and a future distribution of the outstanding shares of the common stock of Torus Techworks will be made to the PetroSun shareholders of record as of the close of business on October 25, 2018. PetroSun previously announced the Company’s strategy to drive its next phase growth by consolidating technologies into a spin-off to allow for increased focus and engage symmetry in like technologies.
Torus TechWorks is focused on the current commercialization of its water purification, cryogenics, solar and thermal energy, material separations, transportation and other technologies that possess a symbiotic relationship with these technologies.
PetroSun is fully engaged in the exploitation of its helium, crude oil, natural gas and lithium resources and views the spin-off of Torus TechWorks as providing value to its shareholders. This action will also provide Torus TechWorks with the opportunity to finance its operations independently from PetroSun.
The Company will provide additional details regarding the spin-off in future releases.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “ongoing”, “plan”, “potential”, “predict”, “project”, “should”, “will”, “would”, or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are disclosed on the OTC Market.com website.
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