What happend to Nexplore Technologies?
General Environmental Corporation Completes Merger with NT Technologies, Inc.
Wednesday March 28, 7:00 am ET
EXETER, N.H.--(BUSINESS WIRE)--General Environmental Corporation today announced that it has completed its restructuring by re-incorporating in the State of Nevada and has completed a merger with its wholly owned subsidiary, NT Technologies, Inc. (PINK SHEETS: NTTI - News). Pursuant to the merger agreement, the shareholders affected a one-for-twenty reverse of the outstanding shares of General Environmental Corporation, resulting in NT Technologies, Inc. having 1,426,560 outstanding shares. The merger with the Nevada subsidiary also results in a name change from General Environmental Corporation to NT Technologies, Inc. (NTTI). The new trading symbol for the new entity is NTTI.
This press release is not a solicitation to buy or sell securities. This press release includes "forward looking statements," as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made on experience, expected future developments and other factors the Company believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements. As a result, many factors, including delays in the development and implementation of the Company plans and obtaining financing, may result. Furthermore, the Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
