Wednesday, October 22, 2008 1:56:59 PM
High Velocity Alternative Energy, Inc. Announces Symbol Change and 4 for 1 Forward Stock Split
High Velocity Alternative Energy, Inc. (Other OTC: HVAE.PK) announced today that the Company has effectively begun trading under its new symbol “HVAE” on the Pink Sheets OTC. In conjunction to the symbol change, the company executed a Board approved 4 for 1 forward split of its common stock and has commenced trading on a split-adjusted basis under the new symbol. After taking into account the forward split, there are a total of 82,599,636 shares of common stock issued and outstanding as of October 22, 2008 High Velocity Alternative Energy exited bankruptcy this past June and since then the Company has been in the process of executing their business plan. High Velocity Alternative Energy is a holding company that specializes in the refining, blending, packaging, and distribution of middle market petroleum and related products to the automotive and manufacturing aftermarket.
About High Velocity Alternative Energy, Inc.
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