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Friday, January 30, 2009 11:25:53 AM
EASY ENERGY INC(OBB: ESYE.OB)
Market Cap: 4.67M
View Additional ProfilesLAS VEGAS, NV -- (MARKET WIRE) -- 01/15/09 -- Easy Energy, Inc. (OTCBB: ESYE), inventor and manufacturer of the YoGen® product suite, a line of compact, highly innovative man-powered generators for use in recharging portable electronic devices, ranging from cell phones to laptop computers, is pleased to announce that it has begun the process of obtaining shareholder approval to significantly reduce the Authorized Shares of company stock from the current limit of 1 billion down to 150 million.
The company has reached the point where it is now able to provide a timetable for the process of ramping up commercial mass production of both models of the YoGen® charger. The tooling is either under construction or completed and many components are already in hand. Easy Energy anticipates the first assembly pilot run of 100 units to begin on March 11, 2009, followed by an assembly pilot run of 1000 units beginning on March 27, 2009. Mass production of the two models is then planned to be initiated on April 9, 2009.
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