Parallel Tech Inc (fka PLLK)

[mberto]

Shell Stocks has an ALERT for PLLK



11/11/2005

REVERSE MERGER: Our Profile List stock Parallel Technologies, Inc. (OTCBB: PLLK 0.025 x 0.027) issued a 10Q that included information that they have entered into a Stock Purchase Agreement with Dalian Fushi Bimetallic Manufacturing Company, Ltd. Dalian Fushi is a corporation organized under the laws of the Peoples Republic of China which manufactures and sells in China copper clad aluminum wire and copper clad steel wire. Simultaneously with the closing of the Stock Purchase Agreement, the Company expects to complete a series of transactions, contemplated pursuant to a nonbinding letter of intent between Dalian Fushi and certain potential investors, to effect, or have substantially the effect of, a reverse merger of the Company with Dalian Fushi. Dalian Fushi and the Company are in the process of negotiating with these certain potential investors regarding the structure and consummation of these transactions