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NEW YORK, Mar. 07, 2014 /PRNewswire/ --AccelPath, Inc.(OTN: ACLP) and Energy Innovative Products (EIP), two companies specializing in the field of diagnostic imaging, engineering and energy efficiency, announced today that they have merged. The merger creates a strategic partnership that combines groundbreaking patents, technology, as well as resources EIP obtained in it's acquisition of Energy Innovative Products. The new venture will be focused in government contracts with U.S. Air Force and Navy in addition to expanding business into industrial applications.
Gilbert Steedley, interim CEO of AccelPath stated, "We've been working diligently under high pressure deadlines to make this merger successful. Scott [Caputo] and I, as well as the rest of the team have been working around the clock to ensure that, not only our pipeline projects objectives are met but that the value of shareholders are met with the completion of the merger. This development brings unprecedented value and immense potential in our future."
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or AccelPath's future financial performance. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes", "expects", "anticipates", "plans", "intends" and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or AccelPath's actual results to differ materially from those indicated by the forward-looking statements. There are a number of important factors that could cause AccelPath's actual results to differ materially from those indicated by the forward looking statements, including those factors described under "Risk Factors" in the Company's periodic reports filed with the U.S. Securities Exchange Commission, including its Annual Report on Form 10-K. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Accordingly, you are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and may become outdated over time. AccelPath undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, and changes in expectation or otherwise, except as required by law.
SOURCE AccelPath, Inc.
