$HPTG released news on 1/13 (high vol. day before that release.) and didn't break above ascending triangle until 1/29.
Pro Star Freight Systems, Inc. Expands Equipment Fleet
1/13/16, 8:00 AM
CHICAGO, Jan. 13, 2016 (GLOBE NEWSWIRE) -- HydroPhi Technologies, Inc.
(OTC:HPTG) subsidiary Pro Star Freight Systems, Inc. (“Pro Star” or “Company”)
announced today the purchase of thirty new semi-trailers, significantly
expanding the Company’s equipment fleet and reducing its costs associated with
leasing semi-trailers from third parties. The move follows Pro Star’s recent
acquisition of land for the development of an additional truck repair center,
one of many critical milestones planned for the company as it continues to
execute its growth plan. The 2016 Vanguard VXP Dry Van semi-trailers will add to
Pro Star’s best-in-class transportation offering, which already services a
diverse group of customers throughout the continental United States, including
some of its largest big-box retailers.
“By purchasing the semi-trailers, our Company saves approximately $250,000
annually in leasing fees, while also gaining access to additional sources of
revenue,” said Nikola Zaric, founder of Pro Star Freight Systems, Inc. “As a
rapidly growing, publicly traded transportation and logistics company, it is of
the utmost importance that we remain laser-focused on our bottom line. The
addition of thirty Vanguard VXP Dry Van trailers demonstrates Pro Star’s
commitment to internal investment for the benefit of our customers and
shareholders.”
To be added to the HydroPhi Technologies email distribution list, please email HPTG@kcsa.com with HPTG in the subject line.
About Pro Star Freight Systems, Inc.
Pro Star is a Mid-Western based, long haul freight transportation company
serving the continental United States. With dispatch operations in Bensenville,
Illinois, Belgrade Serbia and Niš Serbia, and truck service centers in Indiana
and Illinois, the company services and manages a fleet of around 150 trucks.
About HydroPhi
HydroPhi Technologies Group, Inc. (HPTG) is a developer of water-based hydrogen
fuel production systems. The Company's technology isn't a fuel cell, nor is it a
hydrogen alternative to traditional hydrocarbon fuels. The system utilizes
distilled water for the production of hydrogen and oxygen, which is then
injected into the air intake of an engine utilizing carbon-based fuels such as
diesel, unleaded gasoline and natural gas. HPTG's technology, (HydroPlant™) has
been company tested with resulting reduced vehicle operating costs by improved
fuel efficiency up to 20%, while lowering greenhouse gas emissions up to 70%. By
using an on-board, on-demand electrolysis system to separate hydrogen and oxygen
from water, the technology eliminates the need for high-pressure hydrogen
storage or hazardous chemicals while producing a stable, inexpensive alternative
fuel source. By offering a real-time monitoring system as part of a hydrogen
fuel solution with retrofit capability into standard vehicle engines, HPTG
provides fuel efficiency to a potentially broad spectrum of users, including
logistics, trucking, heavy equipment, marine and agriculture. Additional
information about the Company and the technology is available at:
www.hydrophi.com. Forward-looking Statements
The above news release contains forward-looking statements. The statements
contained in this document that are not statements of historical fact, including
but not limited to, statements identified by the use of terms such as
"anticipate," "appear," "believe," "could," "estimate," "expect," "hope,"
"indicate," "intend," "likely," "may," "might," "plan," "potential," "project,"
"seek," "should," "will," "would," and other variations or negative expressions
of these terms, including statements related to expected market trends and the
Company's performance, are all "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and involve a number of
risks and uncertainties. These statements are based on assumptions that
management believes are reasonable based on currently available information, and
include statements regarding the intent, belief or current expectations of the
Company and its management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performances, and are
subject to a wide range of external factors, uncertainties, business risks, and
other risks identified in filings made by the company with the Securities and
Exchange Commission. Actual results may differ materially from those indicated
by such forward-looking statements. The Company expressly disclaims any
obligation or undertaking to update or revise any forward-looking statement
contained herein to reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon which any
statement is based except as required by applicable law and regulations.
Contact:
KCSA Strategic Communications
Phil Carlson / Collin Dennis
HPTG@kcsa.com
Image: Primary Logo
Source: HydroPhi Technologies Gr
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