Well what happened to the company??? It looks like it was a pump and dump.....and went out of biz. Look at this old news release....
Metropane growth continues with AFT licensing agreement
COLUMBUS, Ohio--(BUSINESS WIRE)--May 5, 1997--Metropane Inc. (OTC BB:METP), a leader in alternative fuel vehicle transfer technology, Monday announced that it has signed an additional five year, non-exclusive licensing agreement with a key conversion contractor.
Alternative Fuel Technologies (AFT) has signed an agreement with Metropane as the conversion contractor covering specifically the state of Florida.
David M. Melina, president and chief executive officer of Metropane Inc., stated that the agreement with Alternative Fuel Technologies is keeping Metropane's growth plans on track.
Under the terms of the license agreement Metropane will provide all technical and commercial support, and the conversion contractor will provide all conversion services, including the procurement of components. Melina stated that Metropane plans on establishing similar licensing agreements in all strategic urban areas.
Metropane projects over 2,300 vehicles for conversion nationwide during the next twelve months. Melina reinforced Metropane's new aggressive strategy of cost containment through decentralization of the conversion process and growth through diversification.
Metropane will continue to build internally on its energy platform; external growth is planned through strategically compatible manufacturing acquisitions and joint ventures.
Metropane is an American Gas Association (AGA) 1-85 certified company whose products are California Air Resources Board (CARB) approved. Metropane's Nationwide force of mechanics are Automotive Service Excellence (ASE) certified and factory trained for all major conversion systems.
Metropane's CNG conversions have been successfully crash tested by the U.S. Department of Transportation Vehicle Research and Testing Center.
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