On February 23, 2012, the director and CEO of YesDTC Holdings, Inc., Joseph Noel, tendered his resignation of all offices of the company and resigned as the Company's sole director. On February 23, 2012, Chief Financial Officer of the company, William Bush, tendered his resignation as Chief Financial Officer. As of this date of this filing, all directors and officers of the Corporation have resigned their positions.
Effective December 21, 2011, YesDTC Holdings, Inc. changed its OTCPK stock ticker symbol to YESD from YESDE.
reference source for both aticles here above the line http://www.realpennies.com/otc/YESD/ ------------------------------------------------------------------------------------------------------------------------------------
YesDTC Announces Name Change to MotorBooster, Inc. to Concentrate on High Growth...
Tue Aug 9, 2011 7:02am EDT
YesDTC Announces Name Change to MotorBooster, Inc. to Concentrate on High Growth Fuel Catalyst Market
SAN FRANCISCO, Aug. 9, 2011 (GLOBE NEWSWIRE) -- YesDTC Holdings, Inc. (OTCBB:YESD), a direct-to-consumer marketer and global distributor of consumer goods and products, today announced the Company plans to change its name to MotorBooster, Inc. The change to MotorBooster, Inc. reflects the Company's intention to actively and exclusively pursue the marketing, distribution and sale of its MotorBooster(TM) combustion catalyst and engine conditioner as part of its nationwide product rollout.
Going forward, the Company has determined it will concentrate its corporate efforts on its unique, proprietary MotorBooster product, which is protected under U.S. patents and has received EPA Certification to not cause engine damage. Recent independent tests have shown the MotorBooster fuel catalyst formulation to generate a very significant 16% increase in fuel efficiency as well as substantial fuel emission reductions. In addition to these tests, the Company also recently announced the University of Alaska, Fairbanks, along with a major multinational oil company, will be jointly conducting extensive tests on MotorBooster for its potential to reduce emissions, improve fuel efficiency and enhance engine performance in the oil industry.
Joseph Noel, CEO of YesDTC, commented, "The results of the testing on MotorBooster thus far has been so dramatic and the possibilities for fuel savings across a multitude of industries so vast that the Company and Board of Directors believe the Company and its investors will be best served by focusing exclusively on this opportunity going forward." He continued, "By now, anyone following our story has already noted the 16% increase in fuel efficiency and substantial improvement in lowering fuel emissions that MotorBooster has been shown to demonstrate in independent dynamometer testing and we believe the upcoming tests at the University of Alaska will provide further validation of this amazing product's efficacy. In regards to the other product lines we have pursued, WordSmart in particular, while we believe they hold strong revenue possibilities, they pale in comparison to the huge market size and vast consumer interest we believe exists for MotorBooster. Going forward, we plan to devote our full corporate efforts to the promotion of MotorBooster, which we view as clearly holding the highest revenue and profit potential of any product we've encountered to date."
At a national average cost per gallon of $3.66 for regular gasoline, and $3.92 for premium, the Company estimates a 16% increase in fuel efficiency as demonstrated by its last independent test would mean a very significant nearly $0.59 savings per gallon on regular and a $0.63 savings on premium, while users switching from premium to regular as a result of using MotorBooster would realize even more significant savings at the pump. As an automotive combustion catalyst that targets the consumer market, MotorBooster is designed to increase fuel economy, reduce hydrocarbon emissions and enhance engine performance. MotorBooster(TM) is a proprietary formulation tablet that users simply insert into their gas tank, upon which it dissolves into the fuel to achieve mileage, emissions and enhancement benefits, including allowing motorists to use lower octane fuels for double-savings at the pump. MotorBooster is protected under U.S. patents and has received EPA Certification to not cause engine damage.
About YesDTC Holdings, Inc.
YesDTC Holdings, Inc. is a direct-to-consumer marketing company specializing in direct response television (DRTV), internet and retail marketing programs. The Company brings a unique set of skills to this market space by combing both the creative talents and financial acumen needed to create a total package for direct-to-consumer marketing programs. More information on YesDTC Holding can be found at www.yesdtc.com
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
CONTACT: YesDTC Holdings, Inc. Christian Kirsebom (925) 247-6666
Date : 02/27/2012 @ 12:08PM Source : Edgar (US Regulatory) Stock : Yesdtc Holdings, Inc. (PN) (YESD) Quote : 0.0008 0.0 (0.00%) @ 4:26PM
- Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________________ FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2012 YesDTC Holdings, Inc.
(Exact Name of Registrant as Specified in Charter) Nevada 333-155178 27-2501561
(State or other jurisdiction
of incorporation) (Commission File Number) (IRS Employer
Identification No.)
300 Beale Street
Suite 613
San Francisco, CA 94105 (Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (925) 922-2560
(Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 23, 2012, the director and CEO of YesDTC Holdings, Inc. (the “Company”), Joseph Noel, tendered his resignation of all offices of the Company and resigned as the Company’s sole director. On February 23, 2012, Chief Financial Officer of the Company, William Bush, tendered his resignation as Chief Financial Officer. As of this date of this filing, all directors and officers of the Corporation have resigned their positions.
Item 8.01 Other Events. On February 23, 2012, the Company was notified buy its licensor for the MotorBooster fuel catalyst product the licensing agreement between the two entities was being terminated due to lack of progress in marketing the product. As a result, YesDTC holdings will no longer pursue this line of business. As of February 23, 2012, YesDTC Holdings Inc. will cease business operations due to its inability to secure adequate financing.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
YESDTC HOLDINGS, INC. Date: February 27, 2012 By: /s/ Joseph A. Noel
Name: Joseph A. Noel Title: Chief Executive Officer
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