AlumiFuel Power Corporation Announces Effectiveness of Reverse Stock Split; Company to Trade Under Symbol "AFPWD" for Twenty ...
April 23 2013 - 5:00PM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power
Corporation (OTCQB: AFPW) (the "Company") announced today the
effectiveness of a 1 for 200 share reverse split of its common
stock that will take effect as of the market open on Wednesday,
April 24, 2013. Beginning with the open of business on April 24,
2013 and for a period of 20 business days, the Company's common
stock will trade under the stock symbol "AFPWD." The "D" will drop
off and the stock will continue to trade under the symbol "AFPW" on
the 21st business day.
Holders of shares of the Company's common stock in certificate
form are not required to exchange their certificates with the
Company's transfer agent, however, they are welcome to do so if
they wish by contacting the Company's transfer agent, American
Stock Transfer, Inc. at (877) 271-0548.
About AlumiFuel Power Corporation (www.alumifuelpowercorp.com)
AlumiFuel Power Corporation, operating through its wholly owned
subsidiary, AlumiFuel Power Technologies, Inc., is an early
production stage alternative energy company that generates hydrogen
gas and steam/heat through the chemical reaction of aluminum
powder, water, and proprietary additives. This technology is
ideally suited for multiple applications requiring on-site,
on-demand fuel sources, serving National Security and commercial
customers. The Company's hydrogen feeds fuel cells for portable and
back-up power; fills inflatable devices such as weather balloons;
can replace costly, hard-to-handle and high pressure K-Cylinders;
and provides fuel for flameless heater applications. Its
hydrogen/heat output is also being designed and developed to drive
fuel cell-based and turbine-based undersea propulsion systems and
auxiliary power systems. The Company has significant
differentiators in performance, adaptability, safety and
cost-effectiveness in its target market applications, with no
external power required and no toxic chemicals or by-products.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are
made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, they are based on management's
current beliefs and assumptions as to future events. However, since
the company's operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACTS: Investor Relations: AlumiFuel Power
Corporation Thomas B. Olson Corporate Secretary 303-796-8940
Technical Information & Marketing: Email Contact
AlumiFuel Power (CE) (USOTC:AFPW)
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