SolarBrook Water and Power Retires 67 Million Shares of Common Stock in a Continued Effort to Reduce Its Outstanding Shares by a
August 09 2010 - 3:00PM
Marketwired
Continuing the efforts mandated by SolarBrook's (PINKSHEETS: SLRW)
Board of Directors to reduce the amount outstanding shares,
SolarBrook proudly announces a second retirement of 67, 032, 000
shares of common stock to the SolarBrook Treasury.
With the recent retirement of these shares, SolarBrook has
almost met its goal of a 20% reduction in its outstanding shares in
less than two weeks. These shares will be returned to the corporate
treasury by August 12, 2010. This reduction is the continuation of
SolarBrook's committed effort to add value for its share holders.
With this purchase SolarBrook has reached 97% of its reduction
goal.
SolarBrook's president George Moore stated, "Our goal of
reducing the total outstanding shares by 100,000,000 shares is well
within reach this month. We will continue this effort with the
possibility of a further reduction over the next couple months."
The current reduction brings SolarBrook's total outstanding shares
to fewer than 400,000,000.
About SolarBrook Water and Power Corporation
SolarBrook Water and Power Corporation, headquartered in
Raleigh, North Carolina, maintains a core focus of seeking out
synergistic acquisitions that will provide capital appreciation and
income for its portfolio companies. The mission of SolarBrook is to
acquire and develop innovative technologies and businesses that
will improve the quality of water throughout the world by means of
detection, treatment and removal of contaminants. SolarBrook also
seeks to provide integrated clean power alternatives for remote and
off-grid systems, further expanding market potential. For more
information, please visit www.solarbrookwaterandpower.com
Forward-Looking Statements
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the Company's future
expectations, including future revenues and earnings, and all other
forward-looking statements be subject to the safe harbors created
thereby. Since these statements (future operational results and
sales) involve risks and uncertainties and are subject to change at
any time, the Company's actual results may differ materially from
expected results.
Contact: SolarBrook Water & Power Corporation Investor
Relations Ph: 202-241-0011
investorrelations@solarbrookbrookwaterandpower.com