Great Wall Builders Ltd. Acquires dPollution International Inc.
April 20 2012 - 3:44PM
Marketwired
Great Wall Builders Ltd., (OTCBB:GWBU) (the "Company" or "Great
Wall"), is pleased to announce that the Company has acquired all of
the assets of dPollution International, Inc. ("dPollution"). Under
terms of the Asset Acquisition Agreement executed on March 19,
2012, the Company will acquire all the assets and intellectual
property of dPollution in exchange for 27,306,793 shares of
restricted common stock of Great Wall.
dPollution has been undertaking the commercialization of the
Start Device, an innovative automotive aftermarket device that
utilizes high-voltage electric current to break long-chain
hydrocarbon molecules into shorter, lighter, and more volatile
molecules. The patent-pending device produces a number of important
benefits to combustion engines, including;
-- Lower emissions
-- Reduced fuel consumption
-- Improved engine performance
In conjunction with the acquisition on March 23rd, Mr. Peter
Even Bell, the sole officer and director of the Company, tendered
his resignation after the election of Mr. Daniele Brazzi to the
positions of President and CEO and Mr. Jay Ameida to the position
of Director of Operations. Both men were also elected as members of
the Board of Directors of the Company.
In a related transaction, Mr. Bell and Mr. Brazzi entered into a
Common Stock Purchase Agreement ("SPA") on March 26, 2012, wherein
Mr. Bell sold to Mr. Brazzi, 176,000,000 shares of his common stock
and agreed to cancel his remaining 37,487,500 shares. Following the
transaction there are 349,819,293 common shares of the Company
issued and outstanding.
Safe Harbor
This press release may contain forward-looking statements with
respect to business conducted by Great Wall Builders, Ltd. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the future. Such forward-looking
statements include those that express plan, anticipation, intent,
contingency, goals, targets, or future developments and/or
otherwise are not statements of historical fact. The words
"potentially", "anticipate", "could", "calls for", and similar
expressions also identify forward-looking statements. The Company
does not undertake to update any forward-looking statements.
Factors that could affect actual results include, without
limitation, risks associated with:
-- The Company's ability to successfully obtain patents for its technology
and the adequacy of such patents;
-- The introduction of competitive technology;
-- The Company's ability to develop, manufacture, license, or sell its
products or product candidates;
-- The Company's ability to enter into and successfully execute any license
and collaborative agreements;
-- The adequacy of the Company's capital resources and cash flow
projections, the Company's ability to obtain sufficient financing to
maintain the Company's planned operations, or the risk of bankruptcy;
-- Other risks that may be described under Certain Risks and Uncertainties
Related to the Company's Business, as contained in the forthcoming
Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Contacts: Champions Financial
813-996-5658bobchristian@championsfinancial.combrittchristian@championsfinancial.com