SEFE, Inc. Comments on Unusual Trading Activity
April 30 2012 - 8:00PM
Business Wire
SEFE, Inc. (OTCBB: SEFE.OB) (“SEFE”) (the “Company”), an
emerging solutions-driven alternative energy provider, today
announced that it is not aware of any material developments
relating to its operations or business affairs that would account
for the recent unusual trading activity of its shares.
Donald C. Johnston, SEFE’s chief executive officer, stated, “As
our corporate policy dictates, we generally do not comment on
market activity or on market rumors. However, due to the recent
unusual trading activity of our common stock, I would like to take
this opportunity to convey to the investment community that our
operations are progressing as described in our public filings with
the Securities and Exchange Commission, which are available at
www.sec.gov.”
According to Mr. Johnston, the Company recently canceled shares
of common stock held by the “Former Executive Managers”, which were
retired to treasury stock of the Company, reducing the number of
outstanding shares from 61,016,000 to 52,278,998. He went on to
reiterate that SEFE is a development stage company and has several
milestones to achieve as have been outlined in its SEC fillings.
Mr. Johnston stated that “the Company is encouraged by its
scientific group’s efforts and intellectual property advancements.”
Mr. Johnston also noted the recent appointment of himself and
Michael Cromar to the SEFE Board of Directors as additional
strategic moves that “should hasten the development of the
company’s alternative energy technologies.”
About SEFE, Inc.
SEFE focuses on pushing the boundaries of what’s possible,
embracing innovation and employing the cutting-edge to solve
problems, and offering sustainable solutions to a world hungry for
invention, direction and leadership. SEFE is technology- and
solutions-driven, focusing on developing inventions that provide a
real-world impact and true profitability. Accordingly, success is
measured by both a sustainable return on investment, as well as a
project’s sustainability from an environmental perspective.
For more information, visit www.SEFElectric.com.
Forward-Looking Statements
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, as well as statements that include words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and other similar
expressions are forward-looking statements. All forward-looking
statements involve risks, uncertainties and contingencies, many of
which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. We are under no obligation
to (and expressly disclaim any such obligation to) update or alter
our forward-looking statements, whether as a result of new
information, future events or otherwise.