AlumiFuel Power Corporation Subsidiary AlumiFuel Power International, Inc. Lists and Begins Trading on the Deutsche Borse
September 08 2010 - 7:05AM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power
Corporation (OTCBB: AFPW) (the "Company") announced today that its
majority-owned subsidiary, AlumiFuel Power International, Inc.
("AlumiFuel International"), has completed its listing on the
Deutsche Börse-Frankfurt Stock Exchange. The stock, trading under
the symbol ("9AP"), has begun initial trading in the Open Market
segment. The Company owns 40,000,000 shares of AlumiFuel
International common stock.
AlumiFuel International is operated by the same management team
as the Company's wholly-owned operating subsidiary, AlumiFuel
Power, Inc. ("API"), based in Philadelphia, Pennsylvania, and is
focused on marketing the Company's hydrogen generation products to
countries outside of North America. The successful launch of this
listing will enable the Company, through AlumiFuel International,
to increase global awareness and marketing opportunities for the
Company's products while providing additional avenues through which
the Company intends to pursue further funding opportunities.
The Frankfurt Stock Exchange, operated by Deutsche Börse AG, is
one of the world's largest trading centers for securities. The
Frankfurt Stock Exchange facilitates advanced electronic trading,
settlement and information systems. Thus, it is able to meet the
steadily growing requirements of cross-border trading. Besides
traditional floor trading, its fully electronic trading system
Xetra® is one of the leading electronic trading platforms in the
world. With its launch in 1997, the Frankfurt Stock Exchange
succeeded not only in strengthening its own competitive position,
it also created attractive framework conditions for foreign
investors and market participants. Today, the Frankfurt Stock
Exchange is an international trading center as approximately 140 of
around 300 market participants come from abroad, while
approximately 10,000 companies from over 70 countries trade on the
Deutsche Börse.
About AlumiFuel Power, Inc. API (www.alumifuelpowerinc.com) is
an early production stage alternative energy company that generates
hydrogen gas and superheated steam through the chemical reaction of
aluminum, water, and proprietary additives. This technology is
ideally suited for multiple niche applications requiring on-site,
on-demand fuel sources, serving National Security and commercial
customers. API's hydrogen feeds fuel cells for portable and back-up
power, fills inflatable devices such as weather balloons, and can
replace costly, hard-to-handle and high pressure K-Cylinders. Its
hydrogen/heat output is also being designed and developed to drive
turbine-based underwater propulsion systems and auxiliary power
systems, and as the fuel for Flameless Ration Heaters. API 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. For
more news and information on API, please visit
www.irgnews.com/coi/AFPW.
About AlumiFuel Power International, Inc. AlumiFuel
International holds a license agreement with the Company and API to
market API's hydrogen generation products globally to countries
outside of North America.
About AlumiFuel Power Corporation AlumiFuel Power Corporation
operates through its wholly owned subsidiary, AlumiFuel Power,
Inc., a Philadelphia-based early production stage alternative
energy company that generates hydrogen gas and steam for multiple
niche applications requiring on-site, on-demand fuel sources. The
Company also operates through its majority owned subsidiary,
AlumiFuel Power International, Inc., to market its products
globally outside of North America.
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
Public Relations: The Investor Relations Group (IRG) Mike
Graff 212-825-3210 Technical Information & Marketing:
API Laboratories 3711 Market Street, Suite 950 Philadelphia, PA
19104 215-921-9203 Email Contact
AlumiFuel Power (CE) (USOTC:AFPW)
Historical Stock Chart
From Jun 2024 to Jul 2024
AlumiFuel Power (CE) (USOTC:AFPW)
Historical Stock Chart
From Jul 2023 to Jul 2024