Energy 1 Corporation Concludes Merger Agreement With Vortex IP, Inc.
April 22 2010 - 8:57PM
Marketwired
(PINKSHEETS: EGOC) Energy 1 Corporation announced today that it has
concluded its merger agreement with Vortex IP, Inc., a private
Florida Corporation.
According to the management of Vortex IP, Inc., Vortex IP, Inc.
is a leader in the evolving green economy business sector and
intends, in coordination with Energy 1, to manufacturer Vortex IP
brands including ExhausTek and IonTek, products that address the
question of fuel economy and emissions for the internal combustion
motor.
"Vortex IP not only has state of the art technology solutions
for gasoline and diesel powered devices but has solutions for the
emerging alternative fuels such as Biodiesel and Biodiesel blends,"
said Dean Stieger, President of Energy 1 Corp. "Their team really
completes our own and will truly benefit our company, expediting
the release of our technology solutions to the market," added Mr.
Stieger.
About Energy 1 Corporation
Energy 1 Corporation is a US based Energy Research and
Development Corporation, which is developing energy and emission
solutions for the post carbon economy for the transportation
industry.
Important Information
About Forward-Looking Statements in this
press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to the company or
its management, identify forward-looking statements. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above. In
addition, such statements could be affected by risks and
uncertainties related to the exploration for and development of
mineralized material, product demand, market and customer
acceptance, competition, pricing and development difficulties, as
well as general industry and market conditions and growth rates and
general economic conditions. Any forward-looking statements speak
only as of the date on which they are made, and the company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
release. Information on the Company's website does not constitute a
part of this release.
Contact: Raymond T. Brown Director Energy 1 Corp.
(561)347-6462
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