HyPower Fuel Provides Status Update on Two Acquisitions
01 April 2011 - 2:18PM
Marketwired
HyPower Fuel Inc. (PINK SHEETS: HYPF)
HyPower hereby provides an update into the status of its
negotiations to purchase two companies. Mr. Douglas Bender, CEO of
HyPower, commented that "we were a little too aggressive in our
hopes of releasing the details of one of the acquisition candidates
this week. However, we are very close to a Definitive Agreement and
believe that the first acquisitions name and particulars will be
released very soon. This first company is an operating company that
has a huge capacity to grow exponentially and made highly
profitable."
Mr. Bender went on further to comment on the second acquisition
by saying that "the second acquisition is also extremely exciting
to HyPower in that its technology is a true game changer in a
variety of fields and for many different potential products. The
technology is undergoing the last engineering bench tests required
prior to the first beta tests. All of this is being done by a very
recognized and reputable engineering consulting firm in the NE USA.
More news on the company, its products and its consulting engineers
will be available over the next short while."
About HyPower Fuel Inc.
HyPower is a category leading company in the energy technology
sector, providing innovative, clean alternative energies through
unique methods. Currently HyPower has hydrogen insertion/production
and biodiesel technologies in development and/or in the product
commercialization stage. For more information please visit:
www.hypowerfuel.com and/or contact us at:
hypower@hypowerfuel.com
Safe Harbor - This press release shall not constitute an offer
to sell or a solicitation of an offer to buy securities of HyPower
Fuel Inc. Certain statements in this release and other written or
oral statements made by or on behalf of the Company are "forward
looking statements" within the meaning of the federal securities
laws. Statements regarding future events and developments and our
future performance, as well as management's expectations, beliefs,
plans, estimates or projections relating to the future are
forward-looking statements within the meaning of these laws. The
actual results achieved may differ materially from any
forward-looking statements due to these risks and uncertainties.
These statements are based on our current expectations and speak
only as of the date of such statements.
Contacts: Newstrack Communications (587) 987-8585
hypower@hypowerfuel.com www.hypowerfuel.com
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