PowerSafe Technology Working to Bring Financial Reporting Current
06 July 2010 - 10:00PM
Marketwired
PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today
that the company received an independent accountants' compilation
report for the years ended December 31, 2008 and December 31, 2007
for its wholly-owned subsidiary Amplification Technologies Inc.
("ATI"). ATI was acquired by the Company in February 2009.
"PowerSafe is working diligently to bring its financial
reporting current," said Jack Mayer, President of PowerSafe, "and
obtaining this report was a necessary first step in this
process."
About PowerSafe Technology Corp. (PSFT) Based in New York,
PowerSafe Technology Inc. (www.psftinc.com), through its wholly
owned subsidiary ATI (www.ampti.net), seeks to transform the field
of low-level signal detection. The company's patented platform
semiconductor technology has the potential to offer unparalleled
and far-reaching benefits to industries such as medical
diagnostics, drug development, scientific instrumentation and
homeland security. The technology has been successfully used to
develop extremely sensitive detectors of low levels of light and
the company believes its detectors will be used in many existing
applications as well as open up new markets. ATI's technology is
patented to encompass detection of signals other than light, and
could in principle be used to create highly sensitive biological,
radiological, electrical, and chemical sensors.
Forward-Looking Statements This release contains 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 forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions
concerning future events or future performance of PowerSafe and
Amplification. Readers are cautioned not to place undue reliance on
these forward-looking statements, which are only predictions and
speak only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties inherent herein and those set forth in PowerSafe's
SEC filings and such other matters as are contained therein. These
risks and uncertainties could cause actual results to differ
materially from those indicated in the forward-looking
statements.
Contact: PowerSafe Technology Corp. Jack Mayer Pres.
718-951-8021 Email Contact Avery Kornbluth COO 718-951-8021 Email
Contact
Powersafe Technology (CE) (USOTC:PSFT)
Historical Stock Chart
From May 2024 to Jun 2024
Powersafe Technology (CE) (USOTC:PSFT)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Powersafe Technology Corp New (CE) (OTCMarkets): 0 recent articles
More Powersafe Technology Corporation News Articles