Duratech Group Inc. Becomes Fully Reporting Publicly Traded Company
25 September 2008 - 10:30PM
Marketwired
Duratech Group Inc (OTCBB: UPSN), an Alberta-based manufacturer of
residential homes, today announced it has completed its reverse
merger with UpSnap Inc, a Nevada corporation presently trading on
the Over-the-Counter Bulletin Board (OTCBB) under the ticker symbol
"UPSN."
The company has now completed all necessary filings with the
United States Securities and Exchange Commission (SEC). Pursuant to
the merger, the company will be filing with the NASDAQ to receive a
new stock symbol, which the company expects to announce in the next
60 days.
As required by the United States Securities Exchange Act of
1934, as amended, Duratech Group shall be issuing public quarterly
reports, annual reports, corporate development reports, audited
financial statements and will otherwise comply with all reporting
and disclosure requirements of OTCBB issuers.
President and CEO, Tony Philipp has resigned from the company
and been replaced by Peter Van Hierden, president and CEO of
Duratech Group.
"The successful completion of this transaction coupled with
Duratech's listing on the OTC Bulletin Board are both major
milestones for us," said Peter Van Hierden, president and CEO of
Duratech Group. "As a fully reporting company, we hope to attract
both individual and institutional investors to the company, and to
create a thriving market for our stock. We look forward to updating
the investment community as we reach key milestones and implement
our growth strategy with a goal to consistently enhance shareholder
value."
Additional information may be found on the company's recent
filing on Form 8k.
About Duratech Group Inc.
Duratech Group Inc. is an Alberta-based traditional home
construction builder and manufacturer of built off-site residential
homes. Duratech operates through two business units Duratech
Contracting and Duratech Structures.
All trademarks are property of their respective owners. �2008
Duratech Group Inc. All Rights Reserved.
Forward Looking Statements: With the exception of historical
information, the matters discussed in this press release are
"forward looking" statements that involve a number of risks and
uncertainties. The actual future results of the Company could
differ from those statements. Factors that could cause or
contribute to such differences include, but are not limited to, the
continued demand for the Company's products and services, worldwide
economic conditions, changes in governmental regulations and
policies, the emergence of competitive products and services,
unforeseen technical issues and those risk factors contained in the
Company's filings with the SEC.
Contacts: Duratech Group Inc. Janeen Norman (403) 567-0333
Email: jnorman@duratechgrp.com
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