Hydrogen Power Begins Trading on OTC Bulletin Board Under Symbol HYDP as Hydrogen Power, Inc.
Tuesday December 26, 6:55 am ET
ENGLEWOOD, Colo. & SEATTLE--(BUSINESS WIRE)--Hydrogen Power, Inc. announced that its common stock will begin trading today on the Over the Counter Bulletin Board as Hydrogen Power, Inc., completing the Company's name change from Hydrogen Power International, Inc. The shares will continue to trade under the symbol HYDP.
Hydrogen Power, Inc. has licensed and has developed a patented technology for producing hydrogen gas in a process called Hydrogen Now(TM). Hydrogen Now involves a chemical reaction between water, aluminum, and an environmentally friendly catalyst to cleanly and efficiently produce hydrogen on-site and on-demand. FastFunds Financial Corporation, a majority owned publicly-traded subsidiary, recently sold a majority of its operating assets and currently has limited business operations.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to: factors detailed in Hydrogen Power, Inc.'s (formerly Hydrogen Power International, Inc. and Equitex, Inc.) Securities and Exchange Commission filings; failure of registration statements to be declared effective; the loss of contracts or failure to acquire new contracts; success of any legal actions; failure to successfully implement newly developed product lines including projected increases in revenues or earnings; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by Hydrogen Power or any of its subsidiaries; failure to obtain or maintain regulatory approval for products and services offered by Hydrogen Power or its subsidiaries; failure to complete the development and commercialization of alternative energy products or services; adverse equity market conditions and declines in the value of Hydrogen Power common stock; and the unavailability of financing to complete management's plans and objectives.
Source: Hydrogen Power, Inc.
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