Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

SymPowerco Advances Acquisition Initiatives

Posted : Mon, 13 Jul 2009 11:30:37 GMT
Author : SymPowerco Corp.
Category : Press Release
News Alerts by Email ( click here )
News | Home
GARDNERVILLE, NV -- 07/13/09 -- SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company's discussions to acquire majority interests in Highline Hydrogen Hybrids, Inc. ("HHHI") and Hoss Motor Sports, Inc. ("HMSI") have reached an advanced stage and that SymPowerco, HMSI and HHHI have exchanged comprehensive documents detailing the scope and terms of multi-level acquisition agreements. Subject to the completion of due diligence by all parties, shareholders can expect final decisions with respect to the acquisitions in the very near term.

Both HMSI and HHHI are rapidly completing their moves to larger facilities in Dumas, Arkansas. Full-scale production is expected to start for both companies at their new facilities later this summer. The companies are engaged in several initiatives to expand the markets for their products, to increase their product lines and to expand the intellectual property bases associated with their respective products.

HHHI has developed a unique supplemental hydrogen fuel system for Internal Combustion Engines that reduces dangerous emissions, enhances fuel efficiency by as much as 25% and increases horsepower by an average of 10%. HHHI plans to release a version of its supplemental fuel system for use on Over-The-Road commercial vehicles.

Hoss Motor Sports Inc. intends to produce several types of Off Road Utility Vehicles at its new Dumas, Arkansas site including vehicles designed specifically for Search and Rescue, Construction Sites and for Sport Utility and Off Road Enthusiast markets.

SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets being created by today's energy and environmental challenges. HMSI and HHHI offer potentially expansive synergies and marketing opportunities with SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell and Hybrid Power System technologies.

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact:
Investor Relations
775-636-8486
Email Contact: Email Contact


Copyright © 2008 Market Wire. All rights reserved.
Share/Save/Bookmark



Related News

Phytel Recognized as One of the 100 Best Places to Work
DALLAS - Phytel, a quality improvement company that helps physicians provide optimal preventive and chronic-disease care, has been recognized as one of the 100 best places to work in the Dallas/Forth Worth area. The Dallas Morning News bases its ranking on an employee survey that

AARP NY Praises House Passage of Health Care Reform Bill
Critical legislation would strengthen Medicare, improve coverage for all Americans NEW YORK, Nov. 8 /PRNewswire-USNewswire/ -- SUMMARY: Yesterday the United States House of Representatives passed critical health care reform legislation that would strengthen Medi...

Catholics for Choice Statement on Healthcare Reform Bill
WASHINGTON, Nov. 8 /PRNewswire-USNewswire/ -- Jon O'Brien, president of Catholics for Choice, issued the following statement about the passage of HR 3962: "Behavior in recent weeks tells us and the American voters a lot about core values. We in the prochoice community staye...

Electors Can Register at the Polls
OTTAWA, ONTARIO -- 11/08/09 -- Most electors in Cumberland-Colchester-Musquodoboit Valley (Nova Scotia), Hochelaga (Quebec), Montmagny-L'Islet-Kamouraska-Riviere-du-Loup (Quebec) and New Westminster-Coquitlam (British Columbia) are already on

LightInTheBox.com Offers Deals on Chinese Brand Car DVD Players
BEIJING, Nov. 8 /PRNewswire-Asia/ -- LightInTheBox.com offers special deal on Car DVD players for the upcoming Christmas. (http://www.lightinthebox.com/go/Car-DVD) If you buy a car DVD player now, you will get a rear view camera...

AARP Pennsylvania Key Vote News Alert
AARP Praises House Passage of Health Care Reform Bill Critical legislation would strengthen Medicare, improve coverage for all Americans HARRISBURG, Penn., Nov. 8 /PRNewswire-USNewswire/ -- SUMMARY: Last night the United States Hous...

Dulin's Books Announces Launch of New Ereaders in U.S.
Dulinsbooks.com now offers the PocketBook 360 and the PocketBook 301+ for sale in the US. /I/P P(PRWEB) November 8, 2009 -- Dulin's Books, an upstart independent ereader reseller from the Pacific NW, announces the availability 2 new ereaders, the PocketBook 301+ and the PocketBook 360,...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.