Energy & Technology, Corp. Announces Forward Stock Split
18 Décembre 2009 - 6:57PM
Business Wire
Energy & Technology Corp. (OTCBB:ENGT) today announced that
the company’s Board of Directors approved to issue an additional
shares five-for-one forward stock split, in the form of a stock
dividend, payable to Energy & Technology Corp.
shareholders.
The split will be effective after FINRA approval and should take
place on or after January 1, 2010. The company will announce to
shareholders in due course the actual date of the stock split and
the date of record. When the stock split becomes effective,
shareholders of common stock will receive an additional four shares
for each share held at the date of record.
ENGT expects that the Board’s action will improve liquidity and
trading volume in the company’s stock.
About Energy & Technology, Corp.
As the holding company for Technical Industries, Inc., Energy
Pipe, LLC and Energy Threading, Energy & Technology, Corp.
(OTCBB: ENGT.OB - News) is a single source for rig, integrated
systems, down hole tools, OCTG tubing and casing, line pipe, drill
pipe, drilling tools and supply chain solutions. ENGT provides a
comprehensive drilling system for parts, down hole tools, the
latest proprietary technology in non-destructive testing, storage
and other products and services.
To learn more about ENGT visit: www.engt.com.
SAFE HARBOR STATEMENT
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors available from the Company. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Investors are urged to read the Annual
Report on Form 10-K for the year ended December 31, 2008 and other
documents filed by ENGT with the SEC.
For additional information, contact Chris Johnson at
337-984-2000 or at chrisjohnson@engt.com.
Energy and Technology (PK) (USOTC:ENGT)
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