GreenChek Technology, Inc. Continues to Evaluate Strategic Opportunities
04 Août 2009 - 9:42PM
Business Wire
GreenChek Technology, Inc. (OTCBB:GCHK) announced today that the
Company has been actively seeking funding avenues to support its
manufacturing operations and provide working capital. The Company
has sought out various financing alternatives to increase its
liquidity, including debt and/or equity financing. GreenChek has
received initial proposals from potential funders and is currently
reviewing these proposals with the intention of engaging in
further, detailed discussions. GreenChek remains confident that it
will secure a long-term, comprehensive financing structure for the
Company.
“We will be participating in near future financing as we believe
that our hydrogen injection technology is sound, the market is
large, the future for this type of technology is very bright and
because we want to be an integral part of addressing greenhouse gas
emissions and pollution,” comments Lincoln Parke, President of
GreenChek.
About GreenChek
GreenChek Technology Inc. is traded under the symbol GCHK on the
OTCBB exchange and is based in San Francisco, California. GreenChek
manufactures and distributes hydrogen injection technology that is
primarily focused on mobile transportation applications, as well as
stationary power generation applications. GreenChek manufactures an
emission reducing device simply known as the ERD™, which can be
retrofitted to any vehicle regardless of fuel source. GreenChek
provides innovative world-class mobile Greenhouse Gas (GHG)
emissions reduction technology, while greatly enhancing fuel
economy for the mobile transportation industry. GreenChek’s Onboard
Hydrogen Generation and Injection (OHGI) technology is positioned
to occupy the pre-eminent position in the emerging market for
emissions reduction technology and fuel economy enhancement.
Safe Harbor Statement
Statements in this press release regarding GreenChek’s products,
services, capabilities, performance, opportunities, development and
business outlook that are forward-looking involve and are subject
to known and unknown risks, uncertainties and other factors, some
of which are beyond GreenChek’s control and difficult to predict,
and could cause actual results to differ materially from those
anticipated, expressed or forecasted in the forward-looking
statements. Such risks and uncertainties may include, but are not
limited to: lack of operating history, transitioning from a
development company to an operating company, difficulties in
distinguishing GreenChek's products and services, ability to
manufacture and deploy GreenChek's products, lack of or delay in
market acceptance and fluctuations in customer demand, dependence
on a limited number of significant customers, reliance on third
party vendors and strategic partners, availability of raw
materials, subassemblies and components, ability to meet future
capital requirements on acceptable terms, continuing uncertainty in
the emissions reduction industry and the global economy, compliance
with federal and state regulatory requirements, timing,
availability and success of new technology and product
introductions and the other factors discussed in GreenChek's
filings with the Securities and Exchange Commission.
Greenchek Technology (CE) (USOTC:GCHK)
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