CENTENNIAL, CO — (Marketwired) — 11/18/14 — Early production stage hydrogen generation company AlumiFuel Power Corporation (PINKSHEETS: AFPW) (PINKSHEETS: AFPWD) (the “Company”) announced today the effectiveness of a 1 for 250 share reverse split of its common stock that will take effect as of the market open on Wednesday, November 19, 2014. Beginning with the open of business on November 19, 2014 and for a period of 20 business days, the Company–s common stock will trade under the stock symbol “AFPWD”. The “D” will drop off and the stock will continue to trade under the symbol “AFPW” on the 21st business day.
Holders of shares of the Company–s common stock in certificate form are not required to exchange their certificates with the Company–s transfer agent, however, they are welcome to do so if they wish by contacting the Company–s transfer agent, American Stock Transfer, Inc. at (877) 271-0548.
About AlumiFuel Power Corporation ()
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, NovoFuel, Inc., is an early production stage renewable energy company that generates hydrogen gas and heat through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. The Company–s hydrogen generation feeds fuel cells for backup and portable power, provides lift gas for weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to power fuel cell-based and turbine-based undersea propulsion and auxiliary power systems. In addition, NovoFuel has embarked on a new initiative to design and field hybrid renewable energy solutions for medical marijuana cultivation. The Company has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products.
This news release may contain forward-looking statements that are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company–s progress, business opportunities and growth prospects, they are based on management–s current beliefs and assumptions as to future events. However, since the company–s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company–s filings with the Securities and Exchange Commission.
AlumiFuel Power Corporation
Thomas B. Olson
Corporate Secretary
303-796-8940