LANGLEY, British Columbia, March 13, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB) today announced an update on its wholly owned subsidiary, Easy Phone, Inc. spinout.
Nitro Lube, Inc. shareholders are reminded that you must be a shareholder of record at 5:00 P.M. EDT Tuesday, March 20, 2007, the effective time to receive the spinout stock dividend. The NASD has been properly notified and new stock certificates are ready to be issued on March 21, 2007. On that date each shareholder of record will be entitled to one share of Easy Phone, Inc. common stock for every four shares of Nitro Lube, Inc. common stock held.
About Easy Phone, Inc.
Easy Phone, Inc. is a development stage cell and satellite telephone sales and leasing company. Easy Phone was formerly a cell phone operation in Las Vegas, NV. The company's address is 4278 South 1400 West, Taylorsville, UT 84123. The company is re-constructing its web site at www.theeasyphone.com. For more information, contact Patrick Day, President at: info@theeasyphone.com.
About Nitro Lube, Inc.
Nitro Lube, Inc. is engaged in the business of manufacturing and worldwide marketing of ultra performance lubricants and fuel conditioners designed to perform in extreme temperatures. All products produced and sold by NLUB contain the revolutionary "PMF 2000" formula. Nitro Lube, Inc. has offices in Langley, BC; Las Vegas, NV; and, Indian Wells, CA. Nitro Lube, Inc. maintains a website at: http://www.nitrolube.com.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nitro Lube, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to expand. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.