BURNABY, British Columbia, Feb. 9, 2005 (PRIMEZONE) -- AD Capital US Inc. (Pink Sheets:ADCS) announced today that it is negotiating an equity placement of up to $6.4 million with IBK Capital.
Erik Williams, Senior Vice-President of IBK Capital said, "AD Capital is an attractive opportunity. Environmental technology is in demand. Emissions reductions are desirable. The need for supplementary vehicle emissions reduction technology is evident. The development of the AD platform and business model to the current stage is viewed positively. The interest by potential customers is important. The upside is exciting. The quality of management is noteworthy."
About IBK Capital, http://www.ibkcapital.com
IBK Capital was founded by a group of experienced professionals who had previously worked for many years as investment bankers with Merrill Lynch Canada Inc. IBK Capital is a prominent investment banking firm in North America serving the mining sector. In the past sixteen years, IBK Capital has completed financial advisory activities transactions having an aggregate value of $4.0 billion. In the past eleven years, IBK Capital has raised about $500 million in equity-related funding for junior clients.
About AD Capital US Inc.
The company is attempting to revolutionize the reduction of emissions from vehicle exhaust with an extraordinary device called the Auto Emissions Post Regulator (AEPR). AD Capital US, Inc., is the U.S. licensee of the Auto Emissions Post Regulator technology. AEPR technology utilizes high frequency electrical oxidation to promote ionization and oxidation of the products of incomplete combustion, e.g., carbon monoxide and hydrocarbons, in internal combustion engines. The technology does not rely on high exhaust temperatures, permitting its use in muffler replacements and tailpipe add-ons.
For more information: http://www.adcapitalindustries.com/
Safe Harbor
This press release may contain forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements" Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; and the unpredictable nature of consumer preferences; and other factors . In addition these and other factors may cause financials results to fluctuate from one financial quarter to another. Statements made herein are as of the date of this press release should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.