SAN DIEGO, Nov. 15, 2006 (PRIMEZONE) -- Ethos Environmental, Inc. ("Public Ethos" or "Company") (OTCBB:VICI), a manufacturer and distributor of a unique line of fuel reformulating products under the name Ethos Fuel Reformulators, is pleased to announce that its common stock will begin trading on a post-reverse-split and name change basis under a new symbol, "ETEV," on the OTC Bulletin Board, effective Thursday, November 16, 2006. The new symbol follows the completion of the Company's reverse merger with Victor Industries, Inc. on November 2, 2006. The post-merger Company's common stock has been assigned CUSIP No. 29765X 10 1.
Pre-merger stockholders of Ethos Environmental, Inc. ("Private Ethos") will receive one share of common stock of the surviving public corporation, Public Ethos, for each share of pre-merger Private Ethos common stock owned by the stockholders. Action Stock Transfer Corporation, the transfer agent for the entity formerly known as Private Ethos and for the new Public Ethos, will be sending out new certificates to all pre-merger Private Ethos shareholders, along with a letter advising the pre-merger Private Ethos shareholders that a Rule 144 Restrictive Legend will be placed on all such new certificates. Information regarding registration rights that may be available to the Private Ethos shareholders will be addressed in the aforementioned letter.
For additional information pertaining to the issuance of the new Public Ethos certificates to the Private Ethos shareholders, click on www.actionstocktransfer.com for the transfer agent's contact information.
"This is a simple step, but a symbolic one," said Enrique de Vilormin, CEO of Ethos Environmental, Inc. "By trading under this symbol, we are further establishing our commitment to the Ethos business model as a public company. This move also extends our presence in the investor community, making it easier to find us, and to follow our progress."
For more information about Ethos Environmental, Inc. click on www.EthosFR.com
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission.