TUSTIN, Calif., May 28, 2009 (GLOBE NEWSWIRE) -- ENTECH Products Group, Inc. (Pink Sheets:INCL) today announced several changes to the Board of Directors and current operational management team along with news of the company's revised business plan after being acquired by a consortium of "Green" companies.
According to ENTECH President Robert J. Thompson, "the company has been acquired by an aggressive consortium of 'Green' orientated companies, which already has several North American and International contracts in place for Joint Ventures with major 'Green Technology' products and applications."
Mr. Thompson also commented, "the company will shortly be announcing changes in the current operational management and the Board of Directors, along with the announcement of the company's new Irvine, California based corporate headquarters facility and the release of the company's new website." Mr. Thompson stated the changes become effective today.
The acquiring consortium already has several energy saving and emission reduction technologies in place, some of which evolve from recycled natural waste products.
Based upon these new changes, the company will be proceeding with a name change, request for a new trading symbol, audited financial statements, and filing of a revised 15c-211 to comply with the requirements of a reporting entity.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.