Boca Raton, Florida, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Poly Shield Technologies Inc., (OTCBB:SHPR) announces that the Company has completed the corporate registration and has established a wholly owned company in the British Virgin Islands. The Company will begin staffing the engineering and scientific team for the Company's research and development facility scheduled to begin operations next month.
Upon completion of the Company's BVI registration, Chairman and CTO Rasmus Norling commented: "The establishment of the Company's new research and development facility in BVI will open numerous options both in scientific team members and business opportunities, which will greatly contribute to achieving the research and development goals for Poly Shield Technologies."
Poly Shield Technologies Inc., will continue updating the public on the all the Company's projects as it progresses through research, development, testing and implementation.
About Poly Shield Technologies Inc.:
Poly Shield Technologies Inc., develops and markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market.
Poly Shield Technologies Inc.'s proprietary DSOX-15 Fuel
Purification System is a cost-effective technology designed to
remove sulfur from fuel in an effort to meet the
upcoming sulfur emissions regulations due to take effect in 2015.
The technology is currently aimed at the maritime industry
which includes vessels for cruise-line, freight shipping and
tanker companies and can be installed during normal
vessel operation without the need to use expensive dry dock time.
The technology has a worldwide application that is not limited to
the maritime industry.
The Poly Shield's Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics. They were tested and are in use in a number of different industries including marine, aerospace, oil-field, industrial, commercial, and residential applications.
On behalf of the Board of Directors
Rasmus Norling, Chairman / CTO
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Poly Shield Technologies Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Poly Shield Technologies Inc.'s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should any of Poly Shield Technologies Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Poly Shield Technologies Inc.'s forward-looking statements. Except as required by law, Poly Shield Technologies Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Poly Shield Technologies Inc. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
SOURCE Poly Shield Technologies Inc.
For further information about Poly Shield Technologies Inc. please visit the company's website at http://www.Polyshieldtechnologies.com. Or phone us at 800-648-4287