Wireless Holdings, Inc. Changes Name to H2Diesel Holdings, Inc. and Changes Trading Symbol to 'HTWO.OB'
November 29 2006 - 8:00AM
PR Newswire (US)
BOCA RATON, Fla., Nov. 29 /PRNewswire-FirstCall/ -- H2Diesel
Holdings, Inc. ("H2Diesel Holdings" or the "Company") announced
today that on November 27, 2006 the Company's name changed from
Wireless Holdings, Inc. to H2Diesel Holdings, Inc. Effective at the
opening of trading on November 29th, H2Diesel Holdings' common
stock will trade on the OTC Bulletin Board under the symbol
"HTWO.OB." The stock previously traded under the symbol "WLHO.OB."
In connection with these changes, the new CUSIP number of the
Company's common stock is 44329Y 10 7. Holders of Wireless Holdings
stock certificates will not be required to exchange them for new
certificates or take any further action. "With our business now
focused on our proprietary bio-fuel that is intended to be marketed
as "bio-diesel" fuel or heating fuel or, alternatively, as a new
class of bio-fuel or fuel additive, the new company name now
reflects the structure and purpose of the Company," said David A.
Gillespie, H2Diesel's President and Chief Executive Officer. "We
are now better positioned to execute our business strategy. We look
forward to what we believe will be a very promising future for the
company, and its stockholders." About the Company H2Diesel is a
development stage company that holds an exclusive license for North
America, Central America and the Caribbean to proprietary
technology for the manufacture of an alternative "bio-fuel" from
domestically produced vegetable oils that is intended to be
marketed as "bio-diesel" fuel or heating fuel or, alternatively, as
a new class of bio-fuel or fuel additive. H2Diesel believes its
bio-fuel can be used directly for home heating and power generation
and also potentially as a motor fuel. The Company further believes
its proprietary bio-fuel will provide a cheaper, renewable
alternative energy source with significantly lower emissions than
traditional fuels and a cleaner and more efficient alternative to
heating oil. H2Diesel's business model calls for the establishment
of bio-fuel production facilities directly and through sublicensing
of its technology to qualified licensees. Forward Looking
Statements This news release contains forward-looking statements.
These forward-looking statements concern the Company's operations,
prospects, plans, economic performance and financial condition and
are based largely on the Company's beliefs and expectations. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different
from any future results expressed or implied by such
forward-looking statements. The risks and uncertainties related to
our business, which include all the risks attendant a development
stage business in the volatile energy industry, including those set
forth in the Company's current report on Form 8-K filed with the
Securities and Exchange Commission on October 26, 2006. These
forward-looking statements are made as of the date of this press
release, and the Company assumes no obligation to update the
forward-looking statements or to update the reasons why the actual
results could differ from those projected in the forward-looking
statements. CONTACT: David Gillespie, President & CEO Carl
Hymans H2Diesel Holdings, Inc. G. S. Schwartz & Co. H2Diesel,
Inc. 212-725-4500 ext. 304 713-973-5720 DATASOURCE: H2Diesel
Holdings, Inc. CONTACT: David Gillespie, President & CEO of
H2Diesel Holdings, Inc., +1-713-973-5720; or Carl Hymans of G. S.
Schwartz & Co., +1-212-725-4500, ext. 304, , for H2Diesel
Holdings, Inc.
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