PowerSafe Technology Announces 6:1 Forward Stock Split
July 19 2010 - 10:10AM
Marketwired
PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today
that its Board of Directors has authorized a 6:1 forward stock
split and in connection therewith an increase in the number of
authorized shares of common stock to 200,000,000 from 100,000,000.
The split will become effective following shareholder and FINRA
approval. The Board believes that the split could increase
liquidity in the company's shares
About PowerSafe Technology Corp. (PSFT) Based in New York,
PowerSafe Technology Inc. (www.psftinc.com), through its wholly
owned subsidiary ATI (www.ampti.net), seeks to transform the field
of low-level signal detection. The company's patented platform
semiconductor technology has the potential to offer unparalleled
and far-reaching benefits to industries such as medical
diagnostics, drug development, scientific instrumentation and
homeland security. The technology has been successfully used to
develop extremely sensitive detectors of low levels of light and
the company believes its detectors will be used in many existing
applications as well as open up new markets. ATI's technology is
patented to encompass detection of signals other than light, and
could in principle be used to create highly sensitive biological,
radiological, electrical, and chemical sensors.
Forward-Looking Statements This release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions
concerning future events or future performance of PowerSafe and
Amplification. Readers are cautioned not to place undue reliance on
these forward-looking statements, which are only predictions and
speak only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties inherent herein and those set forth in PowerSafe's
SEC filings and such other matters as are contained therein. These
risks and uncertainties could cause actual results to differ
materially from those indicated in the forward-looking
statements.
Contact: PowerSafe Technology Corp. Jack Mayer, Pres.
718-951-8021 Email Contact Avery Kornbluth, COO 718-951-8021 Email
Contact
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