dPollution International Inc. (RMGX) Update to Shareholders
Marketwire "Press Releases"
MONTREAL, QUEBEC -- (Marketwire) -- 06/22/12 --
dPollution International Inc. (PINKSHEETS: RMGX) (hereinafter the "Company"), has the following update for investors on its current and future business plans and operations.
During the past twelve months, the Company has been reorganizing and evaluating its proprietary technologies. The Company has engaged new leadership, Tony Zhang, to lead the Company and will appoint additional management in the near future. The Company is moving forward strategically to serve the interests of its shareholders. The Company has been previously involved in discussions with numerous organizations to ascertain how to build investor and shareholder value. After considerable analysis, deliberation and evaluation, management has decided to sell one of the Company's two technology assets, which is the asset identified as "Start Scientific" or the "Start Device". Upon conclusion of certain negotiations, the Company is pleased to announce the sale of its patented pending technologies, the Start Fuel Efficiency and Emissions Device (the "FEED" device) to Great Wall Builders Ltd. (OTCBB: GWBU). As consideration therefore, the Company will receive an aggregate 27,360,793 shares of common stock of GWBU for the sale of its FEED device. The Company intends to distribute the 27,360,793 shares of common stock of GWBU to its shareholders as a dividend and will make further announcements as to procedures and timing.
Management intends to focus on the development and marketing of its second technology (the "dPollution Technology"), which is the patented sound-wave, fuel conditioning technology. Management is also pleased to announce that the Company is involved in advanced discussions with new technology companies, public and private, to use the Company's broad network and experience to advance the Company, build its business operations and bring value to its shareholders. In the coming months, the Company anticipates that third-party research validations of its dPollution Technology will substantially escalate demand for its products and open up many new opportunities for sales and expansion.
Further, the Company's goals are to build shareholder value and continue to pursue technologies in sectors that the new management believes will deliver long-term value to the Company and its business operations and to its shareholders.
In addition, the new management intends to file a registration statement on Form S-1 with the Securities and Exchange Commission to address past issues together with audited financial statements to bring transparency to the Company, which will include filing reports under the Securities Exchange Act of 1934, as amended, as a fully reporting company. Management has also discussed with certain market makers the filing of a 15c2-11, which will enable the Company's shares to trade on the OTCQB market.
The Company fully intends to provide continued updates on the Company's operational activities in the coming weeks.
On behalf of the Board of Directors
Tony Zhang, President and Chief Executive Officer
About dPollution International Inc.
dPollution (PINKSHEETS: RMGX) owns the exclusive manufacturing and distribution rights to a patented fuel-conditioning technology that reduces polluting emissions and increases mileage. dPollution's innovative products improve engine performance by causing fuel to combust more efficiently and completely. The technology works on all closed-combustion engines, including those used in cars, trucks, buses, trains and heavy equipment. For more information, visit www.dPollution.com.
Forward looking statements
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Risk factors listed from time to time in its news releases and its filings with the PinkSheet OTC Market Services may impact the Company's actual performance and future results. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.
Contacts: dPollution International Inc. Tony Zhang President & CEO email@example.com www.dPollution.com
Source: dPollution International Inc.