Great Wall Builders, Ltd. (GWBU) Forms Start Technologies Europe I.G. Subsidiary to Commercialize Start FEED Technology
BOLOGNA, ITALY, May 9, 2012 (Menafn - Marketwire via COMTEX) --Great Wall Builders, Ltd. GWBU ("Great Wall" or the "Company") is pleased to announce that it will be conducting all business operations under the name Start Technologies Europe I.G., a wholly-owned subsidiary of the Company.
As previously announced, Great Wall recently acquired all the assets of dPollution International, Inc. which owned the intellectual property, manufacturing rights, and marketing rights to the Start Fuel Efficiency and Emission Device (FEED) unit, an aftermarket device that improves the combustibility of gasoline or diesel fuels in internal combustion engines. The patent pending fuel-conditioning technology has been shown to reduce polluting emissions and increase engine efficiency/mileage. The Start FEED technology has reached the commercialization stage and the Company continues to test and demonstrate the device with potential clients around the world.
"We are very excited to have completed our corporate transformation and operating under the new Start Technologies Corp. banner will better reflect the direction that we are taking as a technology development company," stated Mr. Daniele Brazzi, President and CEO of Great Wall. "In the coming months, as we move forward with our business plan to commercialize the Start FEED technology, we also intend to intensify our marketing and public relations efforts to raise awareness of our company and patent pending technology within the global investment community. The entire team is eager to move forward with our growth strategy and intends to build the company for the long-term benefit of all our shareholders."
Great Wall Builders, Ltd.
Great Wall Builders, Ltd. (operating as "Start Technologies Europe I.G.") owns the exclusive manufacturing and distribution rights to the Start Fuel Efficiency and Emission Device (FEED), an aftermarket device for internal combustion engines that enhances performance by causing fuel to combust more efficiently and completely. The technology uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules. The patent-pending device produces a number of important benefits, including; lower emissions; reduced fuel consumption; and improved engine performance. The technology can be applied to a variety of different types of engines, both diesel and gasoline powered, heavy equipment as well as consumer vehicles. For more information, visit www.StartTechnologiesCorp.com.
This press release may contain forward-looking statements with respect to business conducted by Great Wall Builders, Ltd. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
SOURCE: Great Wall Builders, Ltd.
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