Energy & Technology Corp. (OTCBB:ENGT) today announced that the company’s Board of Directors approved to issue an additional shares five-for-one forward stock split, in the form of a stock dividend, payable to Energy & Technology Corp. shareholders.

The split will be effective after FINRA approval and should take place on or after January 1, 2010. The company will announce to shareholders in due course the actual date of the stock split and the date of record. When the stock split becomes effective, shareholders of common stock will receive an additional four shares for each share held at the date of record.

ENGT expects that the Board’s action will improve liquidity and trading volume in the company’s stock.

About Energy & Technology, Corp.

As the holding company for Technical Industries, Inc., Energy Pipe, LLC and Energy Threading, Energy & Technology, Corp. (OTCBB: ENGT.OB - News) is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, the latest proprietary technology in non-destructive testing, storage and other products and services.

To learn more about ENGT visit: www.engt.com.

SAFE HARBOR STATEMENT

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2008 and other documents filed by ENGT with the SEC.

For additional information, contact Chris Johnson at 337-984-2000 or at chrisjohnson@engt.com.

Energy and Technology (PK) (USOTC:ENGT)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Energy and Technology (PK) Charts.
Energy and Technology (PK) (USOTC:ENGT)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Energy and Technology (PK) Charts.