Cyclone Power Technologies Upgraded to "Current Information" Status on Pink Sheets
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POMPANO BEACH, FL, May 20 (MARKET WIRE) --
Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) announced today that it
has met the "Current Information" requirements for issuing companies under the
rules and regulations of the Pink Sheets OTC Electronic Markets, and its
stock symbol designation has been upgraded to reflect the company's full
disclosure status.
"This has been an important step forward for the company," stated
Cyclone'sCOO, Frankie Fruge. "As we grow our business and shareholder base, we
will
continue open and transparent communication with the investment community. We
take
our Current Information status very seriously and intend to keep it active."
CORPORATE PROFILE
Cyclone holds the U.S. patent, international patent applications, and
exclusive commercial rights to the Cyclone Engine, an environmentally friendly
and highly
efficient external combustion, heat-regenerative engine. Developed by the
company's
President and CEO, Harry Schoell, the Cyclone Engine regenerates (or
recycles) its heat, which allows it to run cleaner, cooler and more
efficiently than traditional internal combustion engines. The Cyclone Engine is
capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel
and propane, and is lubricated with de-ionized water instead of motor oil. By
eliminating many subsystems like oil pumps, radiators, catalytic converters
and fuel injectors, Cyclone Engines are expected to cost less to manufacture,
operate and maintain; however Cyclone Engines are highly scalable and
sufficiently
powerful for applications ranging from lawn equipment and small home
generators to cars, trucks, buses ships and locomotives. The Broward County
EnvironmentalProtection Department recently named Cyclone Power Technologies as
the
"Environmental Business of the Year."
Safe Harbor Statement
This release contains certain "forward-looking" statements, as well as
historical information, involving risks and uncertainties, which are covered
by the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Although we believe that the expectations reflected in these
forward-looking statements are reasonable, we can give no assurance that the
expectations reflected in these forward-looking statements will prove to be
correct. Forward-looking statements include those that use forward-looking
terminology, such as the words "anticipate," "believe," "estimate," "expect,"
"intend," "may," "project," "plan," "will," "shall," "should," and similar
expressions, including when used in the negative. Although we believe that the
expectations reflected in these forward-looking statements are reasonable and
achievable, these statements involve risks and uncertainties and no assurance
can be
given that actual results will be consistent with these forward-looking
statements. Such statements are based on management's current expectations and
are subject to certain factors, risks and uncertainties that may cause actual
results,events and performance to differ materially from those referred to or
implied by such statements. Additionally, the company's actual or future results
may differ materially from those anticipated depending on a variety of factors,
including continued acquisition and maintenance of favorable license
arrangements,
success of market research identifying new product opportunities, successful
introduction of new products and continued product innovation, sales and
earnings
growth, and general economic conditions. Readers are cautioned not to place
undue
reliance on these forward-looking statements, which speak only as of the date
hereof. All forward-looking statements attributable to us are expressly
qualified in their entirety by these and other factors. Cyclone Power
Technologies does not intend to update any of the forward-looking statements
after the date of this release to conform these statements to actual results,
to reflect events or circumstances or to changes in its expectations, except as
may be required by law.
Contact:
Frankie Fruge
Cyclone Power Technologies, Inc.
601 NE 26th Ct.
Pompano Beach, FL 33064
954-943-8721
Copyright 2008, Market Wire, All rights reserved.
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