Dépêches

GreenChek Technology, Inc. Continues to Evaluate Strategic Opportunities

Dépèche transmise le 4 août 2009 par Business Wire

SAN FRANCISCO--(BUSINESS WIRE)--GreenChek Technology, Inc. (OTCBB:GCHK) announced today that the Company has been actively seeking funding avenues to support its manufacturing operations and provide working capital. The Company has sought out various financing alternatives to increase its liquidity, including debt and/or equity financing. GreenChek has received initial proposals from potential funders and is currently reviewing these proposals with the intention of engaging in further, detailed discussions. GreenChek remains confident that it will secure a long-term, comprehensive financing structure for the Company.

“We will be participating in near future financing as we believe that our hydrogen injection technology is sound, the market is large, the future for this type of technology is very bright and because we want to be an integral part of addressing greenhouse gas emissions and pollution,” comments Lincoln Parke, President of GreenChek.

About GreenChek

GreenChek Technology Inc. is traded under the symbol GCHK on the OTCBB exchange and is based in San Francisco, California. GreenChek manufactures and distributes hydrogen injection technology that is primarily focused on mobile transportation applications, as well as stationary power generation applications. GreenChek manufactures an emission reducing device simply known as the ERD^™, which can be retrofitted to any vehicle regardless of fuel source. GreenChek provides innovative world-class mobile Greenhouse Gas (GHG) emissions reduction technology, while greatly enhancing fuel economy for the mobile transportation industry. GreenChek’s Onboard Hydrogen Generation and Injection (OHGI) technology is positioned to occupy the pre-eminent position in the emerging market for emissions reduction technology and fuel economy enhancement.

Safe Harbor Statement

Statements in this press release regarding GreenChek’s products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GreenChek’s control and difficult to predict, and could cause actual results to differ materially from those anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing GreenChek's products and services, ability to manufacture and deploy GreenChek's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the emissions reduction industry and the global economy, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GreenChek's filings with the Securities and Exchange Commission.