CENTENNIAL, CO -- (Marketwire) -- 09/08/10 -- Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the 'Company') announced today that its majority-owned subsidiary, AlumiFuel Power International, Inc. ('AlumiFuel International'), has completed its listing on the Deutsche Börse-Frankfurt Stock Exchange. The stock, trading under the symbol ('9AP'), has begun initial trading in the Open Market segment. The Company owns 40,000,000 shares of AlumiFuel International common stock.
AlumiFuel International is operated by the same management team as the Company's wholly-owned operating subsidiary, AlumiFuel Power, Inc. ('API'), based in Philadelphia, Pennsylvania, and is focused on marketing the Company's hydrogen generation products to countries outside of North America. The successful launch of this listing will enable the Company, through AlumiFuel International, to increase global awareness and marketing opportunities for the Company's products while providing additional avenues through which the Company intends to pursue further funding opportunities.
The Frankfurt Stock Exchange, operated by Deutsche Börse AG, is one of the world's largest trading centers for securities. The Frankfurt Stock Exchange facilitates advanced electronic trading, settlement and information systems. Thus, it is able to meet the steadily growing requirements of cross-border trading. Besides traditional floor trading, its fully electronic trading system Xetra® is one of the leading electronic trading platforms in the world. With its launch in 1997, the Frankfurt Stock Exchange succeeded not only in strengthening its own competitive position, it also created attractive framework conditions for foreign investors and market participants. Today, the Frankfurt Stock Exchange is an international trading center as approximately 140 of around 300 market participants come from abroad, while approximately 10,000 companies from over 70 countries trade on the Deutsche Börse.
About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com) is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple niche applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API's hydrogen feeds fuel cells for portable and back-up power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to drive turbine-based underwater propulsion systems and auxiliary power systems, and as the fuel for Flameless Ration Heaters. API has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products. For more news and information on API, please visit www.irgnews.com/coi/AFPW.
About AlumiFuel Power International, Inc.
AlumiFuel International holds a license agreement with the Company and API to market API's hydrogen generation products globally to countries outside of North America.
About AlumiFuel Power Corporation
AlumiFuel Power Corporation operates through its wholly owned subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources. The Company also operates through its majority owned subsidiary, AlumiFuel Power International, Inc., to market its products globally outside of North America.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
AlumiFuel Power Corporation
Thomas B. Olson
The Investor Relations Group (IRG)
Technical Information & Marketing:
3711 Market Street, Suite 950
Philadelphia, PA 19104