AuraSource Is Uplisted to the Bulletin Board | 2010-01-05
AuraSource, Inc. (OTCBB: ARAO), a developer of hydrocarbon clean fuel technology, has moved from the Pink Sheets to the OTC Bulletin Board (OTCBB). The Company believes that listing on a more regulated exchange enhances communication with shareholders and ensures corporate transparency. This move is another step towards an attempted formal stock exchange listing.
Eric Stoppenhagen, AuraSource's CFO, stated, "As a fully audited, publicly traded company, we expect to be able to grow our business and establish a more formidable market presence. We believe this move will generate greater interest from retail brokers and institutional investors as well as increase the trading volume and liquidity in our stock."
AuraSource, Inc. is focused on the development and production of environmentally friendly and cost effective industrial energy sources and feedstock used for industrial applications. AuraSource's core technology includes ultrafine grinding and impurities removal processes. Initial industrial applications of AuraSource technology are ultra-fine coal water mixture for heavy oil substitution, and low grade iron ore fine and slimes beneficiation.
For more information about AuraSource, please visit www.aurasourceinc.com.
SAFE HARBOR STATEMENT
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. AuraSource has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect AuraSource's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause AuraSource's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. AuraSource undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.