|By Marketwired .||
|December 11, 2013 10:46 AM EST||
TAMPA, FL -- (Marketwired) -- 12/11/13 -- Kleangas Energy Technologies, Inc. (OTCQB: KGET) announces that the Company has further decreased its shares by One Billion Fifty Two Million (1,052,000,000) shares of Common Stock. This reduces the outstanding shares to 314,648,358.
The Company President William Wylie stated, "This reduction in shares is a great thing for the Company because we eliminate shares that did not increase shareholder equity, allowing the Green Day acquisition to have less of an impact on the issued shares and improving shareholder equity. We expect to have the acquisition of Green Day completed by December 20, 2013 along with its pending contracts in place."
Kleangas Energy Technologies is a research and development company dedicated to producing alternative clean technologies that promote energy efficiency throughout a wide range of applications. Kleangas designs, develops and markets various technologies including Oxy-Hydrogen on-demand generators, Reverse Fuel Cells, solar to Hydrogen, Welding, Cutting and other products to deliver a clean gas that provides energy savings, emissions reductions, on diesel, natural gas applications or fuel cells. All of our products are designed to assist companies in reducing operational costs, providing a competitive advantage and increasing our customer's profitability. Green Day Technologies Inc. has licensed patented waste heat to electric power generation technology and is works as a co-generator when installed on a primary electrical generator unit and is also powerful enough to serve as a primary energy source. Green Day also has pending contracts to sell refuse and biomass derived pellets which is an alternative to coal burning to produce electricity.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Kleangas or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.