TORONTO, 04 Feb. 2022 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSXV: NHHH) (OTCQB: NHHHF) (the “Company”) informs its investors of the unauthorized, misleading and potentially manipulative promotion of actions carried out by unidentified third parties. The Company became aware of misleading promotional material on February 3, 2022. The Company, however, is not aware of the full nature and content of the promotional activity, the extent of dissemination or who is behind it- this. The Company is actively considering the matter.
“There has been an anonymous third-party misleading promotion that has come to our attention. It is not endorsed or sponsored by FuelPositive and the information should not be relied upon. This has not affected our trading activity, but we felt it was important to let investors know this was happening. We are taking this step to protect our reputation and prevent investors from being misled,” said Ian Clifford, Chief Executive Officer and Chairman of the FuelPositive Board of Directors.
FuelPositive has an ongoing agreement for investor relations services with RB Milestone Group, which was identified on the company’s website (https://fuelpositive.com/leadership/) and is listed on the TSX Venture Exchange and the OTCQB.
“We’re not saying not to trust all third-party content, as there is positive and balanced media coverage that we want to encourage. But we cannot guarantee the accuracy of information posted by third parties. Investors should only make decisions based on the advice of registered advisers,” added Clifford.
FuelPositive is a growth-stage Canadian technology company committed to providing commercially viable and sustainable “cradle-to-cradle” clean technology solutions, including green ammonia (NH3), for use in a wide range of industries and applications.
By focusing on clean and economically beneficial/feasible technologies, the Company aims to change the course of climate change through practical solutions that can be implemented now.
The company’s core technology, a modular and scalable green ammonia system, takes sustainable air, water and electricity and synthesizes them into a non-polluting chemical for multiple applications, including fertilizer for agriculture, fuel for internal combustion engines and a solution for networked storage. Green ammonia is considered a substitute for fossil fuels and a key enabler of the hydrogen economy.
The Company’s most recent corporate update, presented in November, is available here.
Trading in the Company’s securities should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this press release. The information in this press release about the future plans and objectives of the Company, including the expected expenditure of the proceeds of the private placement, are forward-looking statements. These forward-looking statements are based on assumptions and estimates made by the Company’s management at the time they were made and involve known and unknown risks, uncertainties and other factors that may cause results, performance or actual achievements of the Company are materially different. any future results, performance or achievement expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies may directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied by the forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans regarding the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material differences between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
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