TSE - listing approval!
Wednesday February 21, 1:57 pm Eastern Time
Press Release
SOURCE: Alternative Fuel Systems Inc.
AFS Receives Conditional Approval for Listing on TSE
CALGARY, Feb. 21 /CNW/ - Alternative Fuel Systems Inc. (CDNX:ATF - news; "AFS" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSE") has conditionally approved the listing of AFS' common shares on the TSE subject to the Company completing the usual filing requirements. The Company's shares will trade on the TSE under the symbol "ATF". Subsequent to the commencement of trading on the TSE, anticipated in March, AFS shares will be delisted from the Canadian Venture Exchange.
"The TSE listing represents another important milestone for the Company" commented AFS president, John C. Anderson. "Over the past twelve months AFS has been sufficiently capitalized, properly staffed and we have commenced construction of a new facility to expand engine testing, research and production capability. With these significant components in place, AFS will be able to accelerate its short-term business plan to commercialize and continue development of our broad product platform. Listing on Canada's senior exchange will expose the company to a broader base of investors as well as heighten awareness of the AFS story in the capital markets".
Acumen Capital Finance Partners Limited acted as sponsor to the Company and continues to work closely with AFS in financial and investment related matters.
Alternative Fuel Systems Inc. is an environmental technology company providing innovative solutions to the global engine exhaust emissions problem. AFS has developed and commercialized electronic engine management technologies that enable diesel and gasoline engines to operate using natural gas. AFS is also at the forefront of research into exhaust aftertreatment technologies and hydrogen-based engine systems. AFS is headquartered in Calgary, Canada and trades on the CDNX as ATF.
The Canadian Venture Exchange Inc. has neither approved nor disapproved of the contents of this news release.
Visit our website at: www.afsglobal.com
For further information
Chris Martin, Vice President, Finance and CFO, Phone: (403) 262-1833, Fax: (403) 237-7441, Email: cmartin@afsglobal.com
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