Syngas International (OTCBB: SYNI) Cites Naked Short Position in Company Shares
Thursday April 20, 9:20 am ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 20, 2006 -- Syngas International Corp. (OTC BB:SYNI.OB - News), an emerging leader in the development and production of hydrogen enriched alternative fuels in an environmentally responsible manner, wishes to announce to its shareholders that it has learned of a naked short position in its shares from Buyins.net. Both Buyins.net and NASDAQ Trader included the Company's stock on its short position list for the first time yesterday. Further information is available at www.buyins.net and nasdaqtrader.com.
It appears that the short position in the Company is in violation of SEC Regulation SHO. The Company will update its shareholders as more information becomes available.
About Syngas International Corp: www.syngasinternational.com
Syngas International Corp. (OTC BB:SYNI.OB - News), through its subsidiary, Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. We believe our superior technology will catapult our company into a GREEN POWERHOUSE. With energy prices at high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. Our technology is based on clean renewable energy. We foresee our company poised to benefit from global trends.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "foresee," "revolutionary," "should," "ideal," "extremely," and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Fairchild's filings with the Securities and Exchange Commission, including, without limitation, Fairchild's recent Form 10-KSB and Form 10-QSB, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Contact:
Contact:
Syngas International Corporation
Investor Relations
1-888-646-5611
syngasinternational.com
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Source: Syngas International Corp. |
