Energy 1 Corporation (EGOC) published on its website the following news:
23 September 2011
OTC Markets Drops a Sign
We are please to report that we are no longer delinquent with our obligations to report, and that we have finally been recognized by the OTC Markets for bringing all past due reporting periods up-to-date. As a result, instead of a “Stop Sign”, you will now see a “Limited Information Yield Sign”. This may not sound like much, but it is.
Point of fact: We will have to wear the “Yield” until the end of the month as it is a punishment for being delinquent in any period. As we were more than a year behind, we accept the banner (for now). Thankfully, the period is up in exactly seven (7) days; and as the Company reported prior, we are current with our financials up-to and through today, so we will be releasing our Q3 results as soon as possible after the close of the quarter – and as such, the “Yield” will give way to Current Status. We thank everyone for their patience and support during this complicated and lengthly phase.
And on the Middle-East
As reported on Saturday last, we sent out an official proposal – as requested – for a one-month, in-use (meaning, installed) protocol phase for consideration on a series of fleet buses. As we stated then, “We’ll let you know how it goes, but at the moment, we’re very pleased.”
Well, the agent has returned to the States as of today and says we will have an official response next week. We are taking that as good news.
ECOG stock gained 133% on 2fold 10day average volume as of mid-day today
Energy 1 Corporation
Headquarters & Office of the Chairman
315 SE Mizner Boulevard, Suite 202
Boca Raton, FL 33432
Tel: 561 347-6462
Fax: 561 347-6766
Raymond T. Brown II, Chairman
Tel: 561 755-7010
Energy 1 Corporation is a manufacturer of fuel efficiency and emission reduction solutions for retrofit on diesel powered engines. This includes equipment for vehicles as well as constant speed motors.
Energy 1 Corporation manufactures and distributes the ExhausTek & IonTek product lines. The ExhausTek is the world’s first Vortex Field Ionizer (VFI) for emission reduction, replacing two alternative components, the diesel particulate matter filter (DPF) and a NOx trap. Using the IonTek, either alone or in part with the ExhausTek, improves performance, reduces emissions and increases fuel economy.
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