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Advanced Powerline Technologies, Inc., Today Announces the Company Anticipates Moving to the Bulletin Board in the Near Future.
Advanced Powerline Technologies, Inc., Today Announces the Company Anticipates Moving to the Bulletin Board in the Near Future..
About this update from Advanced Powerline Technologies, Inc.
[{"type":"text","content":"Advanced Powerline Technologies, Inc., Today Announces the Company Anticipates Moving to the Bulletin Board in the Near Future.\r\n\r\nWOODWARD, OK -- (PINKSHEETS) - December 16, 2005 -- Advanced Powerline Technologies, Inc., (Pink Sheets: APWL - News) announces today the securities law firm it hired has informed the Board of Directors that the path has been cleared and all necessary items are in place to allow the company to press forward to achieve its goal of moving to the Bulletin Board in the near future. With this good news, the company anticipates moving on to the Bulletin Board by mid to late January 2006. The law firm further informed the company that as with all governmental agencies, the exact time of the transition to the Bulletin Board shall be determined by those entity's final approval and as such this is just an anticipated target date.\r\n \r\nAdvanced Powerline Technologies, Inc.'s principal business focus is to create and develop Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices, products and services. The company's principal products at this time are cellular phones and liquid crystal display (LCD) digital televisions with high definition tuners (HDTV). The company intends on marketing the sales of cellular phones and High Definition Digital Televisions (HDTV) internationally and domestically. Upon the completion of research, development, and the verification of test results of the company's Broadband over Power Line (BPL) and Power Line Communications (PLC) devices, the company intends to utilize the technology within the existing product platforms to enhance their capabilities. Advanced Powerline Technologies, Inc.'s main products will become Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices with the Company's related hardware and system service.\r\n\r\nCertain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and u...