Genoil Inc. Selected to Open TSX Venture Stock Exchange and to Present at TSX Venture 50 Spotlight, an Event for the Top Perform
31 Marzo 2011 - 4:55AM
Marketwired
Genoil Inc. (TSX VENTURE: GNO)(OTCBB: GNOLF) ("Genoil") has been
invited to open the market on Thursday, March 31st, with the other
top companies from each sector from this year's Venture 50. David
Lifschultz, CEO of Genoil, is scheduled to be participating in the
opening the TSX Venture stock exchange on behalf of Genoil.
TSX Venture 50 Spotlight
Genoil has also been invited to present at the TSX Venture 50
Spotlight on March 31st in Toronto to members of the investment
community. TSX Venture 50 companies will be presenting to an
audience including portfolio managers, investment bankers, research
analysts and investment advisors. The event will feature award
presentations, Q&A sessions, speaking opportunities and will
conclude with a networking reception. The event will be held at the
TMX Broadcast Centre Gallery, 130 King Street West, Toronto, ON.
Genoil will present at 2.35pm. At 5.30pm, the "Pick of the Street"
will be announced.
The conference will highlight some of the promising companies
selected as part of the TSX Venture 50. Genoil was selected as a
member of the TSX Venture 50 for 2011, which annually ranks
Canada's top 50 emerging companies listed on TSX Venture Exchange.
These emerging companies have proven themselves to be the rising
stars of Canada's public markets.
About the TSX Venture Top 50
TSX Venture 50® is a ranking of strong performers on TSX Venture
Exchange. These promising companies have seen tremendous growth
over the past year, offered remarkable return to their
shareholders, are actively traded in the market and are
well-covered by the analyst community. In short, they have proven
themselves to be the rising stars of Canada's public markets. The
TSX Venture 50 includes the top 10 companies in 5 major industry
sectors that have been identified as leaders in enhancing
shareholder value on Canada's junior stock exchange.
On average, these companies have delivered a return of 260% in
2010. The shares of these companies also enjoy a highly liquid
market with a total of 3.0 billion shares traded over the course of
2010.
The TSX Venture Exchange is a unique incubator of public
companies and the TSX Venture 50 achievements are strong evidence
of the opportunities in this market.
Corporate Update:
Genoil has installed two Crystal Sea Separator, the last on
board a 2,000,000 barrel Middle East based VLCC tanker. The Genoil
team has been working with the client and has been reducing their
operating costs. Genoil is also continuing to work on other
projects in the Middle East for both GHU upgrading business and
Crystal Sea projects and at this stage does not feel that the
recent activity in the region will interfere with any of their
projects. David Lifschultz, CEO of Genoil states "I believe that
Genoil is very close to a contract in the Middle East for both the
Genoil Hydroconversion Upgrader and the Crystal Sea separator".
Genoil Inc. also announced today that the Board of Directors of
the Corporation has approved a grant of an aggregate 4,250,000
options to consultants to acquire up to 4,250,000 common shares of
the Corporation as compensation for services provided. These
options were approved with an exercise price of C$0.20, being above
the closing price of Genoil's shares on the TSX Venture Exchange on
the date preceding this press release. All of the options approved
have a term of five years from the date of grant and vest
immediately. A larger amount of options granted by Genoil had
recently expired.
About Genoil Inc.:
Genoil is a publicly traded Canadian engineering technology
development company headquartered in Edmonton Alberta, with offices
in Calgary, Sherwood Park, New York City, Constanta Romania, and
Dubai & Abu Dhabi. Genoil offers an array of clean tech
petroleum technologies. Committed to sustainability, Genoil
operates two major research facilities located Canada and Romania.
It owns and operates a world class 10 bpd hydroconversion upgrader
located on 147 acres, complete with independent water electrolysis
unit for high purity hydrogen supply, hydrogen compressor,
electrical substation, fired heater, low-pressure separator for
vapor-liquid separation, and a PLC for automated operational
control in Two Hills, Canada. Genoil's research and development
(R&D) personnel develop cutting edge methods and new
breakthrough patents to find solutions to the world's complex
energy problems. Genoil also owns several patents related the GHU,
its water purification, well testing, sand cleaning technologies,
and environmental remediation, and centrifuge technologies. Genoil
has been successful in patenting these new environmental
technologies and with a most recent patent on its sand cleaning
technology. Genoil's shares are listed on the TSX Venture Exchange
under the symbol GNO, as well as on the OTC Bulletin Board under
GNOLF.
For more information on Genoil Inc. visit www.Genoil.ca.
ADVISORY: Certain information regarding the company, including
management's assessment of future plans, strategic partnerships,
operations, financing outcomes and the ability to negotiate a
definitive agreement on terms acceptable to both parties may
constitute forward-looking statements under applicable securities
law and necessarily involve risks associated with an oil and gas
technology development corporation, including competition from
other technologies and the ability to access sufficient capital
from internal and external sources. As a consequence, actual
results may differ materially from those anticipated. The
Corporation assumes no obligation to update the forward-looking
statements or to update the reasons why actual results could differ
from those contemplated by the forward-looking statements.
Additionally, statements included in this release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements involve a
number of risks and uncertainties such as competitive factors,
technological development, market demand, and the company's ability
to obtain new contracts and accurately estimate net revenues due to
variability in size, scope and duration of projects, and internal
issues. Further information on potential risk factors that could
affect the company's financial results can be found in the
company's disclosure materials filed on SEDAR at www.sedar.com and
with the Securities and Exchange Commission.
Neither 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.
Contacts: Genoil Inc. David Lifschultz Chairman & CEO (914)
393-5800 DKLifschultz@genoil.net www.Genoil.ca
Genoil (TSXV:GNO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Genoil (TSXV:GNO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024