WILMINGTON, Del.--(BUSINESS WIRE)-- China Holdings Acquisition Corp. (AMEX: HOL), a special purpose acquisition company, previously announced that its stockholders approved the Company's previously announced proposed business combination with Success Winner Limited, CHAC's target company and the parent entity of Jinjiang Hengda Ceramics Co., Ltd. ("Hengda"). Hengda is a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings. Following the shareholder vote, the two companies completed the business combination. In conjunction with the business combination, CHAC merged into its wholly owned subsidiary and is now called China Ceramics Co., Ltd.
Source: China Holdings Acquisition Corp.
COLORADO SPRINGS, Colo., Nov. 20 /PRNewswire-FirstCall/ -- Genesis Fluid Solutions Holdings, Inc. (OTC Bulletin Board: GSFL), a designer and developer of waterway restoration, mining and paper mill (water) remediation technology and equipment, today announced the completion of a merger transaction and the commencement of its stock trading under the symbol "GSFL" on the OTC Bulletin Board on Monday, November 23, 2009.
In connection with the merger on October 30, 2009, the Company raised approximately $3.5 million through the sale of common stock and warrants. In addition, the Company had previously raised $675,000 through the sale of promissory notes, all of which converted into shares of common stock and warrants in connection with the merger. The proceeds from these financings will be used primarily for equipment purchases, repayment of existing indebtedness and general working capital. After accounting for the merger and financings, the Company currently has 14,971,000 shares of common stock outstanding.
Michael Hodges, President and Chairman of the Company, stated "This represents a major milestone for our company. I am pleased to have completed this transaction, as it enables us to broaden our investor base and create a liquid market for our stock. As a publicly-traded company, we believe that we will be in a better position to take advantage of the growing opportunities emerging in our industry."
About Genesis Fluid Solutions
Genesis Fluid Solutions Holdings, Inc., through its wholly-owned subsidiary, Genesis Fluid Solutions, Ltd. ("Genesis"), is engaged in the design and development of waterway restoration, mining and paper mill (water) remediation technology and equipment. Genesis holds various United States and international patents and patent applications on waterway restoration and remediation technology, and seeks to license such technology and equipment to others, as well as to enter into contracts for the performance of water restoration and remediation. For more information about Genesis, visit www.genesisfluidsolutions.com.
Forward Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
SOURCE Genesis Fluid Solutions Holdings, Inc.
VERNON, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2009) - The BC Assessment Authority has announced plans to close our Vernon and Penticton offices and send our work to Kelowna. The members of CUPE 1767 believe that the services we offer through these public Vernon and Penticton offices are vital to the community.
CUPE 1767 president Kevin McPhail will be addressing Vernon City Council on Monday, Nov. 23 at 1:30 pm and will be in Penticton Tuesday. He will be available to local media to discuss the serious implications of these planned closures.
The 22 employees of BC Assessment are determined to defend the rights of Vernon and Penticton customers to have their assessment needs and questions dealt with locally and if needed, in person. We are determined to continue to support local businesses by keeping our local offices.
FOR FURTHER INFORMATION PLEASE CONTACT:
CUPE 1767
Kevin McPhail
President
250.898.4170
CUPE
Murray Bush
National Communications Rep
778.554.2234
www.cupe.bc.ca
Source: Canadian Union of Public Employees (CUPE) - BC
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2009) - Katabatic Power Corp. ("Katabatic") announced today that the Banks Island Wind Farm proposal, submitted to BC Hydro by North Coast Wind Energy Corp. ("NCWEC"), is one of 47 proposals moving forward in the 2008 Clean Power Call. NCWEC is jointly owned by Katabatic and a subsidiary of Deutsche Bank AG.
"We are pleased with BC Hydro's announcement. This announcement is further evidence of BC Hydro's commitment to the development of cost effective sustainable, clean energy. British Columbia, with its world class renewable energy resources, is ideally suited and well deserving of further investment in the renewable energy sector. We look forward to working in partnership with First Nations and other stakeholders to develop the Banks Island Wind Farm," stated Thomas Bell, President and CEO.
About Banks Island Wind Farm
The Banks Island Wind Farm is situated in the northwest portion of Banks Island, which is approximately 90 km south of Prince Rupert. The uninhabited island is approximately 75 km long and 25 km wide on BC's North Coast. The majority of the proposed wind farm is situated on Crown Land, with a section on the Banks Nii Luutiksm Conservancy. The primary components of the wind farm would occupy approximately 1% of the 10000 hectare wind farm area.
The proposed wind farm and transmission line are located within the traditional territories of the Gitxaala, Lax Kw'alaams and Metlakatla First Nations. Katabatic is committed to working with all three First Nations in order to provide ownership, environmental, economic, employment and training opportunities associated with the project.
To view BC Hydro's press release of November 17, 2009 visit: http://www.bchydro.com/news/articles/press_releases/2009/bchydro_proceeds_with_next_step_of_cpc.html
FOR FURTHER INFORMATION PLEASE CONTACT:
Katabatic Power Corp.
Nolan Thomasson
(604) 658-2046
Fax: (604) 658-2045 (FAX)
nthomasson@katabaticpower.com
www.katabaticpower.com
Source: Katabatic Power Corp.
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 11/20/09 -- Katabatic Power Corp. ("Katabatic") announced today that the Banks Island Wind Farm proposal, submitted to BC Hydro by North Coast Wind Energy Corp. ("NCWEC"), is one of 47 proposals moving forward in the 2008 Clean Power Call. NCWEC is jointly owned by Katabatic and a subsidiary of Deutsche Bank AG.
"We are pleased with BC Hydro's announcement. This announcement is further evidence of BC Hydro's commitment to the development of cost effective sustainable, clean energy. British Columbia, with its world class renewable energy resources, is ideally suited and well deserving of further investment in the renewable energy sector. We look forward to working in partnership with First Nations and other stakeholders to develop the Banks Island Wind Farm," stated Thomas Bell, President and CEO.
About Banks Island Wind Farm
The Banks Island Wind Farm is situated in the northwest portion of Banks Island, which is approximately 90 km south of Prince Rupert. The uninhabited island is approximately 75 km long and 25 km wide on BC's North Coast. The majority of the proposed wind farm is situated on Crown Land, with a section on the Banks Nii Luutiksm Conservancy. The primary components of the wind farm would occupy approximately 1% of the 10000 hectare wind farm area.
The proposed wind farm and transmission line are located within the traditional territories of the Gitxaala, Lax Kw'alaams and Metlakatla First Nations. Katabatic is committed to working with all three First Nations in order to provide ownership, environmental, economic, employment and training opportunities associated with the project.
To view BC Hydro's press release of November 17, 2009 visit: http://www.bchydro.com/news/articles/press_releases/2009/bchydro_proceeds_with_next_step_of_cpc.html
Contacts: Katabatic Power Corp. Nolan Thomasson (604) 658-2046 (604) 658-2045 (FAX) nthomasson@katabaticpower.com www.katabaticpower.com
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