[2] Power Efficiency Files with SEC for Full-Reporting Status.Business Editors ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--Oct. 24, 2000 Power Efficiency Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : PREF PREF Prefix PREF Pulse Repetition Frequency ), developers and marketers of advanced energy-saving motor controllers, Tuesday announced that it has filed an application with the Securities and Exchange Commission to become a full-reporting company. "Once that status is achieved," said Stephen Shulman, president, "we will immediately apply for listing on the Nasdaq Bulletin Board." Power Efficiency was previously traded on the Bulletin Board until earlier this year when the SEC mandated full-reporting status for listing on that exchange. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , the company has acquired its major distributor and undergone a change in management. "The full documentation required for the SEC filing, reflecting these actions, has now been prepared and the completed Form 10 filed," Shulman concluded. The company developed its "Power Commander" motor controller, using technology licensed from NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , which has proved capable of reducing the power required to run alternating current electric motors up to 40 percent in numerous applications in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. They are now in use by more than a hundred companies and the Federal government as well, according to Shulman. NOTE: Any statements in this release that are not statements of fact may be considered "forward-looking statements" as that term is defined under U.S. Federal security laws. Forward-looking statements are only predictions and may differ materially from actual events or results. |
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