Counsel for New Energy Corporation Responds to Halt in Trading.Business Editors LAS VEGAS--(BUSINESS WIRE)--Jan. 18, 2002 Harmon & Shaikh, Chtd., Corporate Counsel for New Energy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NECO Neco: see Necho. ), an alternative-renewable energy/thermal generator systems provider, responds today to halt in trading of New Energy Corporation's securities by the Securities and Exchange Commission. Adam Shaikh of Harmon & Shaikh, Chtd., corporate counsel for New Energy Corporation, commented, "It is our intention to cooperate with any inquiry into the business and activities of New Energy Corporation by the SEC. We believe we have been diligent in complying thoroughly with all applicable securities rules and regulations, and should this inquiry discover any inadvertent error or omission, it is our intention to correct any such error or omission forthwith." Please direct all inquiries regarding this matter to: Adam W. Shaikh, Esq. Harmon & Shaikh, Chtd., Attorneys at Law 4089 Industrial Road Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada 89103 702/733-0036 ABOUT NEW ENERGY CORPORATION New Energy Corporation is a U.S. solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. generator systems provider deploying the most advanced High Concentration Photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. (HCPV HCPV Hydrocarbon Pore Volume HCPV High Capacity Passenger Vessel HCPV High Concentration Photovoltaics ) technology in the world. The emerging HCPV technology enables the Company to deliver electrical and thermal solar energy generators to residential, commercial, industrial and utility scale end-users on an economic basis superior to all other forms of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. generators and more than competitive with fossil fuel generators. For more information on New Energy please visit their website at www.newenergyco.com. The matters set forth in this news release may contain forward-looking statements. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from expectations. Contributive factors to such differences include those identified in the company's filings with the Securities and Exchange Commission ("SEC"). |
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