Dencor Announces Change of Name to Reliable Power Systems Inc., Ticker Symbol Change to ``RPSI'' and Reverse Stock Split.Business Editors DENVER--(BUSINESS WIRE)--April 12, 2001 Dencor Energy Cost Controls, a designer and manufacturer of energy savings systems and industrial and residential energy management systems, has changed its name to Reliable Power Systems Inc., and its OTCBB OTCBB See OTC Bulletin Board (OTCBB). ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors from "DENC" to "RPSI RPSI Railway Preservation Society of Ireland RPSI Rheinland Pfalz Saar International (horse breed) ." On February 14, Dencor announced a merger with Reliable Power Systems Inc. and stated that the combined company intends to augment the Dencor product line and focus on: 1) power quality and reliability technologies; 2) energy information management technologies; and 3) niche distributive generation. The change in the ticker symbol is in accordance with the announced merger between Dencor and Reliable Power Systems and the adoption of the Reliable Power Systems name. The Dencor name will be retained for use with the existing Dencor product line. The company also reverse split its common stock one (1) for eighteen (18) in accordance with the announced merger. The company now has 10,563,878 common shares and 300,000 Series B redeemable preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. . "We are extremely excited about the prospects for the combined company. We gain more and more traction with our customer base everyday and are hard at work building a company that will reward our shareholders over both the short and long term," said David Mazur, Chief Technology Officer of Reliable Power Systems. "With the recapitalization and repositioning of the company we are well positioned to address the quality power and reliable power needs of old and new economy companies. Power reliability is going to become an increasingly bigger problem and the market is beginning to demand a solution. Reliable Power Systems is positioned to provide those solutions," said Tom Wiens, Chairman of Reliable Power Systems. About Reliable Power Systems Inc. Based in Castle Rock, Colorado The Town of Castle Rock is a home rule municipality that is the county seat of Douglas County, Colorado, United States. Castle Rock is located about 35 miles south of Denver and 40 miles north of Colorado Springs on the Interstate 25 corridor just east of the front range of the , Reliable Power Systems Inc. recently announced a merger into a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dencor Energy Cost Controls Inc. (OTCBB:RPSI). The combined company intends to focus on 1) power quality and reliability technologies; 2) energy information management technologies; 3) niche distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or . |
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