Dencor Energy Cost Controls Clarifies Name Change, Ticker Symbol Change and Reverse Split.Business Editors DENVER--(BUSINESS WIRE)--March 2, 2001 On February 27, Dencor Energy Cost Controls announced that their 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 was changing from "DENC" to "RPSI RPSI Railway Preservation Society of Ireland RPSI Rheinland Pfalz Saar International (horse breed) " effective March 1. The change in ticker symbol was in accordance with the announced merger between Dencor and Reliable Power Systems Inc., a company focused 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 . At the time of the merger announcement the companies announced that Dencor had filed a DBA to conduct business under the Reliable Power Systems name and the company would reverse split the stock one (1) for eighteen (18). The company petitioned the Nasdaq to change the ticker symbol in order to better reflect the expected name of the combined company. On February 27, the company received approval to change the ticker symbol from "DENC" to "RPSI" effective March 1. On March 1, the Nasdaq informed the marketplace of the ticker symbol change and incorrectly informed the marketplace that the reverse split would also take effect, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. The Nasdaq has informed the company that until Dencor's shareholders approve the name change and the reverse split, the ticker symbol will remain "DENC." The company expects to have the shareholder meeting scheduled within the next 45 days. About Reliable Power Systems Inc. Based in Denver, Reliable Power Systems Inc. recently announced a planned 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 OTCBB See OTC Bulletin Board (OTCBB). :DENC). The combined company intends to focus on 1) power quality and reliability technologies; 2) energy information management technologies; 3) niche distributed generation. For more information about Reliable Power Systems, please contact Matthew Essig at 303/681-9344. About Dencor Founded in 1974 as a designer and manufacturer of energy savings systems, Dencor Energy Cost Controls Inc. manufactures and markets electrical energy cost control devices and equipment which are sold primarily to distributors and dealers 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 Canada. |
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