Rotoblock Completes Private Placement of 1 Mil Shares at 50 Percent Over Market Value.
SANTA ROSA, Calif. -- Engine developer Rotoblock (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :ROTB ROTB Running of the Bulls
ROTB Right Off the Bat
ROTB Rise of the Beast (Teh-Ko movie) ) announced today that it has completed a private placement of one million (1,000,000) shares at 50 percent over market value from a private accredited investor Accredited Investor
A term used by the Securities and Exchange Commission (SEC) under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by certain government filings. Also known as "qualified purchaser". .
Proceeds from the private placement are intended for continued development of Rotoblock's patented Oscillating os·cil·late
intr.v. os·cil·lat·ed, os·cil·lat·ing, os·cil·lates
1. To swing back and forth with a steady, uninterrupted rhythm.
2. Piston Engine (OPE a. 1. Open.
On Sunday heaven's gate stands ope.
v. t. & i. 1. To open.
Wilt thou not ope thy heart to know
What rainbows teach and sunsets show?
- Emerson. ). Rotoblock's OPE engine technology uses the principle of rotating opposing pistons in a rotary-style engine that reduces the weight and size of the engine while increasing the output. For more information on the OPE, visit http://www.rotoblock.com. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mr. Chien Chih Liu says that Rotoblock is in discussions with a number of engineering firms to help finalize the development of the engine.
"Rotoblock is in the process of looking for strategic partners from all industries that use small engine technologies and their related components," said Mr. Liu. "My goal is to help put the growth of the company on the right track. I intend to go to China again to help finalize discussions for the development of the Oscillating Piston Engine and to follow up on potential manufacturers."
Rotoblock is focused on the development of leading-edge power train technologies including the development of its patented Oscillating Piston Engine technology. Rotoblock has signed a licensing agreement with OBVIO! Automotoveiculos S.A. of Brazil. The company was incorporated in Nevada and is headquartered in Santa Rosa, California Santa Rosa is the county seat of Sonoma County, California, USA. As of January 1 2007, the population of Santa Rosa was approximately 157,985 residents. Santa Rosa is the largest city in California's Wine Country and fifth largest city in the San Francisco Bay Area, after San . The Company has full rights to the patents of the Oscillating Piston Engine and believes the OPE technology has useful applications in an endless number of areas where its powerful, lightweight, efficient design are in ever-increasing demand. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.