Rotoblock Completes Private Placement of 1 Mil Shares at 50 Percent Over Market Value.
Proceeds from the private placement are intended for continued development of Rotoblock's patented Oscillating Piston Engine (OPE). 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 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. 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 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.
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|Date:||Jan 10, 2008|
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