VANCOUVER, British Columbia, March 14, 2005 (PRIMEZONE) -- Letter To Stockholders:
What's For Free Technologies Inc. (Pink Sheets:WFFT) announced that at the Annual General Meeting held March 7, 2005, management's proposed resolutions were passed, and the incumbent Directors were re-elected to serve the company until the conclusion of the next Annual General Meeting.
The resolutions passed included the special resolution authorizing changing of the company's name from What's For Free Technologies Inc. to Krifter Holdings Inc. or such other name as approved by local authorities. Management will in due course announce the effective date of the change as well as particulars regarding the new post name change CUSIP number for the company's common shares and post name change trading symbol.
Also approved at the Annual General Meeting was the consolidation (reverse split) of the company's common shares on a 15-for-one basis, every fifteen common shares before consolidation being consolidated into one common share. The authorized capital of the company was also approved to be increased to 75,000,000 common shares on a post consolidation basis.
Business Direction Change
On February 16, 2005, the Kyoto Accord came into effect with a view to reducing carbon dioxide and other green house emissions worldwide. 141 countries agreed to the 1997 Kyoto Agreement, many of which have created "Carbon Credits" as a critical component of their Kyoto strategies.
Krifter Holdings Inc. is seeking technologies which can positively impact the environment on a commercial scale in accordance with the Kyoto Accord and which, potentially, could assist industrial companies in gaining access to "Carbon Credits".
At this time, Krifter Holdings Inc. has not identified any such technologies and welcomes approaches from academia, inventors or technology companies seeking partners to develop, advance and commercialize their respective proprietary technologies.
On behalf of the Board of Directors,
Mr. Mark Glusing President
This press release may contain certain forward-looking information and statements concerning the company's operations, performance and financial condition, including, in particular; the ability of the company to attract technologies for development and successfully develop any technologies. These statements are based upon a number of uncertainties and contingencies, many of which are beyond the control of the company. Actual results may differ materially from those expressed or implied by such forward-looking statements. This document is not intended to be and is not an advertisement for any securities of the company.
HTML: http://newsroom.eworldwire.com/wr/031405/11661.htm PDF: http://newsroom.eworldwire.com/pdf/031405/11661.pdf ONLINE NEWSROOM: http://newsroom.eworldwire.com/306255.htm LOGO: http://newsroom.eworldwire.com/306255.htm