CELEBRATION, Fla., Jan. 19, 2010 (GLOBE NEWSWIRE) -- International Power Group, Ltd. (Pink Sheets:IPWG), a provider of waste-to-energy solutions, including waste-to-energy development and waste-to-energy technologies, issued a statement Tuesday that it has no relationship or affiliation of any kind with a British utility known as International Power PLC, which was the subject a recent news release by GDF Suez SA.
We are issuing this press release to correct any confusion or misunderstanding among our investors, that the recent news about International Power PLC, in any way applies to IPWG.
IPWG’s CEO Mr. John Benvengo stated, “Please rest assured that IPWG has no connection with International Power PLC or with the recent news release by GDF Suez SA regarding that company. Moreover, International Power PLC has no connection what so ever with IPWG’s previously announced project in Poland, which is moving forward and we believe will close as scheduled."
About International Power Group, Ltd.
International Power Group, Ltd. is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials. Through the application of these new technologies, solid wastes and hazardous materials can be minimized to their maximum extent while producing significant secondary benefits such as clean energy and clean water. Founded in 2004, IPWG is a publicly traded company listed on the Pink Sheets.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The forward-looking statements are based on current expectations, estimates and projections made by management. IPWG intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. The forward-looking statements in this release include statements regarding the closing of the previously announced transaction in Poland. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or variations of such words are intended to identify such forward-looking statements. All forward-looking statements in this press release are made as of the date of this press release, and IPWG assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements, including the risk that the project may not be concluded when anticipated or produce the benefits anticipated.