LOS ANGELES, Jan. 17, 2006 (PRIMEZONE) -- HeartSTAT Technology, Inc. (Pink Sheets:HSTA), has filed an 8K which discloses the acquisition of two additional energy / environmental technologies known as the "Legkow Technology" and the "V003 Technology". The company will also undergo a name change to Verdant Technology Corporation, which will better describe its new technology acquisition and commercialization focus as it moves forward into 2006.
The company has retired 21,000,000 shares pursuant to a previous asset transfer agreement and issued 40,000,000 shares pursuant to a $240,000 debt retirement plan leaving HeartSTAT Technology with no long term debt and with interests in the Legkow Technology, the V003 Technology as well as a minor interest in the HeartSTAT Technology through its Alexis Bio-Medical Technology Partners subsidiary.
The company also announced the resignation of all current management as Mr. David Curd takes over as CEO and Mr. David Over as company President. Mr. Curd has extensive experience in international business administration and has successfully funded and managed ventures across a variety of sectors including media, real estate and telecommunications. Mr. Over has a successful track record in marketing and business development. He has enjoyed notable corporate development achievements through his experience within the media, marketing and communications industries.
About HeartSTAT Technology, Inc.
HeartSTAT Technology, Inc., dba Verdant Technology Corporation, is a technology development company that will be specializing in the energy sector. The company is developing a range of new cutting edge, innovative technologies that will be marketed globally. Verdant Technology Corporation currently has a number of proprietary technologies under development and is preparing to launch the first of these during the first six months of 2006. The company's technologies have the potential to significantly impact global energy markets, whilst offering positive environmental benefits and generating considerable bottom line value.
Statements in this press release are "forward-looking statements". Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, acceptance of the company's products, significant levels of competition for the company and dependence on the performance of the management of the company.