SAN MARCOS, Calif., April 29, 2010 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Other OTC:OMTK) today announced it has filed a Form 10 registration statement with U.S. Securities and Exchange Commission to become a reporting company under the Securities Exchange Act of 1934, which will be effective as of June 28, 2010. As a reporting company, Omnitek Engineering Corp. will be required to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.
"This filing marks yet another milestone for us in terms of validation within the investment community. It is one of the necessary steps the company must take to advance from its listing on the OTCQX to a senior exchange," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
"The filing will allow broader exposure for our company and increase the liquidity of our common stock, fulfilling one of the commitments that we made to our shareholders as a method to enhance shareholders' value," Funk added.
About Omnitek Engineering Corporation
Omnitek Engineering Corp. develops and supplies new natural gas engines, advanced engine management systems for gaseous fuels, and is the manufacturer of a proprietary technology used to convert old or new diesel engines to operate on natural gas or propane. Omnitek Engineering Corp.'s products service both stationary applications (generator sets), the global truck and bus markets, including light commercial vehicles, minibuses, heavy trucks and municipal buses.
Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other "forward-looking'' information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as "anticipates,'' "expects,'' "intends,'' "plans,'' "believes,'' "seeks,'' "estimates,'' and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.