Contact Information: Contact: Carbon Sciences, Inc. Jon Cunningham 1-800-733-2447 x107
Carbon Sciences, Inc. Begins Trading Under Symbol CABN
| Source: Carbon Sciences, Inc.
SANTA BARBARA, CA--(Marketwire - September 27, 2007) - Carbon Sciences, Inc. (OTCBB : CABN ), the
developer of a breakthrough technology to transform earth destroying carbon
dioxide into earth friendly carbon products, today announced that the
company's shares have been approved for trading on the NASD's
Over-the-Counter Bulletin Board market under the symbol CABN.
"We are very excited to go forth under our new trading symbol, CABN," said
Derek McLeish, the Company's President and CEO. "Current shareholders and
potential new investors can use the symbol to obtain our trading and
financial information, as well as getting news about our company's
developments and accomplishments."
Carbon Sciences is developing an innovative, patent-pending technology that
can transform carbon dioxide ("CO2") into useful carbon products that can
be used in building materials, paper, plastics, fertilizers and other
industrial applications. By applying its technology at the source of CO2
emission, such as coal-fired power plants, factories and fuel refineries,
Carbon Sciences intends to transform CO2, a harmful waste product, into
useful products for industrialization.
CO2 is a major greenhouse gas that contributes to global warming. In 2005
there were 25 billion metric tons of CO2 released into the atmosphere. That
amount is projected to grow to 34 billion metric tons by 2015.
Approximately one third of that is from the combustion of coal for the
production of electricity. As bad as it is for the environment, the growing
number of new coal-fired power plants is seemingly unstoppable to
accommodate global industrialization. For example, China is on track to add
over 500 new coal-fired power plants, nearly half the world total of plants
expected to come online over the next decade, at an average of almost one
per week. The United States is on track to add 155 new coal-fired power
plants as well.
"Existing strategies deal with CO2 emissions by capturing CO2 and
sequestering, or burying, them in underground geological formations and the
ocean floor," stated Mr. McLeish. "We believe that these are potentially
dangerous solutions. Using our carbon transformation approach, we can offer
a safer and more valuable solution to the world. At Carbon Sciences, we
believe that by applying the best minds and innovative technology to the
problem of human induced global warming, we can be a positive force in
healing the Earth and making it a better place for our grandchildren and
their grandchildren."
About Carbon Sciences, Inc.
Carbon Sciences, Inc. is developing an innovative technology to transform
earth destroying carbon dioxide (CO2) into earth friendly carbon products.
We call this breakthrough GreenCarbon™ Technology. By eliminating
harmful CO2 from human created sources, such as power plants and industrial
factories, we will help reduce global warming. By transforming harmful CO2
into useful carbon products, such as building materials, our patent-pending
technology will help create environmentally friendly products and
industries. To learn more about the Company, please visit our website at
http://www.carbonsciences.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or achievements
could differ materially from those contemplated, expressed or implied by
the forward-looking statements contained herein, and while expected, there
is no guarantee that we will attain the aforementioned anticipated
developmental milestones. These forward-looking statements are based
largely on the expectations of the Company and are subject to a number of
risks and uncertainties. These include, but are not limited to, risks and
uncertainties associated with: the impact of economic, competitive and
other factors affecting the Company and its operations, markets, product,
and distributor performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently; and other
factors detailed in reports filed by the Company.