SOURCE: Vendum Batteries Inc.
EL SEGUNDO, CA--(Marketwire - Jul 25, 2012) - Vendum Batteries, Inc. (OTCBB: VNDB) today issued a letter to shareholders from the company's CEO, Rune Vind to share the direction the company will pursue to leverage the strengths of their nano-powered paper battery technology.
Dear Fellow Shareholders,
Over the past year with much hard work Vendum has restructured, regrouped, and is ready to advance our main directive of increasing shareholder value. We have devoted considerable energies to determine the most productive and profitable direction for our company. Our primary goal was to identify key markets to focus our sales and marketing efforts for Vendum's innovative non-toxic paper battery technology.
I am pleased to report we've identified three targeted niches we believe will benefit most from the use of our technology and create the greatest opportunity for our Company.
Details will be released to shareholders and the public shortly. However, here's some of what we hope to accomplish in the upcoming year:
- Execute on the already existing business plan to pursue the niches we've identified.
- Continue to forge relationships with key partners -- aligned with our market focus -- to license Vendum's environmentally safe, nano-battery technology and intellectual properties.
- Consistently report on our progress via news releases so shareholders and the general public know about our achievements.
Thanks for this opportunity to bring you up to date on what's been going on -- and what is planned for the future -- with your company.
Rune Vind, CEO
About Vendum Batteries Inc.
Vendum Batteries is working on developing a non-toxic, Carbon Nanotube based light-weight, rechargeable battery that we intend to market to various industries.
These efforts are based on a patent we acquired for technology that does not use any rare earth metals or toxic metals and instead uses carbon nanotube electrode technology. Our proprietary battery is being designed to be entirely biodegradable, since it will be primarily composed of cellulose.
Vendum plans to license the technology or 'know how' that we develop to third parties who will then develop and commercialize the batteries based upon our licensed technology.
For more information about Vendum Batteries visit our website at: www.VendumBatteries.com
Disclaimer - Forward Looking Statements
This press release 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, and such forward‐looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward‐looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward‐looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10‐K and other filings made by such company.