Atlanta, GA 5/2/12 (StreetBeat) – Great Wall Builders Ltd., (OTCBB: GWBU) (the "Company" or "Great Wall"), is pleased to announce that the Company has acquired all of the assets of dPollution International, Inc. ("dPollution"). Under terms of the Asset Acquisition Agreement executed on March 19, 2012, the Company will acquire all the assets and intellectual property of dPollution in exchange for 27,306,793 shares of restricted common stock of Great Wall.dPollution has been undertaking the commercialization of the Start Device, an innovative automotive aftermarket device that utilizes high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter, and more volatile molecules. The patent-pending device produces a number of important benefits to combustion engines, including;
-- Lower emissions
-- Reduced fuel consumption
-- Improved engine performance
In conjunction with the acquisition on March 23rd, Mr. Peter Even Bell, the sole officer and director of the Company, tendered his resignation after the election of Mr. Daniele Brazzi to the positions of President and CEO and Mr. Jay Ameida to the position of Director of Operations. Both men were also elected as members of the Board of Directors of the Company.
In a related transaction, Mr. Bell and Mr. Brazzi entered into a Common Stock Purchase Agreement ("SPA") on March 26, 2012, wherein Mr. Bell sold to Mr. Brazzi, 176,000,000 shares of his common stock and agreed to cancel his remaining 37,487,500 shares. Following the transaction there are 349,819,293 common shares of the Company issued and outstanding.
Safe Harbor
This press release may contain forward-looking statements with respect to business conducted by Great Wall Builders, Ltd. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with:
-- The Company's ability to successfully obtain patents for its technology
and the adequacy of such patents;
-- The introduction of competitive technology;
-- The Company's ability to develop, manufacture, license, or sell its
products or product candidates;
-- The Company's ability to enter into and successfully execute any license
and collaborative agreements;
-- The adequacy of the Company's capital resources and cash flow
projections, the Company's ability to obtain sufficient financing to
maintain the Company's planned operations, or the risk of bankruptcy;
-- Other risks that may be described under Certain Risks and Uncertainties
Related to the Company's Business, as contained in the forthcoming
Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
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