AlumiFuel Power International Inc.
AlumiFuel Power International Inc.: ALUMIFUEL INTERNATIONAL ANNOUNCES PLANS FOR CONTINUED TRADING AND LISTING FOLLOWING CLOSURE OF FRANKFURT STOCK EXCHANGE – FIRST QUOTATION BOARD
AlumiFuel Power International Inc. / Key word(s): Miscellaneous FOR IMMEDIATE RELEASE ALUMIFUEL INTERNATIONAL ANNOUNCES PLANS FOR CONTINUED TRADING AND LISTING FOLLOWING CLOSURE OF FRANKFURT STOCK EXCHANGE – FIRST QUOTATION BOARD PHILADELPHIA, Pennsylvania, 12 December 2012. – AlumiFuel Power International, Inc. ('AlumiFuel International') (Deutsche Börse Frankfurt Stock Exchange '9AP'), announced today its plan for continued trading and listing following closure of the Frankfurt Stock Exchange, First Quotation Board, effective 15 December 2012. The Company has determined that at its current stage of corporate development it will be unable to meet the more stringent and rigorous listing standards for the remaining market segments of the Frankfurt Stock Exchange. Consequently it is currently planning to file an application for listing on the GXG Global Exchange, London. The GXG Global Exchange is a European regulated market under the supervision of the Danish supervisory authorities and is structured in market segments for early stage and smaller companies. The Company's goal is to upgrade at the earliest possible time to the Regulated Market Segment of the GXG that qualifies for a dual listing on the Deutsche Börse and thereby trade on Xetra. Also, in the interim, the Company plans to provide a venue where its shares will be traded through a listing on the non-exchange online trading platform, tickFX (www.tickfx.com). In addition, plans are to engage a German broker to function as an intermediary to optimize operation efficiency.
About AlumiFuel Power International, Inc.
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