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IN THE NEWS
Press Releases
» May
15, 2001
Advanced Engine Technologies Files SEC Statement Announcing Appointment
of New Accounting Firm
Updated: Tuesday, May 15, 2001 01:35 PM ET
LOS ANGELES, May
15 /PRNewswire/ -- Advanced Engine Technologies, Inc. (OTC Bulletin
Board: AENG) today announced the filing of an 8-K statement with
the Securities and Exchange Commission pertaining to the appointment
of Los Angeles-based Singer, Lewak, Greenbaum & Goldstein
LLP as the company's accounting firm of record, replacing Neff & Ricci
of Albuquerque, N.M. This change is consistent with the movement last
year to Los Angeles of the company's headquarters and US based engineering
activities.
To ensure an accurate and smooth transition
of this function, AET has also filed an extension with the SEC for
the filing of its third quarter 10QSB. During this extension period,
AET's stock symbol will include an "E," designating its extension filing status.
For the extension period, the stock will be listed as "AENG.E."
To update the investment community and all interested parties about
the progress of the OX2 engine, Advanced Engine Technologies has established
an information hotline at (310) 323-2895.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
This release may contain forward-looking statement involving risks
and uncertainties that may cause actual future events or results to
differ materially and adversely from those described in the forward-looking
statements. Important factors that may cause such a difference for
AET include, but are not limited to, whether our engine products are
viable, whether a market for our products develops, our ability to
retain key management, our ability to hire and retain the technical
personnel necessary to build our products, the availability of funding
for future operating requirements, our ability to effectively predict
or react to rapid technological changes that could render our products
obsolete, product development delays, dependence on suppliers, our
potential exposure to product liability and other tort claims if our
products fail, our ability to protect our intellectual property, intellectual
property disputes, and other factors discussed in AET filings from
time to time with the Security and Exchange Commission. AET cautions
that the foregoing list of important factors is not exclusive. AET
disclaims any obligation to revise or update any forward- looking statement
that may be made from time to time by or on its behalf.
SOURCE: Advanced Engine Technologies, Inc.
CONTACT: Jeff Perlman of JMPR, Inc., 818-992-4353, for Advanced Engine
Technologies, Inc.
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