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Press Releases
» September
25, 2001
AET Moves Forward With OX2 Engine in Wake of Global Crisis
Updated: Tuesday, September 25, 2001 08:04 AM ET
LOS ANGELES, Sept. 25 /PRNewswire/ -- The Board of Directors, management
and staff of Advanced Engine Technologies, Inc. (OTC Bulletin Board:
AENG) send their prayers and support to the victims and family members
of the terrorist attacks in New York, Washington, D.C. and Pennsylvania.
As the United States investigates the incidents, it is possible this
crisis may have an effect on world oil markets and supplies.
The team at AET stand committed and dedicated in their continued efforts
to develop and bring to the commercial market its innovative OX2 engine
to help address the growing worldwide issue of depleting oil resources
and dependence on fossil fuels to power the world's economy.
"We believe that the OX2 will be one of many solutions corporate
America can provide this great country, in the effort to reduce our
reliance on foreign oil," Carroll Shelby, president and board
member of AET, said.
Information regarding the OX2 engine can be found at www.ox2engine.com.
This release may contain forward-looking statements 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
made 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 technology 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 Securities 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 on its behalf.
For further information, please contact Jason Wonacott or Josh Scneider
of JMPR, Inc., +1-818-992-4353, for Advanced Engine Technologies; or
John Luft of Advanced Engine Technologies, +1-310-914-9599.
SOURCE: Advanced Engine Technologies, Inc.
CONTACT: Jason Wonacott or Josh Scneider of JMPR, Inc., +1-818-992-4353,
for Advanced Engine Technologies; or John Luft of Advanced Engine
Technologies, +1-310-914-9599
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