MEMPHIS, Tenn., June 21, 2012 /PRNewswire/ -- ATWEC Technologies, Inc. (OTC Markets: ATWT), a US-based child safety company, today announced that it filed its annual report with the State of Nevada, and received its Certificate of Good Standing, valid through February 28, 2013.
The Company also updated all corporate information with its Nevada registered agent, Incorp Services, Inc., located at 2360 Corporate Circle, Suite 400, Henderson, NV 89074. Both changes went effective on March 19.
The Company then filed an amendment to its certificate of incorporation on April 5, and increased its capitalization by 1,000,000,000 common shares and 100,000 preferred shares so that it could consider additional forms of corporate financing and potential acquisitions. Prior to the amendment, the Company last issued shares in September 2009.
Alex T. Wiley, President & CEO of ATWEC Technologies, stated, "ATWEC is positioning itself for immediate growth, beginning this fiscal quarter, and getting current on the state level enables us to take swift corporate action. The Company has not issued any stock for several years, but with this increase we now have several options to raise much-needed cash and to acquire select targeted assets."
Shareholders and other investors can find the disclosure posted on the OTC Markets website, as well as the Company's website home page, www.atwec.com.
Safe Harbor Statement
This 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 as a result of various factors, and other risks identified in the Company's disclosure information.
All company or product names used are the property of their respective owners and may be the trade marks (TM), service marks (SM), or registered marks (R) of other companies, and are used for information purposes only and to their owners' benefit, without intent to infringe.
About ATWEC Technologies, Inc.:
ATWEC Technologies, Inc. is a child safety and security company, headquartered in Memphis, TN, and has been doing business since 1979. ATWT has developed unique child safety devices which protect children while they are being transported, both to and from schools, events, and homes. ATWT has been issued patent number 7,646,288,B2 by the US patent office, and its business model is associated with legislation designed to mandate these systems for school and other vehicles, on a state-by-state basis. The Company trades on the Pink-OTC Markets under the symbol "ATWT", and the Company's website is www.atwec.com.
ATWEC Technologies, Inc.
Alex T. Wiley, CEO
SOURCE ATWEC Technologies, Inc.