SANTA ANA, Calif., June 16 /PRNewswire-FirstCall/ -- Real Paper Displays, Inc. (Pink Sheets: RPPR) is pleased to announce that as of today, June 16, 2010, the Company has changed its name to AquaStar Holdings, Inc. The Company recently announced it had applied for a symbol change in conjunction with a name change, however, recent changes in FINRA regulations no longer require the Company to change the current stock symbol RPPR (Pink Sheets: RPPR).
The name change will better reflect the Company's business model and strategy. AquaStar Holdings, Inc. specializes in helping to build a strong foundation for technologies, like its breakthrough air conditioning technology product line which is making the transformation from the R&D stage to generating revenues. The Company has a management team with years of experience in developing technologies and bringing new products to market.
AquaStar Holdings, Inc., through its wholly owned subsidiary AquaStar Corporation, has designed a completely green air conditioner. AquaStar air conditioners exceed environmental regulations, and set a challenging new standard for ultra-efficiency ratings providing a SEER rating 40+; this means AquaStar will use 60% less electricity than conventional systems. AquaStar's unique air exchange system also purifies the air in your entire house removing all pollen, toxic chemicals, dust and pollutants.
"This is another milestone for the company, the name change better reflects the company's direction and efforts as we continue working with environmentally friendly products and technologies," stated Malcolm Lennie, Chairman of AquaStar Holdings, Inc.
About AquaStar Holdings, Inc.:
AquaStar Holdings, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, AquaStar can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
SOURCE AquaStar Holdings, Inc.