FARMINGDALE, N.Y., April 20, 2009 — Cemtrex Inc. (OTC: CTEI), leading provider of energy efficiency Green DCV technologies, announced today that its common stock has begun trading on the OTC Bulletin Board (OTCBB). Cemtrex’s common stock was previously quoted on the Pink Sheets.
“While we have noticed over the past several months that many companies are de-listing from NASDAQ and the OTC BB due to various conditions and circumstances, we are pleased that we have moved up on the listing ladder to the OTC BB from the pink sheets,” said Metodi Filipov, Vice President of Cemtrex. “Although we were at the highest listing level possible for our company on the pink sheets, we have taken this step to increase the Company’s exposure to both investors and market makers and provide a high level of liquidity for both shareholders and institutions and bring an added credibility to our common stock,” continued Mr.Filipov.
Arun Govil, Cemtrex CEO and President, commented, “Cemtrex is an exciting story that matches up very well with the present and future energy and environmental control opportunities we see coming from all around the globe. This move to the OTC BB is a testament to the team effort here at Cemtrex where success is measured not by steps already taken but rather by what we will do tomorrow to secure the company’s future success for all stockholders and employees.”
About Cemtrex
Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. and filtration products for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems. Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to Kyoto protocol and assists project owners in selling of carbon credits globally. The Company’s products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies. Visit the Cemtrex website, http://www.cemtrex.com, for further information.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
Contact Information:
Arun Govil
Cemtrex Inc.
T: 631-756-9116
F: 631-420-4985
agovil@cemtrex.com
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