Kabe Exploration, Inc. Enters into Merger Agreement with Emission & Power Solutions, Inc.
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CARLSBAD, Calif. October 14, 2008: Kabe Exploration, Inc (OTCBB:KABX) announced today that it has executed an agreement and plan of merger to acquire all of the outstanding common stock of privately held Emission & Power Solutions, Inc (“EPS”). Closing of the merger is anticipated in October, 2008.
Pursuant to the merger agreement, for every 5 EPS shares held by EPS shareholders, they will receive 1 share of Kabe common stock.
EPS licenses, acquires, develops, deploys, and transfers technologies dedicated to improving fuel economy while reducing environmentally harmful exhaust emissions. Using advanced fuel treatment devices, EPS has incorporated a proprietary multi phase process utilizing engineered flow patterns in order to restructure fuel hydrocarbons, increasing the fuel efficiency and producing a cleaner burn during the combustion cycle of an engine. EPS has many products in development, continues to expand on its patented technologies, and work to help engines run more efficiently and be environmentally sound.
Upon completion of the merger, it is anticipated that the name of Kabe Exploration will be changed to Emission & Power Solutions, Inc.