Dolphin ACI Completes 2 to 1 Forward Split of its Stock
11 December 2000
Dolphin ACI Completes 2 to 1 Forward Split of its Stock
CHULA VISTA, Calif.--Dec. 11, 2000--BAT International's (OTC:BAAT)(www.baat.com) affiliated company Dolphin Automobile Co. Inc. (Dolphin ACI) announced to its shareholders today a forward split of its stock. All shareholders will receive two shares for every share of stock owned. Management elected to forward split the stock in connection with plans to distribute a private placement memorandum seeking funding for Dolphin ACI.Dolphin ACI is involved in the development of various fuel efficiency and emission control technologies for vehicles and engines. Dolphin ACI is continuing work on its patented Dolphin Pulse Charge technology and is also undergoing the development of emission control and fuel efficiency retrofit devices for diesel engines. The high price of petroleum diesel and concerns about air pollution and Global Climate Change have led to strong interest in the technologies.
BAT International is organized as a holding company with major ownership positions in a set of subsidiary or affiliated companies now commercializing advanced automotive technology products developed by BAT over the last eight years. This includes electric bicycles, super-efficient or high power engines, advanced batteries and lubricant additives, (for information, see www.baat.com). Information about trading prices and volume can be obtained at several internet sites including www.stockmaster.com or www.bloomberg.com under the call symbol "baat".
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the private Securities Litigation Reform Act of 1995. In addition to the factors set forth above, other important factors that could cause actual results to differ materially include, but are not limited to, technical risks association with new technology development, government regulatory approvals and continued working capital. BAT will keep its shareholders timely informed of current developments. Please refer to our web site and other sources for more detailed Company information (Investor Relations, 619/409-8977).