Boca Raton, Florida, Oct. 28, 2013 (GLOBE NEWSWIRE) -- Poly Shield Technologies Inc., (OTCBB:SHPR) announces that it is
in the process of establishing a wholly owned subsidiary in the
British Virgin Islands to advance the research, development and
world wide marketing efforts for the DSOX-15 Fuel Purification
System. The Company believes that the establishment of operations
in BVI will allow access to a significantly larger pool of
intellectual assets for its development efforts on the DSOX-15 Fuel
Purification System. The wholly owned subsidiary will have the
added benefit of being physically located in the center of one of
the largest geographical shipping areas governed by the exhaust
emissions regulations. The fact that many ships are flagged in
Caribbean countries and have headquarters located there, should
benefit the Company's marketing efforts.
Rasmus Norling, CTO Chairman stated, "This represents a
strategic research, development and marketing move for the Company.
The move is intended to accelerate the further development of the
DSOX-15 Fuel Purification System and meet the Company's goal of
exceeding the upcoming 2015 emissions regulations".
Poly Shield Technologies Inc., will continue updating the public
on the DSOX -15 Fuel Purification System project as it progresses
through all phases of research, development, testing, installation
to certification.
About Poly Shield Technologies Inc.:
Poly Shield Technologies Inc., develops and markets
environmental, pollution emissions, energy saving, corrosion and
durability solutions to a worldwide market.
Poly Shield Technologies Inc.'s proprietary DSOX-15 Fuel
Purification System is a cost-effective technology designed to
remove sulfur from fuel in an effort to meet the
upcoming sulfur emissions regulations due to take effect in 2015.
The technology is currently aimed at the maritime industry
which includes vessels for cruise-line, freight shipping and
tanker companies and can be installed during normal
vessel operation without the need to use expensive dry dock time.
The technology has a worldwide application that is not limited to
the maritime industry.
The Poly Shield's Fluoropolymer coatings are
formulated specifically for extreme durability reduced maintenance
and enhanced aesthetics. They were tested and are in use in a
number of different industries including marine, aerospace,
oil-field, industrial, commercial, and residential applications.
For further information about Poly Shield Technologies Inc.
please visit the company's website at http://www.Polyshieldtechnologies.com,
or contact us by phone at 800-648-4287 and by email at
info@polyshieldtechnologies.com.
On behalf of the Board of Directors
Rasmus Norling, Chairman
Forward Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects",
"intends", "estimates", "projects", "anticipates", "believes",
"could", and other similar words. All statements addressing product
performance, events, or developments that Poly Shield Technologies
Inc. expects or anticipates will occur in the future are
forward-looking statements. Because the statements are
forward-looking, they should be evaluated in light of important
risk factors and uncertainties, some of which are described in Poly
Shield Technologies Inc.'s Quarterly and Annual Reports filed with
the United States Securities and Exchange Commission (the "SEC").
Should one or more of these risks or uncertainties materialize, or
should any of Poly Shield Technologies Inc.'s underlying
assumptions prove incorrect, actual results may vary materially
from those currently anticipated. In addition, undue reliance
should not be placed on Poly Shield Technologies Inc.'s
forward-looking statements. Except as required by law, Poly Shield
Technologies Inc. disclaims any obligation to update or publicly
announce any revisions to any of the forward-looking statements
contained in this press release. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. No stock exchange, securities commission or other
regulatory body has reviewed nor accepts responsibility for the
adequacy or accuracy of this release. Investors are advised to
carefully review the reports and documents that Poly Shield
Technologies Inc. files from time to time with the SEC, including
its Annual, Quarterly and Current Reports.
SOURCE Poly Shield Technologies Inc.
CONTACT: info@polyshieldtechnologies.com
