TORONTO, Oct. 25 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) today
announced that it issued 157,037 stock options under the 2007 Company Stock
Option Plan, with exercise prices varying from $0.60 to $2.24 for the addition
of its new Board member and the previous renewal of employment and investor
The Company issued 37,037 options to Travis Bradford, a new member
recently added to the Board of Directors with an exercise price of $0.60,
60,000 options to an Officer of the Company with an exercise price of $2.24,
30,000 options to an Officer of the Company with an exercise price of $1.90
and 30,000 options to Bristol Capital Ltd. with an exercise price of $0.85.
Hy-Drive is an energy technology firm that has developed a proprietary,
patented hydrogen generating system. The Hy-Drive system generates and injects
hydrogen gas into a regular internal combustion engine, enhancing the
combustion process by allowing fuel to burn more efficiently and completely.
For further information, visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release may constitute
forward-looking statements. Such statements reflect Hy-Drive's current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Many factors could cause Hy-Drive's actual results,
performance or achievements to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements, including among other things, those which are
discussed under the headings "Risk Factors" and elsewhere in documents that
Hy-Drive files from time to time with securities regulatory authorities.
Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Hy-Drive does not intend, and
does not assume any obligation, to update these forward-looking statements.
The TSX Venture Exchange has in no way approved nor disapproved the
contents of this press release. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Corporate Information: Tom Brown, President &
CEO, Tel: (905) 542-3024 x222, firstname.lastname@example.org