BEVERLY HILLS, Calif., Aug. 25, 2016 (GLOBE NEWSWIRE) -- SuperBox, Inc. (OTC:SBOX), a Beverly Hills based holding company, today announced that it is changing the names of its newly acquired companies, New Fuel Systems, Inc. and Water Evolution Systems, Inc.
New Fuel Systems, Inc. will be changing its name to SuperBox Holdings Canada, Inc. and Water Evolution Systems, Inc. will be changing its name to SuperBox Environmental Canada, Inc.
“It is important to our corporate branding that all of our subsidiaries carry the SuperBox moniker,” said SuperBox Inc. CEO Russell Stuart. “We are currently ramping up our Canadian Environmental operations and it’s crucial to our stakeholders to maintain cohesive name recognition across our corporate spectrum.”
About SuperBox, Inc.
SuperBox, Inc. is a diversified, multi-national holding company with divisions in Environmental Services, Automotive, Technology, Security & Entertainment. The company is based in Beverly Hills, CA with offices in Vancouver, Canada. SuperBox, Inc. is publicly traded over-the-counter under the ticker symbol SBOX.
To learn more please visit www.superbox.net
CORRECTION: In a press release dated August 11, 2016, SuperBox announced that it had issued 6,946,995 shares of its common stock for 42,472,564 common shares of New Fuel Systems, Inc. and 121,198 shares of its common stock for 174,000 common shares of Electric City Motors Corp., a majority-owned subsidiary of NFS. The updated figures for this acquisition are SuperBox issued 6,874,308 shares of its common stock for 42,472,564 common shares of New Fuel Systems, Inc. and 121,025 shares of its common stock for 174,000 common shares of Electric City Motors Corp., a majority-owned subsidiary of NFS.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Media Contact: SuperBox, Inc. Russell Stuart, CEO Tel: 424-245-8851 Email: firstname.lastname@example.org