/ CORRECTION - LCTI Low Carbon Technologies Poised for Up-Listing; Looks Toward
OTCQX Market on Heels of Upcoming Quarterly Financial
VANCOUVER, BC -- (Marketwired) -- 04/26/13 -- In the news release,
"LCTI Low Carbon Technologies Poised for Up-Listing; Looks Toward
OTCQX Market on Heels of Upcoming Quarterly Financial Disclosure,"
issued earlier today by Low Carbon Technologies International, Inc.
(PINKSHEETS: LWCTF), we are advised by the company the date at the
end of the first paragraph should read "May 31st, 2013" rather than
"May 31st, 2010" as originally issued. Complete corrected text
LCTI Low Carbon Technologies Poised for Up-Listing; Looks Toward
OTCQX Market on Heels of Upcoming Quarterly Financial Disclosure
Enterprise Value Thought to Approach $200 Million -- Stronger
Exchange Expected to Validate Value
VANCOUVER, BC -- April 26, 2013 -- LCTI Low Carbon Technologies
International, Inc. (PINKSHEETS: LWCTF), a diversified company
focused on the Clean-tech, Construction, Energy & Energy Efficiency,
Environmental, Mining and Real Estate business sectors, announced
today that the company will pursue up-listing to the OTCQX
Marketplace after the next quarterly filing -- expected May 31st,
"The move to the OTCQX will strengthen the investment viability LCTI
currently offers to its investors today," stated Bryan S. Jarnagin
Chairman and CEO. "We strongly believe the feasibility of our
company's value is being grossly underestimated partly due to the
exchange we are currently trading on."
Reporting on the Pink Sheets market is a completely voluntary filing
process which LCTI has committed to. Management feels however, with
preliminarily Year-to-Date numbers of $13mm EBITDA and $10.75mm Net
Income -- increases of approximately 62% and 600%, respectively, from
Fiscal 2012 -- the markets are likely more "apt to respond favorably
when LCTI is trading on the OTCQX," said Jarnagin.
Mr. Jarnagin continued, "What our shareholders must keep in mind is
that each of our technologies is independently valued by a premier
U.S. valuation company. Each of our properties is independently
valued by licensed real estate appraisers. And in both cases, as a
general practice, we look to have these v
verified and accepted by the standing auditor at that time.
Therefore, with confidence I can surely say, if forecasts determine
LCTI will likely have an Enterprise Value approaching close to $200
million dollars by Fiscal year end, I feel inclined to support those
A premier tier of the U.S. Over-the-Counter Market, the OTCQX is home
to such companies as Adidas AG, BNP Paribas, Air France and Akzo
Nobel N.V. People close to the company believe the combination of
current asset valuations and revenues, along with the projected
values of pending projects, Low Carbon Technologies is a good fit for
"We expect LCTI to be in a prime position to initiate a move to the
OTCQX by Fiscal year end [8/13], by at which point, we believe that
today's shareholder, will be the greatest benefactor of tomorrow's
progress," concluded Mr. Jarnagin.
About Low Carbon Technologies International, Inc.
About OTC Markets Group Inc.
This news release contains forward-looking statements. These
statements fall within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "ACT"). Such statements are not
historical facts; including statements about plans and expectations
regarding products and opportunities, demand and acceptance of new or
existing products, capital resources and future financial results --
all forward-looking. Forward-looking statements involve risks and
uncertainties which may cause the Company's actual results in future
periods to differ materially from those expressed. These
uncertainties and risks include changing consumer preferences, lack
of success of new products, loss of the Company's customers,
competition and other factors discussed from time to time in the
Company's filings with the Securities and Exchange Commission. You
can identify forward-looking statements by terminology such as "may,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of these terms
or other comparable terminology. These statements are only
predictions. Other factors may cause the Company or the industry's
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements,
and any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions
or other future performance suggested herein. Except as required by
applicable law, including the securities laws of the United States,
the Company does not intend to update any of the forward-looking
statements to conform these statements to actual results.
You should independently investigate and fully understand all risks
before making investment decisions.
For further information, please contact:
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