SOURCE: AquaCell Technologies, Inc.

November 06, 2007 12:22 ET

AquaCell Technologies D/B/A GreenCore Technology Announces Financial Statement Audit Continuation

RANCHO CUCAMONGA, CA--(Marketwire - November 6, 2007) - AquaCell Technologies, Inc. D/B/A GreenCore Technology (PINKSHEETS: AQUA), a manufacturer of patented solar powered air conditioners, announced today that it is currently underway with the audits of its financial statements for the years ended June 30, 2006 and 2007 with its recently retained independent registered public accounting firm of KMJ/Corbin & Company.

Kevin Spence, President and Chief Financial Officer of AquaCell Technologies, said, "While we diligently continue with the audit process and expected the process to be completed by this date, the previously announced acquisition of GPM, Inc., a private company, has delayed the completion. We expect the process to be completed in the near future."

About AquaCell Technologies / GreenCore Technology

AquaCell Technologies, Inc. D/B/A/ GreenCore Technology, Inc. is based in Rancho Cucamonga, CA. The Company is focused on developing and marketing environmentally friendly solutions geared towards corporate eco-friendly and sustainability strategies that are also economically accommodating. Pending shareholder approval, AquaCell's name will be changed to GreenCore Technology, Inc.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995.

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; and our ability to use the most current technology for our products.

Contact Information

  • Contact:
    Karen Laustsen
    (909) 987-0456