SOURCE: Red Branch Technologies, Inc.

December 02, 2009 17:08 ET

Red Branch Technologies, Inc. Board Authorizes Internal Investigation Into Irregular Trading Patterns

ASHBURN, VA--(Marketwire - December 2, 2009) - Red Branch Technologies, Inc. (PINKSHEETS: RBTI) announced today that its Board of Directors met today in a special session to authorize the opening of an immediate investigation by its General Counsel, Robert J. Flynn, Jr. Esq., into irregular stock trading patterns and possible "short-style selling" in the company shares.

RBTI's CEO, Jeff Sirianni, says, "We are determined to make a diligent and thorough investigation and to assure market confidence in the business direction that we have undertaken at Red Branch. Keep in mind; nothing has fundamentally changed with our company. We will continue to stay focused on implementing our business model and to aggressively pursue new business."

About Red Branch Technologies, Inc.:

Red Branch Technologies provides sustainable-energy-powered solutions meeting commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications. The company's ability to simultaneously manage multiple renewable energy sources allows Red Branch Technologies powered solutions to stay up and running longer than the competition. Mobility is another differentiating aspect of Red Branch Technologies' solutions.

The company also offers a unique set of security products for military and law enforcement applications where cost/performance represents a critical selection factor. The application areas include Explosive Ordinance Disposal (EOD) robots, vehicular inspection and Unmanned Aerial Vehicles (UAVs).

More detailed information can be found at www.RedBranchTech.com.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

Contact Information

  • Contact:
    Investor Relations
    David Donlin
    Cervelle Group
    Phone: 407-614-5959 ext. 223