SOURCE: ADB International Group

May 21, 2010 14:33 ET

ADB International Group, Inc. Announces Name Change, New Symbol (ADBI) and Reverse Stock Split

MIAMI, FL--(Marketwire - May 21, 2010) -  ADB International Group, Inc (PINKSHEETS: ADBI) announces today that FINRA has approved the name change from Centriforce Technology Corporation (Previous symbol: CNFO), assigned the new symbol (ADBI) and approved a reverse stock split of 100 to 1 shares.

ADBI is a holding company that is planning to make investments and acquire companies in green energy industries, emerging technologies and other growing markets. ADBI plans to provide managerial and financial support to allow each subsidiary to concentrate on its specific industry.

"Changing the name to ADB International Group, Inc. will allow the organization to continue our investment in technology and enter into awakening markets including green energy technologies that have tremendous potential for growth and profitability," stated Matthew Schulman, President.

"The reverse stock split of 100 to 1 shares was approved by FINRA and should enable us to strengthen the company and attract more investors," added Mr. Schulman.

ADBI plans to continue to develop and market its advanced desalination process which has been proven to be more efficient than existing technologies either directly or through a wholly owned subsidiary.

Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995 this news release contains forward-looking statements within the meaning of section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements often include words such as expect, hope, anticipate, believes, etc. Forward-looking statements involve both known and unknown risks and uncertainties that may cause actual results and performance to differ materially from those expressed in this press release.

Contact Information

  • Contact:
    Centriforce Technology Corp., Miami, Florida
    Haim Silber
    Email Contact