SOURCE: Carbon Sciences Inc.

Carbon Sciences Inc.

May 03, 2011 16:05 ET

Carbon Sciences Moves to Up-List Its Shares to Trade on a Senior U.S. Securities Exchange

SANTA BARBARA, CA--(Marketwire - May 3, 2011) - Carbon Sciences Inc. (CABN), the developer of a breakthrough technology to make gasoline from natural gas, announced today that it is taking steps to list its shares on a senior U.S. securities exchange.

In a set of moves intended to position the Company for up-listing its shares to a senior U.S. securities exchange, the company's Board of Directors approved a 1-for-40 reverse stock split of its outstanding and authorized common stock and engaged New York City-based securities law firm Sichenzia Ross Friedman Ference LLP to act as legal counsel for this transaction.

According to Byron Elton, Carbon Sciences' CEO, "Sichenzia Ross Friedman Ference, is an extremely experienced securities firm and has recently shepherded several companies through the process of up-listing their shares to senior securities exchanges."

"Graduating to a senior securities exchange is a high priority for our company given the progress we have made in developing our breakthrough natural gas to gasoline technology," said Mr. Elton. "We believe that transitioning to a senior securities exchange is the next logical step in the company's future growth and will allow us to gain exposure and be recognized by a broader segment of the investment community. We have observed that a number of companies that up-listed to U.S. senior securities exchanges, such as the NASDAQ or American Stock Exchange, experienced impressive increases in liquidity and access to capital."

Elton added, "We believe this corporate strategy will help our company maximize its growth opportunities. Our technology will enable nations of the world to reduce their dependence on petroleum by cost-effectively using natural gas to produce cleaner and greener liquid fuels for immediate use in the existing transportation infrastructure. We've made significant progress in our development and have recruited industry-leading scientists from around the world to help advance our technology. We feel strongly that the company's shares will be better represented on a senior securities exchange."

Carbon Sciences' uses a proprietary and robust dry reforming catalyst that transforms methane from natural gas and carbon dioxide into a synthetic gas (syngas), a basic feedstock for producing gasoline and other liquid fuels using conventional gas-to-liquids (GTL) technology.

To learn more about Carbon Sciences' breakthrough technology for making gasoline from natural gas, please visit www.carbonsciences.com.

About Carbon Sciences Inc.

Carbon Sciences is developing a breakthrough technology to make gasoline from natural gas. We believe our technology will enable nations of the world to reduce their dependence on petroleum by cost effectively using natural gas to produce cleaner and greener liquid fuels for immediate use in the existing transportation infrastructure. Although found in abundant supply at affordable prices in the U.S. and throughout the world, natural gas cannot be used directly in cars, trucks, trains and planes without a massive overhaul of the existing transportation infrastructure. Innovating at the forefront of chemical engineering, Carbon Sciences is developing a highly scalable, clean-tech process to transform natural gas into liquid transportation fuels such as gasoline, diesel and jet fuel. The key to this cost-effective process is a breakthrough methane dry reforming catalyst that consumes carbon dioxide. To learn more about Carbon Sciences' breakthrough technology, please visit www.carbonsciences.com and follow us on Twitter at http://www.twitter.com/carbon_sciences and Facebook at http://www.facebook.com/carbonsciences.

Safe Harbor Statement

Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contact Information

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