SOURCE: American Power Corp.

American Power Corp.

January 04, 2011 09:00 ET

Cohen Independent Research Group Issues a "Buy" Rating With a Target Price of $4.40 for American Power Corp.

DENVER, CO--(Marketwire - January 4, 2011) - American Power Corp. (OTCBB: AMPW) ("American Power" or "the Company"), an independent coal exploration company headquartered in Denver, Colorado, is pleased to announce that Cohen Independent Research Group, Inc., one of Wall Street's leading independent research firms, has issued a research report on American Power Corp. with a "buy" recommendation and a Cohen Target Price of $4.40.

To download the full report please visit Cohen Independent Research Group's website, www.cohenresearch.com or visit American Power Corp.'s website, www.americanpowerco.com

ABOUT COHEN INDEPENDENT RESEARCH GROUP
Led by Paul Cohen, Cohen Independent Research Group is one of Wall Street's leading independent research firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney), and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)). For more information, readers can visit the company's website at www.cohenresearch.com

ABOUT AMERICAN POWER CORP.
American Power Corp. is a publicly traded, dynamic energy company based in Denver, Colorado. The Company was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.

American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), in several independent studies, range from 172 million up to 410+ million tons of high volatility bituminous B coal.

American Power Corp. trades on the NASD OTC BB under ticker symbol AMPW. Shareholders are invited to contact investors relations toll free at (800) 537-1110 for further information or visit the Company's website at www.americanpowerco.com.

Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that American Power Corp.'s 29,000-acre leases in Judith Basin County, Montana, have high volatile bituminous B coal in the range of 172 and 410+ million tons. Readers should also refer to the risk disclosures outlined in the Company's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB, and the Company's other disclosure documents filed from time-to-time with the Securities and Exchange Commission available at www.sec.gov

Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this document that SEC's guidelines may prohibit us from including in filings with the SEC.

Contact Information

  • Investor Relations Information:
    Toll Free: 1-800-537-1110
    E-mail: Email Contact