SOURCE: Effective Control Transport, Inc.

June 23, 2008 10:00 ET

Effective Control Transport Reduces Outstanding Shares of Common Stock

LONGUEUIL, QC--(Marketwire - June 23, 2008) - Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com), a software company which specializes in technology that monitors a driver's vigilance and awareness, announced today that the company has elected to decrease the outstanding shares of common stock. This will effectively and immediately reduce the common shares outstanding to 126,903,745.

Raphael Huppe, CEO of Effective Control Transport, stated, "As we prepare for the next phase in our expansion we believe the reduction in common stock is the appropriate thing to do. We believe the reduction in common stock will allow us a better opportunity to up-list to the OTC Bulletin Board. We will provide specifics including the date of the scheduled up-listing on July 2, 2008 after market close. I am especially pleased that we were able to decrease the shares and increase shareholder value for current stockholders."

To learn more about Effective Control Transport, Inc. and the CRAM technology, please visit www.econtroltransport.com.

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information

  • Contact:

    Investor Relations
    Andrew Barwicki
    516-662-9461