QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Great Wall Builders Ltd. (GWBU) Receives Confirmation Of EURO 40Mln Bank Guarantee From BNL Gruppo BNP Paribas 0 comments
    Jul 5, 2012 10:25 AM | about stocks: GWBU

    Great Wall Builders, operating as "Start Technologies Europe s.r.o.", today announced it received confirmation of a EURO 40 million bank guarantee from Banca Nazionale del Lavoro SPA - Gruppo BNP Paribas (BNL) as part of the company's international distribution Coopsette Soc Coop contract, which Start signed last month for its Start Fuel Efficiency and Emission Device (OTC:FEED) units.

    The contract calls for a minimum purchase of EURO 120 million of the company's Start FEED units in the first three years, with units delivered quarterly.

    Start Technologies Europe, a wholly owned subsidiary of GWBU, will manufacture the units.

    "The BNL Bank Guarantee will allow the company to facilitate the manufacturing and production of the Start FEED units to facilitate the Coopsette order," GWBU president and CEO Daniele Brazzi stated in the press release. "The BNL relationship has opened a world of possibilities for our company. We are very excited to enter the next phase of growth for the company and will continue to provide regular updates to our potential clients and shareholders."

    Start said it soon will file an 8k public disclosure with the Securities and Exchange Commission.

    For more information visit StartTechnologiesCorp.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: GWBU
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.