November 12th 2010
Nationwide Safe*T*Propane, Inc. (OTCPK:NSFE) has been working diligently over the past several years to promote its Explosion Suppression Technology around the globe. Market conditions and a lack of adequate capital have made our attempts to globalize Safe*T*Foil® very difficult. In the coming years, we anticipate a continued struggle due to a weak economy and several key fuel related patents expiring.
Nationwide is currently trying to expand the foil technology into other applications, as well as attempting to seek out strategic partners in other industries around the globe that will fit into our culture and assist us with our vision of offering Safe*T*Foil to an international market.
Nationwide is announcing that it intends to begin buying back up to Fifty Million Shares (50,000,000) of the company's outstanding stock on the open market. The company feels that the company's stock, at its current price, is a good investment for the company.
Certain statements in this news release may contain forward-looking statements and or informationwithin the meaning of rule 17B under the securities act of 1933 and rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include among other things, product price volatility, product demand, market competition and risks inherent in the operation of the company.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Disclosure: Long Position
November 12th 2010