CELEBRATION, Fla., Oct. 8, 2009 (GLOBE NEWSWIRE) -- International Power Group, Ltd. (Pink Sheets:IPWG), a provider of waste-to-energy solutions, including waste-to-energy development and waste-to-energy technologies, announces that the Shareholder meeting currently scheduled for October 14, 2009 at 9:00 AM EST is being held as planned and has NOT been cancelled.
IPWG's CEO John Benvengo stated, "IPWG has been informed by a number of its shareholders, that certain securities brokerage companies and other financial companies have been informing IPWG shareholders that the Shareholder Meeting announced on September 3, 2009 has been cancelled. Be aware that such statement is false. Those entities that have stated the shareholder meeting is cancelled are conveying erroneous information. Indeed, IPWG has never wavered on the Shareholder Meeting date, time, or place and certainly has never mentioned a cancellation of this meeting."
As announced on September 3, 2009, IPWG will be holding its Shareholder Meeting on Wednesday, October 14, 2009 at 9:00 AM EST. We look forward to see our shareholders at this meeting.
About International Power Group, Ltd.
International Power Group, Ltd. is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials. Through the application of these new technologies, solid wastes and hazardous materials can be minimized to their maximum extent while producing significant secondary benefits such as clean energy and clean water. Founded in 2004, IPWG is a publicly traded company, listed on the Pink Sheets.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.