"Corporate Shareholder Agreement Georgia"
Highline Technical Innovations, Inc. Announces Corporate Shareholder Update Friday October 15, 2010 - 08:12 AM EDT Source: Marketwire News Releases Author: Highline Technical Innovations, Inc. Click here to read the original story FARMINGTON, AR -- (Marketwire) -- 10/15/10 -- Highline Technical Innovations, Inc. (PINKSHEETS: HLNT), majority shareholder of Highline Hydrogen Hybrids, Inc., has been notified by the Arkansas Energy Department that HTI was not chosen as a recipient of the Arkansas Green Technology Grant. Charlton Coats, CEO of HTI, stated, "Naturally, we would have welcomed being a recipient of the Arkansas Green Technology Grant. However, being a project geared more toward the automotive industry, it would have held a considerably smaller profit margin for our company. Receiving the grant may have pulled our efforts away from diligently pursuing the agriculture and OTR markets. These are the industries which provide us profit margins that would be the envy of any company. We will continue to pursue any and all future available grants that fit our model, but it should be understood that with the extremely rapid growth we are encountering, our focus and concentration is on opportunities where our profit margins most benefit our objectives and shareholders." Mr. Coats further stated, "Our third quarter financials are completed and will be submitted to OTC Pinksheets as soon as possible. Our third quarter was exceptional and is by far the best quarter we have had to date. We are certain our shareholders will see just how well we have progressed as well as the rapid growth we are experiencing. While it's too early into Q4 to forecast our guidance, we have already started the quarter exceeding our expectations and we are thoroughly on track for another record breaking quarter." HTI is pleased to additionally report, as a result of our greatly increased revenues, that we have completely funded Dong Feng Motors for phase one of our Joint Venture Agreement for the HOSS UTV production. This phase is for implementation of cosmetic tooling, establishing the manufacturing procedure, as well as securing the facility space required for production. Our engineers are already in place and our parts vendors are being finalized and secured. HTI currently has a representative in China ensuring that the progress of the HOSS UTV program goes uninterrupted and possibly even ahead of schedule, while continuing our ongoing development of the remaining joint ventures previously announced. We are further excited to announce that HTI has received this week our USA manufactured Kohler 3 cylinder 32 Horsepower diesel engine that will be offered in our HOSS UTV line with our supplemental hydrogen fuel system onboard. Our R&D engineers are currently fitting the engine into our test UTV's. HOSS UTV's will be the first production UTV to have such technology on board. Because of our extensive ongoing projects, some already announced and many others that we have not yet, we are currently constructing a shareholder mailing that will be sent out very shortly via USPS to all of our shareholders. The purpose of this mailing will be to further disclose to our shareholders more intimately some of the opportunities we have been offered and others we are pursuing, that are not yet publicly disclosed. We are certain our shareholders will be excited as much as we are about the direction we are headed. We encourage our shareholders to be on the watch for this mailing and further company press releases which we hope to release shortly. We welcome all shareholders inquiries, and hope you visit our HTI Dealer at the Sunbelt Ag Expo in Moultrie, Georgia October 19-21, 2010. HTI will also have corporate staff on hand at this event to assist. More information about the Expo can be found at http://www.sunbeltexpo.com/ 1 About Highline Technical Innovations, Inc. HTI is comprised of three subsidiaries, Highline Hydrogen Hybrids, Bo-tie Manufacturing and Hoss Motorsports. Highline Hydrogen Hybrids (HHHI) manufactures performance fuel systems that focus on reducing harmful emission levels to meet and exceed EPA quotas. Its effect on horsepower and fuel economy makes it good to be green. Bo-tie Manufacturing produces high grade aluminum truck beds that supersede conventional steel models. At half the weight, Bo-tie beds provide greater fuel economy or larger payloads. Hoss Motor Sports is focused on the production of OFF-ROAD vehicles that are built to withstand the punishment of every day commercial use and are customized to meet the needs of special interest groups. Contact: Charlton Coats 1-479-267-6000 firstname.lastname@example.org Powered By: FinancialContent Services, Inc. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. By accessing this page, you agree to the following terms and conditions. Conference calls info supplied by OpenCompany Fundamental data supplied by Morningstar Stock quotes supplied by Telekurs USA 2