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 Re: Greenchek Technology, Inc. - GCHK
I am hearing from friends on trading desks that something could be in the works over at GCHK. Judging by the huge upside volume from a couple days ago, they may be on to something.
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Re: Greenchek Technology, Inc. - GCHK
Thursday, November 13 2008 6:00 AM, EST
GreenChek Signs Strategic European Distribution Agreement
Business Wire *** "US Press Releases "
SAN FRANCISCO --(BUSINESS WIRE)--
GreenChek Technology Inc. (OTCBB:GCHK), a leading globally focused provider of hydrogen based technology for mobile transportation and stationary power generation applications, reported today that they have signed a strategic European distribution agreement with Technical Environmental Solutions Europe Ltd. (TESEL). TESEL is a world-class and world-renowned distribution Company focused in Europe . The November 4, 2008 , announcement of the Letter of Intent has been finalized by both parties.
GreenChek manufactures an emission reducing device simply known as the ERD 1.0, which can be retrofitted to any vehicle or combustible engine regardless of fuel source. This device reduces vehicle emissions as well as increases fuel economy.
GreenChek's Chief Strategy Officer, Donald Walling, stated, "We are very pleased to have signed this agreement with TESEL. Our proven ERD addresses the specific needs of multiple verticals in the European transportation industry. The agreement with TESEL marks a major milestone on route to our plan for aggressive global distribution of the ERD unit." Walling added, "Our partnership with TESEL gives us the knowledge and ability to address and navigate complex European Government and intricate European transportation industry needs."
About GreenChek
GreenChek Technology Inc. (GreenChek Technology Inc.) is traded under the symbol GCHK on the OTCBB exchange and is based in San Francisco, California . GreenChek manufactures and distributes hydrogen injection technology which is primarily focused on mobile transportation applications, as well as stationary power generation applications. GreenChek provides innovative world class mobile Greenhouse Gas (GHG) emissions reduction technology, while greatly enhancing fuel economy for the mobile transportation industry. GreenChek's Onboard Hydrogen Generation and Injection (OHGI) technology is positioned to occupy the pre-eminent position in the emerging market for emissions reduction technology and fuel economy enhancement. GreenChek has operations in the United States , Canada , Asia and Europe .
Safe Harbor Statement
Statements in this press release regarding GreenChek's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GreenChek's control and difficult to predict, and could cause actual results to differ materially from those anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing GreenChek's products and services, ability to manufacture and deploy GreenChek's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the emissions reduction industry and the global economy, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GreenChek's filings with the Securities and Exchange Commission .
Source: GreenChek Technology Inc.
All my comments are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here.
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Re: Greenchek Technology, Inc. - GCHK
Nice day for GCHK up 8% volume was 344,539 The chart and the bottom indicators still look good.
[IMG] [/IMG]
All my signatures are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on.
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Nearly 100% in a week!
After hitting a low of $0.43, shares of GCHK rallied as high as $0.80....a nearly 100% return ! This stock is still far from overbought and with the recent MACD crossover, we could see significantly higher prices in the intermediate-term. This stock should accumulated on any weakness.
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Re: Greenchek Technology, Inc. - GCHK
GreenChek Technology, Inc. manufactures and distributes hydrogen injection technology devices that primarily focus on mobile transportation applications and industrial generative power applications. It also provides mobile greenhouse gas emissions reduction technology. The company's Onboard Hydrogen Generation and Injection technology is used for emissions reduction technology and fuel economy enhancement in trucks, locomotives, and automobile engines. It has operations in the United States, Canada, Asia, and Europe. The company, formerly known as Ridgestone Resources, Inc., was founded in 2006 and is headquartered in San Francisco, California.
GCHK News:
November 13 - GreenChek Signs Strategic European Distribution Agreement
GreenChek Technology Inc. (OTCBB: GCHK), a leading globally focused provider of hydrogen based technology for mobile transportation and stationary power generation applications, reported today that they have signed a strategic European distribution agreement with Technical Environmental Solutions Europe Ltd. (TESEL). TESEL is a world-class and world-renowned distribution Company focused in Europe. The November 4, 2008, announcement of the Letter of Intent has been finalized by both parties.
GreenChek manufactures an emission reducing device simply known as the ERD 1.0, which can be retrofitted to any vehicle or combustible engine regardless of fuel source. This device reduces vehicle emissions as well as increases fuel economy.
GreenChek's Chief Strategy Officer, Donald Walling, stated, "We are very pleased to have signed this agreement with TESEL. Our proven ERD addresses the specific needs of multiple verticals in the European transportation industry. The agreement with TESEL marks a major milestone on route to our plan for aggressive global distribution of the ERD unit." Walling added, "Our partnership with TESEL gives us the knowledge and ability to address and navigate complex European Government and intricate European transportation industry needs."
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Re: Greenchek Technology, Inc. - GCHK
GCHK just broke the 50 day MA line resistance of .45 a very bullish move imo Lets see if we can stay over the 50 MA line for the next leg up. Next resistance is .51 .60 and .74
GCHK News
GreenChek Receives First European Order - Potentially Worth 8.8 Million Euros Over Four Years
Tuesday February 10, 7:00 am ET
SAN FRANCISCO--(BUSINESS WIRE)--GreenChek Technology Inc., a leading globally focused provider of hydrogen fuel cell technology is proud to announce that it has received the first order from United Kingdom distributor, TESEL.
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TESEL expects to commence ERD installations for commercial transportation vehicles in the second quarter of 2009.
Preliminary forecasts, estimate TESEL will install 2200 units over the next four years for a total value of 8.8 Million in gross revenues.
“We are pleased to begin our European launch,” stated Lincoln Parke, President of GreenChek. “Worldwide emphasis on emission reduction technologies, Green government tax incentives, along with our “8% Fuel Saving Guarantee” is expected to continue to spur economic growth and create commercial demand for our renewable energy product line throughout Europe in 2009 and beyond.”
About GreenChek
GreenChek Technology Inc. (www.greenchektech.com) is traded under the symbol GCHK on the OTCBB exchange and is based in San Francisco, California. GreenChek manufactures and distributes hydrogen injection technology that is primarily focused on mobile transportation applications, as well as stationary power generation applications. GreenChek manufactures an emission reducing device simply known as the ERD™ 1.0, which can be retrofitted to any vehicle regardless of fuel source. GreenChek provides innovative world-class mobile Greenhouse Gas (GHG) emissions reduction technology, while greatly enhancing fuel economy for the mobile transportation industry. GreenChek’s Onboard Hydrogen Generation and Injection (OHGI) technology is positioned to occupy the pre-eminent position in the emerging market for emissions reduction technology and fuel economy enhancement. GreenChek has operations in the United States, Canada, Asia and Europe.
About TESEL
TESEL (Technical Environmental Solutions Europe Limited) a London, UK based company specializing in the distribution, promotions and marketing of leading environmental emissions reduction technologies for the European commercial transportation industry. http://tesel.eu
Safe Harbor Statement
Statements in this press release regarding GreenChek’s products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GreenCheks's control and difficult to predict, and could cause actual results to differ materially from those anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing GreenChek's products and services, ability to manufacture and deploy GreenChek's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the emissions reduction industry and the global economy, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GreenChek's filings with the Securities and Exchange Commission.
Contact:
Windfall Communications, LLC
Trevor Justus,
All my signatures are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on.
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Re: Greenchek Technology, Inc. - GCHK
Very nice finish for GCHK up 16% on nice volume Lets see if we can get through the .51 and .60 areas tomorrow.
All my signatures are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on.
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Re: Greenchek Technology, Inc. - GCHK
Not the finish that we hoped for today but we had a couple of other very hot penny plays today that i believe may have taken some focus away from GCHK, However GCHK did hold strong today and closed above the 50 MA line
Keep this one on radar imo.
All my signatures are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on.
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Re: Greenchek Technology, Inc. - GCHK
GreenChek Technology Inc. (GCHK.OB) Announces Manufacturing Expansion
GreenChek Technologies Inc., a provider of hydrogen fuel cell technology for commercial transportation and stationary power generation applications, announced yesterday after the closing bell that Tianjin Sherma in Tianjin, China has committed a 4,000 square foot facility for the manufacture of GreenChek’s ERD technology. Management expects the new state-of-the art manufacturing plant to be operational in eight weeks.
With a determined production capacity of 1,050 units per production line per month, GreenChek Technologies will be able to generate roughly $50.4 million dollars in annual revenue per production line, at full capacity, at current prices. Management believes that its projected sales forecast and marketing initiative in North America, combined with its growing network in Europe, has uniquely positioned the company to benefit from the steadily increasing traditional energy costs and global energy demand.
GreenChek’s President Lincoln Parke stated, “The manufacturing facility in Tianjin, China will enable our company to address the growing demand for emission reduction devices in multiple markets. The new US EPA standards indicate that there is an increasing demand for these devices. The manufacturing facility further illustrates that GreenChek is well positioned at the forefront of this new green economy.”
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