Gold River Productions Inc. (OTC-GRPS) Announces Purchase of AeroQuest Technologies in Share Exchange
May 27 2010 - 12:01AM
Marketwired
John Ohlin, President and Chief Executive Officer of Gold River
Productions Inc. (PINKSHEETS: GRPS), disclosed today that the
business of AeroQuest Technologies, of which he is also President
and Chief Executive Officer and a major shareholder, will operate
its business as a division of GRPS. The current ring tone business
of GRPS will be phased out and will operate as a private company.
At the appropriate time, the corporate name will change to reflect
its only operating division's identity.
AeroQuest Technologies was the winner of the 2007 Stoel-Rives
sponsored Utah Innovations Award for the technology of the year in
the Materials/Chemicals category of the awards. The Company's
technology consists of the manufacture of light weight, extremely
strong, thermoplastic, composite panels that can be formed into a
wide variety of products for many large commercial markets. The
Company will initially focus its marketing efforts in the marine,
recreation vehicle, utility trailer, truck body and photovoltaic
roof segments of the market. AeroQuest Technologies main offices
are in Salt Lake City and it is in the process of securing a
turn-key, state of the art, 210,000 square foot manufacturing
facility in Kansas.
AeroQuest Technologies is also in the process of interviewing
auditors relative to the Company filing a form 10-sb for listing as
a fully reporting company. In the interim, it will file all
disclosures necessary on OTC Pink Sheets.com to inform investors of
its financial and general business information. It is anticipated
that these filings will be completed by June 1, 2010.
Visit the AeroQuest Technologies web site at
www.atpanels.com.
Except for historical information contained herein, the
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the company's actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional financing
and other risks.
Contact: John Ohlin 801-523-2744
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