MRO Magazine

CGE Energy Announces FINRA Approval of Name Change, Symbol Change and Reverse Stock Split

By Business Wire News   


CGE Energy (As of date of this release, MKBY:OTCPink) is pleased to announce that the Financial Industry Regulatory Authority (“FINRA”) has approved the name change of the company from McKenzie Bay International, Ltd. to CGE Energy, Inc., change of stock ticker symbol to “CGEI”, and a 1-25 reverse split of its common stock. The new Cusip Number for the common stock is 125286104.

These corporate actions were announced on today’s daily list and have an effective date of Monday, September 14, 2015. The new symbol will not be effective for 20 business days. As of September 14, the company’s stock symbol will temporarily be “MKBYD”. After 20 business days, the new “CGEI” symbol will take effect. The 1-25 reverse split will be effective as of the open of business on Monday, September 14, 2015.

“Over the past several weeks, FINRA has completed a comprehensive review of McKenzie Bay and CGE Energy as well as its officers, resulting in approval for our requested reverse split and name change,” said Bryan Zaplitny, President/CEO of CGE Energy. “With this milestone behind us, one hundred percent of our efforts can be focused on expanding our no capital cost energy solutions programs and maximizing shareholder value.”

About CGE Energy

CGE Energy is the leading engineer of no capital cost energy solutions. Headquartered in Brighton, Michigan, the company integrates the optimal configuration of renewable energy and energy efficiency technologies to meet their customers unique energy needs. Today the company serves customers in the U.S. and abroad, using energy technologies that include Cree® LED lighting, their patented WIND•e20® wind turbine and SolarWorld® solar generation.

This press release may contain forward-looking statements including statements regarding our expectations, beliefs, intentions or future strategies that are signified by the words “expects,” “anticipates,” “intends,” “believes” or similar language. These forward-looking statements involve risks, uncertainties and other factors. All forward-looking statements included in this press release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Actual results to differ materially from those projected in the forward-looking statements.

CGE Energy
Paul Schneider, 248-446-1344


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