PALM BEACH, Florida, November 30 /PRNewswire/ --
Real Logic, Inc., (OTC: RLLC), an Alternative Transportation Vehicle company, advises that its Board of Directors has approved a Resolution for the company to initiate the process for making application to become listed on the London Stock Exchange's AIM Market. Real Logic would file to join the AIM for trading status on that bourse, while concurrently retaining its full trading status in the US. Real Logic, Inc. will appoint an Investment Banker in London, an Investor Relations firm and a 'Nomad' (Nominated Advisor), which is a firm that guides new candidates through the steps required for IPO capital raising and trading of its stock. The Company's expectations are that the listing would be completed within the first or second quarter of 2008, subject AIM's scheduling.
According to Brad Tolley, CEO, "The UK and Europe will love our 'green' vehicles. They are clearly open to making the transition away from high automobile emissions and expensive fuel consumption. Real Logic would be the 'first' Alternative Transportation Vehicle Company to trade on the London Stock Exchange."
President, Michael J. Posner, said, "With the Company's interest in selling our products worldwide, enabled with our new International Licensing Program, it only makes sense to get wider international market exposure and the AIM facilitates that for us. We should benefit from increased visibility and with this additional exposure."
Real Logic, Inc., (RLLC.OB) through subsidiaries, is developing alternative transportation vehicles, both fuel efficient, low emissions, and electric, for resort, neighborhood, recreational purposes, off-road safari, security patrol, construction, farm utility, and developing countries. For more information, please visit: http://www.reallogic.net.
This news release may contain forward-looking statements under the provisions of the Private Securities Litigation Act of 1995, as amended, that are subject to inherent risks or uncertainties. These risks and uncertainties are described from time to time in the annual, quarterly and other periodic reports filed by the company with the Securities and Exchange Commission.
Media Contact: Real Logic, Inc. 340 Royal Poinciana Way Suite 326B Palm Beach, FL 33480 Tel: +1-561-833-9808 Fax: +1-561-655-5548
Web site: http://www.reallogic.net
Real Logic, Inc., +1-561-833-9808