EL SEGUNDO, CA--(Marketwire - Sep 10, 2012) - Vendum Batteries (OTCQB: VNDB), a battery technology development company, is pleased to announce that it has retained Morningstar Corporate Communications to provide the company with investor and public relations related services. Vendum Batteries expects that Morningstar will assist in generating the required investor and public attention to further develop their breakthrough paper battery technology.
Rune Vind, Vendum's CEO and President, is excited to be working with Morningstar. "We look forward to strengthening our shareholder communications and increasing our visibility to potential investors through this new relationship," he said. "Morningstar will help ensure that meaningful company information will be released in a timely fashion and will be easily accessible to a broad audience."
Chris Dove, president of Morningstar, stated, "We are pleased to be working with Mr. Vind and his team." He sees Vendum's paper battery technology as potentially revolutionary and states that "Morningstar appreciates the opportunity to be a part of the company's development and success."
About Vendum Batteries Inc.
Vendum Batteries has a pending patent on a non-toxic, carbon-based light-weight battery. The paper-thin battery will contain none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. The Vendum Battery will be developed from its current low power capacity, to soon accommodate the ever-increasing global demand for durable battery power for cell phones, iPods, human implants and eventually electrical vehicles etc.
Americans purchase around 5 billion batteries, leaving 146,000 tons of battery waste behind, and given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous. With growing support for the idea of replacing toxic, polluting energy sources with clean, non-toxic and biodegradable resources, there has never been a better time for Vendum's breakthrough technology.
About Morningstar Corporate Communications
Morningstar is a full service investor relations and corporate communications firm specializing in small-cap companies. Morningstar is located in Panama with partners and contacts worldwide. By combining traditional IR with the latest online marketing Morningstar attracts investors and creates value for the shareholders of client companies.
Disclaimer - Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.