NEW YORK, April 7, 2011 (GLOBE NEWSWIRE) -- SunSi Energies, Inc. (the "Company") (OTCQB:SSIE) today announced that its stock is being traded by market makers who participate in the electronic trading platform of OTC Markets. Shareholders can no longer rely on websites that do not use OTCQB symbols, such as Yahoo's Finance quote. To obtain current news and stock prices, shareholders should go to financial portals that only require "SSIE" as the ticker symbol to be entered without using the ".ob" suffix, or, to:
Due to the recent OTCBB changes, many OTC market-makers have moved to OTC Markets due to cost savings. OTC Markets is an electronic platform. When the last market maker of a particular stock moves from the OTCBB to the electronic platform of the OTC Markets, certain websites such as Yahoo assume the OTCBB stock is abandoned and relegates the stock to "pink sheet" status. This can cause confusion to investors and gives the appearance that the Company's stock isn't trading. SSIE, along with several hundred other companies, have been moved from OTCBB to OTC markets in 2011 due to this change at OTC. SSIE is now quoted as an OTCQB stock according to OTC Markets.
"SunSi is current with its SEC Filings and is a full reporting company," stated David Natan, SunSi's Chief Executive Officer. "We want to assure our shareholders that our business plan to acquire, and expand trichlorosilane (TCS) producing facilities in China, is on track. We expect to announce our operating results for our third fiscal quarter ended February 28, 2011 at the end of next week. "
About SunSi Energies Inc. ("SunSi")
SunSi's goal is to acquire and develop a portfolio of high quality trichlorosilane producing facilities that are strategically located, and possess a potential for future growth and expansion. SunSi now controls approximately 50,000 MT of TCS production which is believed to be the largest TCS only company in China.
Relatively unknown, but essential to the solar industry, TCS is a chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for photovoltaic (PV) panels that convert sunlight to electricity for homes, businesses and farms. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry. It is believed that SunSi will become the first and only "pure play" public company in the world focusing exclusively on the production and sales of TCS.
SunSi Energies Inc. is traded on the OTCQB under the ticker SSIE. For additional information, please visit the Company's website: .
Acorn Management Partners ("Acorn") SunSi's investor relations firm is a leading independent investor relations firm, specializing in shareholder relationships while offering a full range of advisory and operational support to domestic and international companies. Acorn's team of experts is dedicated to building relationships for our corporate clients in the global capital markets giving management the freedom to focus on their strengths and core activities. Acorn has offices in Atlanta, Georgia and London, UK.
This news release contains forward-looking statements related to the future financial condition and results of SunSi's operations. These statements are based on current expectations and estimates about the trichlorosilane markets and industry in which SunSi operates, management's beliefs and assumptions regarding these markets, future growth prospects, becoming immediately profitable, the commencement of generating revenues, completion of the Wendeng expansion plan, completion of the size of SunSi's TCS capacity compared to other Chinese TCS companies, other acquisition transactions and attaining an AMEX listing. These statements are subject to important risks and uncertainties, which are difficult to predict, and assumptions which may prove to be inaccurate. Some of the factors that could cause results or events to differ materially from current expectations include, but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; raising sufficient capital to pay the Wendeng shareholder and fund the expansion of Wendeng to 75,000 MT, attaining the required number of shareholders to meet AMEX listing requirements, the price of TCS sold within China and outside of China, attaining projected revenue of $20-$25 million at Wendeng, the level of production by the Wendeng factory, Baoaki's success in attaining new clients under its distribution agreement and success in implementing productivity initiatives. Some of these factors are largely beyond the control of SunSi. Should any factor impact SunSi in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, therefore, there can be no assurance that the results or developments anticipated by SunSi will be realized or, even if substantially realized, that they will have the expected consequences for SunSi. Readers should not place undue reliance on any forward-looking statements. Furthermore, SunSi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.
CONTACT: Investor Relations: Acorn Management Partners, LLC John R. Exley, III Direct 678-368-4002