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| Vision Energy fixes date of 2-for-1 stock split |
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| Monday, 17 July 2006 | |
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Vision Energy Group, Inc. (Pink Sheets:VNGP) announced the effective date for the previously advised (ed: July 7, see previous press release below) forward split will be Wednesday, July 19, 2006.
The company has also reviewed several alternative energy and/or alternative vehicle fuel projects over the past month. Further investigation will be done with the top 3 potential projects, which have been chosen with the intent of taking part in their development and construction. Two of these projects are landfill gas to vehicle grade LNG, and the third project is in future ethanol production.
The following is the original letter to shareholders by Vision Energy Group, Inc. (Pink Sheets:VNGP - News) President & CEO, Russell Smith dated July 7, 2006:
"On June 29, 2006, the Board of Directors and the holders of a majority of the outstanding capital stock of Vision Energy Group, Inc. ("the Company") adopted and consented to a resolution, effective July 7, 2006, by which each issued and outstanding share of Common Stock of the Company shall be changed to and converted into two (2) shares of Common Stock.
An 8K report was filed with the SEC on June 30th, 2006 to this effect.
The Company presently has 11,537,486 shares of common stock issued and outstanding.Due to unforeseen factors, this effective date will be extended for a brief period until the appropriate notice period has elapsed.
A further 8K report will be filed immediately notifying shareholders of the exact effective date when advised.
The Board of Vision Energy Group, Inc. also wishes to advise shareholders that the Company is actively pursuing strategic alliances with various Technical Groups and Energy producing companies.
These Companies have expressed strong interest in joint participation with Vision Energy Group, Inc. in Projects that will utilize Vision Energy Group, Inc. Technology and Know-how in the fields of:
The Board expects to announce details of at least one such project within 90 days".
David Smith, Singapore
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