Chanaral Resources, Inc. (CRLR) Changes Name to Alkane, Inc., New Trading Symbol ALKN
Submitted by SmallCapVoice.com
Alkane, Inc. (PINK SHEETS: ALKN), formerly known as Chanaral Resources, Inc., today announced it has changed its name and began trading under the symbol ALKN, effective April 3, 2009. The changes better reflect the company’s product development, sales and marketing of alternative fuels and additives that reduce the cost of operating and maintaining vehicles, while reducing emissions and the U.S. dependence on foreign oil.
“Our new name is based in the very chemistry of fuel,” says Mr. Lou Petrucci, Vice President of Sales and Marketing. “Alkanes are a class of hydrocarbons that are characterized as being saturated, stable base materials to build high performance products. In this spirit, Alkane Inc. will develop, produce and sell products that unlock the power and potential of combustion engines, while also making them greener and reducing fuel consumption.”
Alkane’s first product, Monster DieselTM, is a patent pending total fuel additive that boosts diesel fuel to premium levels and satisfies all of a diesel engine’s needs in one product.
In the United States, diesel powered trucks, buses and boats, some 10+ million vehicles, consume 24 billion gallons of fuel at a cost of $50 billion annually. There are diesel additives to address one or more of the issues common to diesel powered engines: fuel mileage, engine power, gelling, deicing, and engine wear. However, none are as powerful and complete as Monster DieselTM.
About Alkane, Inc.
Alkane, Inc. (ALKN.PK) uses patent pending and proprietary methodologies to develop, produce and market a range of fuel and fuel enhancement products. The company’s first product, Monster DieselTM, is a patent pending total fuel additive that boosts diesel fuel to premium levels and satisfies all of a diesel engine’s needs in one product. Among the most important benefits of using Monster Diesel is that it is cost effective for truckers, boaters, bus operators, or home owners who heat with oil. In the same token, it allows the user to reduce their environmental impact and the U.S.’s dependence on foreign oil through reductions in emissions and in consumption of fuel.
Monster DieselTM offers enhanced U.S. energy independence by reducing crude oil dependent diesel fuel consumption by as much as 15%, while using no crude oil or derivatives of crude oil in the making of Monster DieselTM.
Visit MonsterDiesel.com for more product information, news and analysis, and how to order Monster branded products.
Monster DieselTM and its logo are trademarks of Alkane, Inc.
Forward Looking Statements:
Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
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