High Velocity Alternative Energy, Inc. Announces Symbol Change and 4 for 1 Forward Stock Split

High Velocity Alternative Energy, Inc. announced that the Company has effectively begun trading under its new symbol “HVAE” on the Pink Sheets OTC. In conjunction to the symbol change, the company executed a Board approved 4 for 1 forward split of its common stock and has commenced trading on a split-adjusted basis under the new symbol. After taking into account the forward split, there are a total of 82,599,636 shares of common stock issued and outstanding as of October 22, 2008

High Velocity Alternative Energy exited bankruptcy this past June and since then the Company has been in the process of executing their business plan. High Velocity Alternative Energy is a holding company that specializes in the refining, blending, packaging, and distribution of middle market petroleum and related products to the automotive and manufacturing aftermarket.

Headquartered in Bedford Park, IL, High Velocity Alternative Energy, Inc. is a holding company that specializes in the refining, blending, packaging, and distribution of middle market petroleum and related products to the automotive and manufacturing aftermarket. These products are sold, both direct and through regional distributors, to retail outlets that include oil change shops, automotive aftermarket chains, gas stations, department stores, and convenience stores. The Company utilizes an innovative technology to capitalize on renewable energy and lubricant resources by recycling spent oils and glycols. High Velocity Alternative Energy’s 40,000 square foot plant is conveniently located outside Chicago with access to interstate and railroad.