Tarpon Springs, FL, September 15, 2018 --(PR.com
)-- Recently, Thunder Energies Corporation principals requested that the Securities and Exchange Commission change the Standard Industry Code (SIC) for the Company in the SEC's EDGAR system and for the Company's future public filings with the SEC. The Company requested that its SIC Code be changed from "6770 Blank Checks" to "3559 Special Industry Machinery NEC." On September 10, 2018 the Company was notified by the SEC that its request had been granted and that its SIC Code would be changed to the 3559 SIC upon its next public filing with the SEC. Accordingly, with this Code change, the Company will no longer be considered a Blank Check entity, also called Shell, in the SEC's EDGAR system.
Dr. Santilli states: "I am pleased to see that the Security and Exchange Commission has granted the upgrade of our company to 3559 Special Machinery NEC, following the preceding upgrade to the OTC:QB trading platform. In fact, these upgrades are pre-requisites to prepare Thunder Energies Corporation for trading at the next tier OTC:QX and, as the ultimate goal, at the major stock exchanges of NASDAQ or NYSE. We are pleased that this request has been granted because it removes the company from a Shell status and confirms that Thunder Energies Corporation is a Company with ongoing operations in the 'Special Industry' field. This definition reflects TEC's manufacturing and sales activities in the Optical, Nuclear, and Combustion technologies and it is a positive milestone for our stockholders and investors."
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Dr. Ruggero M. Santilli
CEO and Chief Scientist
Thunder Energies Corporation