Hugo International Makes Announcement Thursday July 27, 1:48 pm ET NEW YORK--(BUSINESS WIRE)--July 27, 2006--Hugo International Telecom, Inc. (OTC Bulletin Board: HGOT - News) announced that the name of the Company has been changed from Hugo International Telecom, Inc. to "GS AgriFuels Corporation," and that, effective July 28, 2006, the trading symbol for the Company's common stock on the OTC Bulletin Board will be "GSGF."
Additional information about GS AgriFuels, its business model and recent developments will be made available next month upon the launch of the company's planned new corporate website.
About GS AgriFuels Corporation
GS AgriFuels Corporation (OTC Bulletin Board: GSGF - News) was founded to produce and sell clean fuels from agriproducts in innovative new ways that efficiently leverage America's current fuel production and distribution infrastructure while empowering consumers to save money, reduce pollution and contribute to energy independence.
GS AgriFuels is majority-owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS AgriFuels Corporation (f/k/a Hugo International Telecom, Inc.), and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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