Cycclone Magnetic Engines Shrugs Off Legal Woes and Gets Down to Business - WNEM TV 5

Cycclone Magnetic Engines Shrugs Off Legal Woes and Gets Down to Business

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SOURCE Cycclone Magnetic Engines Inc.

LISMORE, Australia, May 30, 2014 /PRNewswire/ -- Cycclone Magnetic Engines Inc. today acknowledged the return to good standing and the ability to move forward with business after years of legal battles.

Cycclone Magnetic Engines Shrugs Off Legal Woes and Gets Down to Business

With 2 recent acquisitions, Loadstone Motor Corporation Pty Ltd and Nugent Engine Technologies Pty Ltd completed, the company is now looking forward to getting back to working on continuing the development of new design engines and components. Work was ongoing on the company's engine projects during the legal crisis and now the work can be assessed for patent consideration.

"We have spent 7 years under a cloud of legal frustration knowing that one day we would be able to put the opposition behind us and move forward with the business at hand."

Bob McClelland, President, Cycclone Magnetic Engines Inc.

About Cycclone Magnetic Engines Inc.

Formed in Nevada in 2004, Cycclone Magnetic Engines Inc. is one of the most controversial engine development companies on the planet. Originally owned by Roadships Logistics Limited, Cycclone was divested to the shareholders pro-rata in 2005. Cycclone Magnetic Engines Inc. is a private Nevada company with operations in Australia engaged in the design and development of engines.    

Safe Harbor Statement

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. Cycclone Magnetic Engines undertakes no duty to update these forward-looking statements.


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