Vortex Electronics Inc. change name to Well Power Inc.

Vortex Electronics Inc. change name to Well Power Inc.

PR Newswire

HOUSTON, TX, Jan. 11, 2014 /PRNewswire/ – Well Power, Inc. (OTCQB:VOELD),- (The Company), would like to inform its shareholders that on December 10, 2013 an
Articles of Merger was filed with the Secretary of State of Nevada in
order to effectuate a merger with the wholly-owned subsidiary of Vortex
Electronics Inc., Well Power, Inc. As part of the merger, the board of
directors authorized a change of name to “Well Power, Inc.” and the
Company’s Articles of Incorporation have been amended to reflect this
name change.

In addition to the change of name a Certificate of Change was filed on
the same date whereby the directors of the Company resolved to increase
the number of authorized shares of common stock in Well Power Inc. (the
“Company”), par value $0.001, from 90,000,000 shares to 4,500,000,000
shares. Correspondingly, the Company’s board of directors affirmed a
forward split of 50 for 1 in which each shareholder will be issued 50
common shares in exchange for 1 common share of their currently issued
common stock. Under the Nevada law, shareholder approval was not
required.

In connection with the forward split and name change, we have the
following new CUSIP number: 94947A106. We have submitted the required
information to FINRA and we have been provided an effective date of
January 6, 2014. Once effective, our common stock will be quoted under
the symbol “VOELD” for a period of 20 trading days. After 20 trading
days, our common stock will trade under the symbol “WPWR” that more
resembles our new name.

These corporate measures were required to facilitate the Company
entering into a Letter of Intent, as on January 6, 2014, we entered
into a non-binding Letter of Intent (“LOI”) with Cristian Neagoe to
acquire a license to the technology that will allow the Company to
market, sell, and deploy economical, mobile and scalable Micro-Refinery
Unit (the “MRU“) to process raw natural gas into Engineered FuelTM (diluents, drop-in diesel and pipeline quality synthetic crude) and
clean power. The technology solution simultaneously reduces CO2 emissions and creates revenue streams with minimal capital expenditure.
The proposed consideration for the potential acquisition will be
payable in a combination of cash and common stock which is yet to be
determined.

This potential acquisition remains subject to, among other things,
completing customary pre-closing due diligence, the requisite approval
and entering into a Definitive Agreement. The Definitive Agreement is
expected to be signed by all parties on or before the end of February
3, 2014
. There can be no assurance that any transaction will be
completed as proposed or at all.

About Well Power, Inc. (the “Company”)

Further information on the Company and its filings can be found at www.sec.gov

Forward Looking Statements

Some information in this document constitutes forward-looking statements
or statements which may be deemed or construed to be forward-looking
statements, such as the closing of the share exchange agreement. The
words “plan”, “forecast”, “anticipates”, “estimate”, “project”,
“intend”, “expect”, “should”, “believe”, and similar expressions are
intended to identify forward-looking statements. These forward-looking
statements involve, and are subject to known and unknown risks,
uncertainties and other factors which could cause the Company’s actual
results, performance (financial or operating) or achievements to differ
from the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking statements.
The risks, uncertainties and other factors are more fully discussed in
the Company’s filings with the U.S. Securities and Exchange
Commission. All forward-looking statements attributable to Well Power,
Inc., herein are expressly qualified in their entirety by the
above-mentioned cautionary statement. Well Power, Inc., disclaims any
obligation to update forward-looking statements contained in this
estimate, except as may be required by law.

SOURCE Wellpower inc.

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