Abakan, Inc. With a New Member of Board of Directors
21 May 2010

Abakan, Inc. (OTC:ABKI) announced the appointment of Mr. Hermann Buschor to the company’s board of directors. The company believes that Mr. Buschor will manage to increase the ABKI’s investments as well as its clients in the Oil and Gas industry.

After a crash in price, Abakan, Inc. was promoted by a third party and ABKI stock moved up. Currently, its price change is +4.76%, and the market cap points 60.35M. During the last days, we can see that the trading volume is higher, compared to the last 6 months.

Abakan directors and management team claimed they have raised over $400 millions in financings from various development stage companies, using equity and debt capital and they look for new business opportunities. They give more detailed information about the company’s activities and stock movement on its official website.

Still if we follow the ABKI financials, we can see that although its stock price moves up, the company has not generated any revenue from operations since of May 31, 2009.

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