Mississauga, ON (canadaTECH.INFO) – September 17, 2008 - Pursuant to a resolution passed by shareholders on May 28, 2008, Pioneering Technology Inc. (TSX-V: PIO) has consolidated its capital on a 10 old for 1 new basis. The name of the company has also been changed to Pioneering Technology Corp.

Effective at the opening, September 18, 2008, the common shares of Pioneering Technology Corp. will commence trading on TSX Venture Exchange under a new symbol "PTE", and the common shares of Pioneering Technology Inc. will be delisted.

Mississauga, Ontario based Pioneering Technology is an ‘Energy Smart” product innovation company that identifies, engineers and markets breakthrough solutions for existing mainstream appliances. Its patented Safe-T-element™ cooking system was engineered to help prevent stove top cooking fires, the number one cause of fire in North America and to reduce the amount of electricity required to cook.