Archive for the 'OTC' Category
NEW YORK–(BUSINESS WIRE)–Ernest C. Schlotter, a senior analyst with SISM Research and a StarMine four-star analyst, notes the following regarding Fox Petroleum Inc.’s (OTCBB: FXPT) corporate activities:
Initial Comments:
“Fox Petroleum is making strong progress. Fox’s Bourbon prospect is estimated to have a prospective resource P50 (mid-case) of 94.2 million barrels of oil and an estimated recovery rate of forty-two percent, according to Aimwell Energy Ltd.”
5 for 1 Reverse Split and AMEX listing:
“The Company approved a 5 for 1 reverse stock split with a record date of April 16, 2008 to meet the listing standards of the American Stock Exchange. Subsequently, the stock symbol has been changed from FXPE to FXPT. Currently, the Company has 14,968,246 shares of common stock issued and outstanding. There is no assurance that the Company will meet the listing standards of AMEX, or that its securities will ever list on the AMEX exchange. In our view, the listing of Fox Petroleum’s common stock on AMEX will enhance shareholder liquidity and value as well as being the next step in the Company’s growth. Further to that, it is hoped to promote price stability, facilitate access to further capital from institutional investors and expedite the company’s growth.”
Operations Update:
“Fox Petroleum’s main focus is to achieve production and profitability in the near future. Just a few days ago, the Company announced that it had booked a drilling rig to drill its first well on the Bourbon prospect in the fourth quarter of 2008. The Bourbon Prospect is believed to be one of the lowest risk prospects remaining in the North Sea. Fox will pay 89% of the costs to drill a well to 10,300 feet to earn forty-six percent of the project. This prospect is estimated to have a total potential reserve P50 (mid-case) of 94.2 million barrels of oil and an estimated recoverable rate of forty-two percent. If successful, our heavily risked adjusted reserve potential for Fox Petroleum is valued at approx. US$182 million or approx. $12 per share.
“The Bourbon Prospect is located in a geological structure of the North Sea known as the Brent Sandstone in the southern part of block 211/17. The Brent Sandstone consists of tilted fault blocks that are favorable for trapping hydrocarbon deposits and is believed to be one of the lowest risk exploration styles in the North Sea. Royal Dutch Shell is the most active producer in close proximity to the Bourbon Prospect, as it owns and operates many producing fields in the area, including the Eider Field (211/16a & 211/21a), and the Magnus Field (211/12a), which have a potential reserve of 1.65 billion barrels. Other well established companies producing in the area include BP, Lundin Petroleum AB, Nexen Inc, and ConocoPhillips.”
Valuation:
“We have kept our Company valuation unchanged and have applied the same valuation parameters we have been used in our last report, dated March 3rd, 2008. We have calculated Fox Petroleum’s heavily risk-adjusted Appraised Net Worth to be $36.65/share, (reverse split adjusted) and our risk factors account for execution uncertainty, uncertainty about availability of capital as well as capital costs, and uncertainty as to the actual resource to be developed. We maintain our Speculative Buy/4 rating for Fox Petroleum and have arrived at a 12 to 18-month target price of $27.50, based on a twenty-five percent discount to our heavily risked Appraised Net Worth of $36.65.”
Fox Petroleum is a small, early-stage oil and gas company engaged in the exploration and production of oil and natural gas in Alaska, Texas, Kansas, and the North Sea in the UK. Complete information about this company is available at the company’s InvestorPower™ page accessible from http://www.investrend.com/company/list.asp?sPathParam=yes , and the company’s website is at http://www.foxpetro.com.
Anyone interested in receiving alerts regarding Fox Petroleum research should email contact@investrend.com or info@sism.com with “FXPT” in the subject line.
SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM Research writes, publishes and distributes research coverage on micro- to small-cap public companies trading on the OTC, NASDAQ and AMEX.
SISM Research is being paid $1,750 per month by the company over a two-year period solely to ensure analyst coverage. SISM Research takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage.
The Investrend Research Syndicate distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the “Standards for Independent Research Providers” (http://www.firstresearchconsortium.com/standards.html). The Investrend Research Syndicate is a proprietary entity of Investrend Communications, Inc., a financial intelligence and information firm, serving the financial community with neutral platforms and fundamentally-based material since 1996.
Please note that statements in this announcement that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as “expects,” “intends,” “plans,” “may,” “could,” “should,” “anticipates,” “likely,” “believes” and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.
CISCO, Texas–(BUSINESS WIRE)–Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF) is pleased to announce that the JV Partner advises that the Coelacanth-1 well in VIC/P45 has drilled to approximately 6,000 feet in approximately 295 feet of water by the operator and farminee Apache Energy Pty Ltd, using Seadrill’s West Triton jack-up drilling rig.
Apache Energy Pty Ltd is a subsidiary of Apache Corp. (NYSE:APA). Apache will meet 100% of the cost of the Coelacanth-1 well and, at its option, the cost of a second well in ACOR’s ORRI under VIC/P45, in order to earn its full 66.67% interest.
At 6,000 feet, the primary objective is approximately 1900 additional feet from the 1st of three (3) main oil targets in the Coelacanth-1 well; the Top Latrobe, the Top Volador and the Intra-Volador. The JV Partner states that Apache’s assessed potential recoverable hydrocarbons of the Coelacanth structure on a success case range from 74.84 million barrels of oil in a P10 case to 5.85 million barrels in a P90 case, with a mean of 31.99 million barrels.
Current status of the drilling rig is that they are pulling out of the hole to change the drilling bit and hooking up the logging-while drilling tools and the bottom-hole assembly.
Drilling of the Coelacanth-1 well is expected to take approximately 16 days and will be drilled to a total depth of approximately 9,900 feet.
The Coelacanth-1 structure was discovered from the approximately $20,000,000 dollars worth of new 3-D seismic data. The Coelacanth-1 structure is in geological trend with the Bream Oil Field, the Kingfish Oil Field & the Kingfish West Oil Field.
The Geological Oil Trend starts from the Northwest to the Southeast portion of the Gippsland Basin:
1. Bream Field started drilling in 1988 and has produced approximately 88,000,000 barrels of oil or $8,800,000,000 at current market prices of $100.00 per barrel.
2. Kingfish West Field was discovered in 1968 and has produced approximately 200,000,000 barrels of oil or $20,000,000,000 at current market prices of $100.00 per barrel.
3. Kingfish Field was discovered in 1967 and has produced approximately 1,100,000,000 barrels of oil or $110,000,000,000 at current market prices of $100.00 per barrel.
4. The geological oil trend leads southeast to the Coelacanth-1 structure on ACOR’s ORRI under VIC/P45 with possible estimated reserves of approximately 74,000,000 barrels of oil or $7,400,000 at current market prices of $100.00 per barrel.
Click on link below to see a map of the Gippsland Basin showing this geological trend, the Coelacanth structure & a photo of the West Triton Drilling Rig http://www.aussieoil.com/site/map2.htm.
About VIC/P45:
VIC/P45 consists of 214,896 gross acres. VIC/P45 is located offshore in the most prolific oil-producing basin in Australia, approximately 1 1/2 miles east of the Kingfish Oil Field in the Southern Gippsland Basin in the Bass Strait.
The Kingfish Oil Field was discovered in the late 1960’s and is still producing and has produced approximately 1,100,000,000 of oil to date.
During the flush production of 1975 – 1979, the Kingfish Oil Field produced an average of approximately 250,000 Barrels of Oil per Day.
The permeability in the Kingfish Oil Field runs between 5,000 Milidarcies & 40,000 Milidarcies, which is extremely high.
VIC/P45 Proven Reserves
Back in the late 1980’s, Petrofina made two discoveries on VIC/P45 which includes one oil field discovery, called Archer and one gas field discovery, called Anemone-1A.
The Archer anticline has four (4) oil pays and seven (7) gas pays with approximately 1280 feet of net pay section. The estimated reserves of the Archer field are approximately 40,000,000 barrels of oil and approximately 32 BCF of gas.
The estimated reserves for the Anemone-1A are approximately 11.3 BCF of gas and approximately 600,000 barrels of condensate.
The decline in the price of oil in the late 1980’s made the Archer & Anemone non-economic to develop. If Apache is successful with the Coelacanth-1 well perhaps the Archer & Anemone fields could be considered economical to produce.
IMI, an independent third party geological appraisal company, estimated that VIC/P45 could possibly contain approximately 350 million barrels of oil and 4 TCF of gas.
ACOR owns a 7.5% of 1% ORRI under VIC/P45.
The Most Frequent AUCAF Shareholder Question Asked:
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What is a 7.5% of 1% ORRI possibly worth?
A 7.5% of 1% ORRI may not sound like a lot. But, for example if you owned a 7.5% of 1% ORRI under the Kingfish Oil Field* and if the Kingfish field produced 1,100,000,000 barrels of oil and the operator was able to sell the oil produced for an average of $100 per barrel, then your 7.5% of 1% ORRI would have generated in gross revenue approximately $82,500,000 before taxes.
*PLEASE NOTE: This was merely an example for you to try to understand that a small fractional ORRI’s under a giant oil field can possibly lead to large gains. ACOR does not own any ORRI’s under the Kingfish Oil Field and there are no guarantees of a similar performance.
About The Gippsland Basin:
In excess of 4 billion barrels of oil/condensate and 12 TCF gas reserves have been discovered in the Basin since exploration drilling began in 1964, with remaining reserves estimated at 600 million barrels of oil and 5 trillion cubic feet of gas. Current production of the basin is around 140,000 barrels per day of crude and 570 million cubic feet per day of gas. At peak rates, the Gippsland Basin can deliver more than 1,000 million cubic feet a day.
Some of the very best oil production in the world is found in the Gippsland Basin. Take for example, the Halibut Oil Field. The average well in the Halibut Oil Field has produced 60,000,000 barrels of oil per well or $6,000,000,000 worth of oil per well, at current crude market prices.
About Australian-Canadian Oil Royalties Ltd.:
ACOR management draws no cash salary. ACOR has NO LONG-TERM DEBT. ACOR’s principal assets consist of 15,440,116 gross surface acres of overriding royalty interest and 8,561,007 gross acres of working interests, located Onshore Australia in the Cooper-Eromanga Basin and Offshore Australia in the Gippsland Basin in the Bass Strait.
ACOR is a publicly traded oil company trading on the NASDAQ OTC Bulletin Board Exchange under the trading symbol “AUCAF.”
Summary:
Australia is a “hot spot” for oil & gas exploration and ACOR is positioned for possible “Company-Maker” discoveries. ACOR’s working interests and overriding royalty interests are located offshore & onshore in the best producing basins.
Visit our website at www.aussieoil.com.
Disclaimer:
Except for historical information contained herein, the statements released are forward-looking statements that are made pursuant to the provision of the Private Securities Litigation Reform Act of 1955. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
LAS VEGAS–(BUSINESS WIRE)–Wave Uranium (OTCBB: WAVU) today announced a decision by the management and Board by unanimous vote to cancel 15 million shares.
This cancellation of outstanding shares will bring total shares outstanding down to 55,120,005 from the current outstanding total of 70,120,005. Management has made this decision to help earnings per share and to increase shareholder value.
About Wave Uranium:
Wave Uranium is a Las Vegas, Nevada based exploration and development uranium company. The Company is actively acquiring world class uranium properties in prolific mining areas in North America.
Wave Uranium has assembled a team of geologists and directors with proven track records in areas of mineral exploration, mining programs and accessing global capital markets.
LAS VEGAS–(BUSINESS WIRE)–USA Uranium Corp. (OTCBB:USAU) announces that it has completed the acquisition of a 75% joint venture interest in the LaSal West mineral claim group located in the prolific LaSal uranium district of Utah.
The ore previously produced from the existing mines on this Property contained up to 0.35% U3O8 (Uranium) and 1.5% V2O5 (Vanadium) resulting in production of over one million (1,000,000) tons of ore. Ore of this caliber would equate to a value of over $700 per ton using the current spot price of $90 per lb.
USA Uranium determined to acquire the joint venture interest after review of the data from their initial geological work program on the property and the environmental considerations of the area. This program utilized traditional geological techniques, evaluated data from the three previously producing mines on the property and instituted and conducted a ground radon detection survey utilizing leading-edge technology, which the Company’s advisors have been developing to assist in uranium property evaluations.
The terms of the purchase of the 75% joint venture interest required USA Uranium to issue 4 million shares for the 75% interest. This exciting property consists of 111 BLM claims comprising 2200 acres. The property covers a portion of the north/central LaSal District trend and contains three significant past producers: the Bluejay Mine, the M-6 Mine and the Balsley Mine.
The data from the proprietary radon detection system is currently being further evaluated, reviewed and interpreted. The Company expects to have the data review completed in the near future. Currently the results are being utilized to identify the highest probability drill targets.
Mr. Stephen Spalding MBA., B.Sc. (Physics, Finance & Math), has also joined the Company as a Director and as President, where he will assist Mr. Barth the CEO in forging a decisive direction for the Company in 2008. Mr. Spalding brings more than 30 years of expertise in public and private company management to USA Uranium Corp., primarily related to internal controls, management structure and corporate governance in the investment banking, Hedge Fund, natural resources, manufacturing and technology industries. Mr. Spalding was until recently a partner with Grant Thornton in San Francisco and was formerly a Senior Partner with Deloitte & Touche and also with KPMG for 18 years.
TUCSON, Ariz.–(BUSINESS WIRE)–Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB: LBSU) is pleased to announce it has drilled or washed out 2,255 feet of hole with an average penetration rate of 161 feet per shift, during the month of December. During the washout of hole HELV-01, our diamond drill cut into the side of the distorted old hole and continued to a depth of 485 feet where the hole was lost. Significant intervals of bleaching, alteration, disseminated and vein iron pyrite and a five foot interval of collapse breccia, with fine disseminated iron pyrite in the matrix, were encountered. There was no uranium mineralization, but this is the type of halo alteration and mineralization found around previously producing ore bodies. Management considers this a positive indicator and believes that this demonstrates the company is on the right track.
The Hafsa breccia pipe target, which has first priority status from geochem surveys and geology, is 600 feet to the west. The location of the HELV-01 is in deep soil cover and no Pipe structure is visible on color imagery. However HELV-01 is on the south edge on a profound VTEM geophysical anomaly measuring 600 plus feet wide and 1,200 plus feet long. This helicopter borne survey was done last spring. Our geophysical consultant suggested drilling it at that time. The name Helvia has been assigned to the target. It appears the sulfides intersected in HELV-01 are likely part of a large body of sulfide bearing rock responsible for the anomaly. The strongest part of this anomaly lies 320 feet north of HELV-01, and another high lies about 1,000 feet north. We have applied for a permit to drill the anomaly in three places. We will be using three or four angle holes at each drill site in order to determine the centroid of any breccia pipe. Then a vertical hole to test the pipe at the depth the uranium mineralization would be expected will be drilled. We expect to start drilling this anomaly about the fifteenth of January.
Of the original fourteen holes to be washed out and re-entered, three were found not worth re-entering and three are already open leaving a total of eight in the program. Five of the holes have been washed out. When the remaining three holes in this initial program are washed out, down hole e-logs (electrical resistance measurements) and radiometric (radioactive) surveys will be conducted in these holes to determine whether a breccia pipe and/or uranium mineralization is present. These data will be compared to and integrated with surface geological and geochemical information. Once these data are interpreted all targets will be prioritized and the diamond drill crew will commence drilling our first priority Pipes, after the completion of the HELV-01 anomaly drill test.
This is a long term project with about 300 pipe targets being evaluated and prioritized. Assuming available funding, drilling is hoped to be continuous 24/7/365 for multiple years. The intent is to test all Pipes and bring those with defined ore bodies into production as quickly as possible. Various proposals for additional funding have been received and are being evaluated.
DALLAS–(BUSINESS WIRE)–Southridge Enterprises, Inc. (OTCBB:SORD) (the “Company”), today announced today announced that Ken Milken has been appointed Chief Operating Officer of the company.
Mr. Milken commented: “I am honored the Board of Directors has expressed its confidence in me. I look forward to continuing to work with the Board and the senior management team and I am excited about the company’s future in the alternate energy sector.”
Mr. Milken, age 56, joined Southridge Board on December 17, 2007. Before joining the company, Mr. Milken served Chairman and Chief Executive Officer of SolarClone, a leading provider of solar power solutions. He grew the revenues of this company from zero to $80 million in less than three years. Prior to this, Mr. Milken was Chairman and CEO of Simco BioTechnologies. From 1982 through 1993, he worked for US Genesis Corporation, eventually serving as Vice President of Worldwide Product Engineering. Mr. Milken was named as Chairman of the BioTechnology Committee.
About Southridge Enterprises, Inc.
Southridge Enterprises is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The Company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is actively acquiring and developing ethanol production facilities and anticipates start-up of the first phase of these operations in 2007. Southridge Enterprises is headquartered in Dallas, Texas. For more information, please visit our website: www.southridgeethanol.com
Forward-Looking Statements
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, successfully equipping the Quitman County plant for the production of ethanol, and the startup of production of in 2008, if at all.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s current and periodic reports filed from time to time with the Securities and Exchange Commission.
HOUSTON–(BUSINESS WIRE)–Gulf Ethanol Corporation, (OTC:GFET) today answered investor questions about its new cellulose feed-stock processing technology.
The process, developed by Meridian Biorefining, converts non-food biomass into a very fine powdered cellulose that a university study confirms produces far better results when processed into ethanol. Gulf ethanol owns the exclusive rights to this breakthrough technology for the processing of ethanol feed-stocks and will partner with Meridian Biorefining for engineering, design and implementation of the technology.
Why Cellulose? Cellulose is the most abundant plant material on earth. Ethanol has emerged as a significant source of alternative transportation fuel worldwide as oil prices continue to rise over the long term. Studies now show that abundant cellulose feed stocks can replace as much as 30 percent of America’s petroleum consumption. Corn and sugar cane prices have risen significantly as they are used increasingly to produce ethanol. Cellulose is more difficult to convert into ethanol but is far cheaper and more abundant as a feed-stock. Gasoline is currently mixed with ten percent ethanol by most oil companies today, including Exxon Mobil Corp. (NYSE:XOM) and Shell (NYSE:RDS-A).
Describe Gulf’s Technology. Cellulose must be broken down and converted into sugar which is then transformed chemically into ethanol. Gulf’s exclusive license with Meridian Biorefining gives it the right to a technology that converts cellulose feed stocks, such as switchgrass, sorghum, wood chips, and bagasse into an extremely fine cellulose powder. Initial scientific analysis indicates that Gulf’s pre-processing increased the amount of ethanol recovered from the feed stock and significantly reduces the time needed to process cellulose into ethanol. Gulf’s process uses very low energy input.
Significance to the Industry. The ethanol industry has recently suffered from increased food-based feed stock prices. The industry has been seeking an effective technology for cellulose processing. The Company believes that this new technology is an important component of turning cheap cellulose feed stocks into mainstream transportation fuels. Ethanol demand is expected to rise. Companies using cheap cellulose feed stocks are expected to be the most profitable. Billions of dollars have been invested in existing ethanol infrastructure. Profits are currently dampened by high corn prices. Gulf believes that existing plants can significantly increase profits by converting to cheaper cellulose feed stocks. The development of alternative transportation fuels has proven difficult. Companies such as Archer Daniels Midland (NYSE:ADM) and Bunge Limited (NYSE:BG) are working on the technological problems of producing ethanol. Food based feed stocks rise in price as production increases which means that the more ethanol made from food-stocks, the less efficient it becomes.
“Everyone knows that cellulose is the future of ethanol,” explained JT Cloud, Gulf’s President. “That future has arrived,” he noted. “As we deploy this exciting new process in the ethanol industry, we expect our profits to be very attractive to investors,” he concluded.
What is Gulf’s Implementation Plan? In December the first commercial processing unit, which has now been completed, will be moved to its permanent location for final testing. Gulf and Meridian will then process multiple feed-stocks using this new technology. The cellulose will then be scientifically tested to verify its efficiency. Gulf expects to enter into agreements in 2008 to retrofit existing corn-based ethanol plants to cellulose to increase their economic efficiency. “We believe our technology will change the economics of the industry and alter the ethanol equation forever,” noted Mr. Cloud.
About Gulf Ethanol Corporation
Gulf Ethanol, (OTC:GFET) is an alternative energy company focused on the development of cellulosic ethanol technologies with a particular emphasis on Texas and the Gulf Coast. For more information please visit our homepage at: www.GulfEthanolCorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
CHICAGO–(BUSINESS WIRE)–USTelematics, Inc. (OTC:UTLM), deploying proprietary technology and market-disruptive products at the forefront of the connected-car revolution, has incorporated access to a broad range of programming from the Walt Disney Co., (NYSE:DIS) into USTelematics’ Voyager Mobile IPTV product line. Voyager’s Program Guide and rear-seat video monitor will provide full, real-time access to Disney.com online kids gaming, streaming TV, as well as music and movies.
“Adding Disney content supports our high-growth business strategy to capture significant market share by offering a unique line of next-generation entertainment and communications products for passenger vehicles,” said Howard Leventhal, Chief Executive Officer of USTelematics. “The Disney content becoming available should act as a powerful sales driver for Voyager.”
The Company is positioning itself as a technology leader in the projected $58 billion telematics market, offering competitively advantageous connected-car products that provide entertainment, communications and productivity solutions for drivers and their families while on the road.
Voyager’s exclusive Program Guide will provide customers and their children with rear-seat access to many of the most popular Disney characters, names and themes. These include but are not limited to programming revolving around such entertainment icons and content as Hannah Montana, Pirates of the Caribbean, High School Musical, Disney Princess, Power Rangers, Cheetah Girls, National Treasure, Enchanted, Ratatouille, Jungle Book and many others.
USTelematics’ advanced product lines include Voyager™ Mobile IPTV and rear-seat entertainment system, and the Company’s Vivee™ voice enhanced mobile messaging products. Voyager will be presented to the consumer electronics industry during the upcoming 2008 International Consumer Electronics Show (CES), to be held January 7-10, 2008, in Las Vegas, Nevada.
USTelematics’ Voyager brand of wireless mobile internet protocol TVs (IPTV) for rear-seat passenger vehicle infotainment integrates a broad suite of features and functions, including the creation of a mobile Wi-Fi internet hotspot to enable online computer usage in the car and on the road, as well as DVD, movies, TV, Xbox and other computer games, and more.
USTelematics Vivee™, for Voice Interactive Voice Enhanced Email & SMS Texting software and service, is an innovative voice-interactive solution to enable drivers to safely receive and send written electronic communications. Vivee uses an animated avatar to speak incoming emails and text messages aloud, and enables drivers to respond via voice commands. Vivee lets busy professionals and other drivers stay connected while keeping their hands on the wheel and their eyes on the road.
About USTelematics
US Telematics, Inc. (“USTelematics” or the “Company”) is engaged in the development and commercialization of next-generation, proprietary technologies to revolutionize the “wired car,” delivering high speed data and entertainment content to private and commercial vehicles. The Company is addressing high-growth opportunities in the projected $58 billion global telematics marketplace with proprietary technologies that enable a full range of voice-driven handheld and automotive mobile communications, full internet connectivity and rich infotainment options. With products that provide a full range of next-generation rear seat infotainment, USTelematics is offering an advance over the old DVD-only systems that still represent the current standard in the rear seat entertainment industry.
To learn more, please visit http://www.USTelematics.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/utlm.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/utlm/quote.html.
Forward-Looking Statements
The information herein contains forward-looking statements. All statements other than statements of historical fact made in report are forward-looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,” “probably,” anticipates,” “projects,” “expects,” “may,” “will,” or “should” or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’s current expectations and are inherently uncertain. Our actual results may differ significantly from management’s expectations.
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