ADB International Group, Inc.'s (ADBI) 50% Subsidiary, Subsea Oil Technologies, Inc., Is Listed on the U.S. Government's Federal
26 Diciembre 2010 - 4:00PM
Marketwired
ADB International Group, Inc. (PINKSHEETS: ADBI), through its 50%
investment in Subsea Oil Technologies, Inc., (Subsea), has been
added to the "Interested Vendors List" on the U.S. Government's
Federal Business Opportunities Website in response to a newly
posted Broad Agency Announcement (BAA) solicitation for research
proposals associated with Deepwater Wild Well Control Technology
and other topics. Furthermore, Subsea is preparing a White Paper
for submission to the U.S. Department of the Interior (DOI), Bureau
of Ocean Energy Management, Regulation, and Enforcement (BOEMRE)
for its Technology Assessment and Research (TA&R) Program on
Safety of Oil and Gas Operations in the U.S. Outer Continental
Shelf (OCS).
The BOEMRE is the federal agency responsible for overseeing the
safe and environmentally responsible development of energy and
mineral resources on the OCS. The BOEMRE anticipates that
$7,000,000 may be available during FY 2011 for the initiation of
new research addressing multiple topics, including Deepwater Wild
Well Control Technology, for which Subsea has developed a
significant Intellectual Property (IP) portfolio.
Subsea is offering licensing, partnership and other commercial
opportunities related to its IP portfolio, which currently includes
seven (7) pending U.S. Patent Applications associated with
solutions for containing oil spills similar to the 2010
BP/Deepwater Horizon oil spill.
Details regarding Subsea's IP portfolio, some of the technical
features disclosed by the Patent Applications and information about
the Inventor of this technology may be accessed through the
"Subsidiaries" webpage of ADBI's website at http://www.adbintl.com
or through http://www.subseaoiltech.com.
ADB International Group, Inc. (ADBI) is a holding company that
invests in strategic global corporate acquisitions in important
market sectors that demonstrate significant growth potential. ADBI
intends to expand into Green Energy Industries, Emerging
Technologies, Financial and Business Services and other growing and
awakening markets. ADBI plans to provide managerial and financial
support to allow each project and subsidiary to concentrate on its
specific industry and unique business plan. Partnering with strong
management, investing in growth, achieving operational improvements
and applying the Company's global resources are all part of ADBI's
formula for building value for our investors and shareholders.
Safe Harbor Statement: Under the Private Securities Litigation
Reform Act of 1995 this news release contains forward looking
statements within the meaning of section 27A of the Securities Act,
as amended, and Section 21E of the Securities Exchange Act, as
amended. Forward looking statements often include words such as
expect, hope, anticipate, believes, etc. Forward looking statements
involve both known and unknown risks and uncertainties that may
cause actual results and performance to differ materially from
those expressed in this press release.
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Contact: ADB International Group, Inc. Miami, Florida Steven M.
Plumb Secretary 305.718.3330 info@adbintl.com
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