Red Branch Technologies, Inc. Announces LOI Agreement With Forza Global Partners, LLC
29 Junio 2010 - 5:00AM
Red Branch Technologies, Inc. (Pink Sheets:RBTI) announced today an
LOI agreement with Forza Global Partners, LLC (FGP), a Virginia
Company headquartered out of Fredericksburg. Forza Global Partners
is a wholly owned subsidiary of The Forza Group, Inc. (TFG), a
Delaware Corporation. The intent is to acquire 25% of FGP.
TFG is a Service Disabled Veteran Owned Small Business (SDVOSB)
and a global solution provider of products and services to the
defense and security markets. Their core competencies include
global professional security services and program support to
government and corporate clients, advanced electronic and
mechanical security design and application and complete licensing
and value added reseller agreements for more than 50 companies
worldwide. For more information, please visit
www.tripointsworld.com.
Through their subsidiary Immersive Media Tactical Solutions, LLC
(IMTS), TFG has pioneered a variety of unique products and services
oriented towards the collection, processing, exploitation and
dissemination of immersive (360 degree), full motion video,
Terrestrial Intelligence, Surveillance and Reconnaissance (TISR™)
information. IMTS is actively engaged in applied research and
advanced technology development that will lead to fielding these
important capabilities for agencies involved in border protection,
homeland security and Overseas Contingency Operations
(OCO). For more information, please visit
www.imtsworld.com.
The agreement is contingent on formal approval by the Governing
Board of Directors of the respective organizations.
About Red Branch Technologies, Inc.:
Red Branch Technologies provides sustainable-energy-powered
solutions meeting commercial, industrial, municipal and federal
requirements for site security, materials control, emergency
communications, water purification and similar on-site
applications. The company's ability to simultaneously manage
multiple renewable energy sources allows Red Branch Technologies
powered solutions to stay up and running longer than the
competition. Mobility is another differentiating aspect of Red
Branch Technologies' solutions.
The company also offers a unique set of security products for
military and law enforcement applications where cost/performance
represents a critical selection factor. The application areas
include Explosive Ordinance Disposal (EOD) robots, vehicular
inspection and Unmanned Aerial Vehicles (UAVs).
More detailed information can be found at
www.RedBranchTech.com.
Safe Harbor: This letter contains certain forward-looking
statements 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, which are intended to be covered by the safe
harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainty, including
without limitation, the ability of the Company to successfully
implement its turnaround strategy, changes in costs of raw
materials, labor, and employee benefits, as well as general market
conditions, competition and pricing. Although the Company believes
that the assumptions underlying the forward-looking statements
contained herein are reasonable, any of the assumptions could be
inaccurate, and therefore, there can be no assurance that the
forward-looking statements included in this letter will prove to be
accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as representation by the Company
or any other person that the objectives and plans of the Company
will be achieved. In assessing forward-looking statements included
herein, readers are urged to carefully read those statements. When
used in the Annual Report on Form 10-K, the words "estimate,"
"anticipate," "expect," "believe," and similar expressions are
intended to be forward-looking statements.
CONTACT: Cervelle Group
Investor Relations
David Donlin
407-614-5959 ext. 223
Red Branch Technologies (CE) (USOTC:RBTI)
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