Red Branch Attends Strategic Economic Forum on Nigeria; Recognizes "Tremendous" Opportunities for Business
May 13 2010 - 4:00AM
Red Branch Technologies, Inc. (Pink Sheets:RBTI), announced today a
number of its key management team attended the U.S.-Nigeria
Business Opportunity Forum on May 4, 2010 at the Hay-Adams Hotel in
Washington, D.C. The event was sponsored by Global
Investments Summit, headquartered in London; J.C. Watts
Companies headquartered in Washington, D.C.; and the Honorable
Ikedi Ohakim, Governor Imo State, Nigeria.
The event offered a unique opportunity to learn about an
upcoming Trade Mission on June 8-9, 2010 to the Imo State led by
former U.S. Congressman J.C. Watts, Jr. and the unprecedented trade
and investment opportunities in Imo State, interact with Imo
State's government leaders responsible for the U.S. Imo State
commercial and financial relationship, and network with an
extraordinary collection of American and Nigerian corporate
executives. Additional speakers included officials from the
Obama Administration, USTR Office; State of Maryland, Trade and
Economic Office, Washington, DC Mayors Office , and officials from
the Imo State.
"There is a tremendous number of opportunities for Red Branch
Technologies in the Imo State of Nigeria specifically in
electricity generation and distribution along with security issues
throughout Africa, the state which we are confident we can address
to the satisfaction of the government," said Jeff Sirianni, CEO of
Red Branch Technologies, Inc. "This forum gave us a great
introduction to potentially further strategic relationships in
Nigeria through businesses and the government alike."
The Imo State is endowed with abundant human and natural
resources, which could be harnessed to stimulate a realistic
development process. Imo State is an attractive investment centre
not only for agricultural and manufacturing concerns but also
tourism, infrastructure, housing, telecommunications, and much
more.
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
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