ASHBURN, Va., May 13, 2010 (GLOBE NEWSWIRE) -- 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/">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.