SUGAR LAND, Texas, Jan. 24, 2006 (PRIMEZONE) -- Bloodhound Search Technologies, Inc. (Pink Sheets:BLDH) announced today that the company has executed a strategic technology licensing agreement that will allow it to begin offering its Strategic Information Monitoring Systems (SIMS). The exclusive licensing agreement was executed on January 20, 2006 with Pekka Tolonen, a Finnish computer scientist who developed this highly specialized search technology.
"We believe this technology may revolutionize the way people search for information. Instead of having to waste time searching for news or other important information on the Internet, our customized SIMS portals will search and retrieve exactly the information you and/or your company are interested in," says David Campbell, the Chief Executive Officer of Bloodhound Search Technologies.
Bloodhound's SIMS portals are built according to client-supplied strategic information, such as keywords, press releases, industry descriptions or business plans. A customized SIMS portal can continuously monitor over 10,000 news sources or web sites. It scans the relevant information sources 24 hours a day, and provides important news about competitors, industry, business opportunities, significant industry events, or any other news of strategic importance to the clients. After retrieving the relevant information, SIMS automatically organizes it on a personal web portal page that looks like an online news website.
"Companies can use Bloodhound's SIMS to gather information about competitors, identify potential clients, monitor industry trends, track changes in legislation or even to educate the company's employees or other stakeholders about the business and the industry the company is in," says Campbell.
This press release may include "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. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company refers you to the cautionary statements and risk factors set forth in the documents it files with the Securities and Exchange Commission. Neither the Company or Phoenix IR Associates is under any obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.