ORCUTT, Calif., July 2, 2009 (GLOBE NEWSWIRE) -- Insight Management Corporation (OTCBB:ISIM) today announced that the acquisition of Rebel Testing Inc. (RTI) was completed on June 30, 2009. RTI will be a wholly-owned subsidiary.
Insight Management President and CEO, Jennifer Rapacki, commented, "We are pleased to close on the acquisition, and formally bring on board the Rebel team led by Randy Dayhoff and David Castelli. The valuable assets that they add further solidifies the foundation we have built and should provide an advantage over our competitors in a tough market. This, and the completion of our merger with Microresearch Corporation, are positive developments that shareholders may continue to expect as the company grows both organically and through acquisitions."
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About Insight Management Corporation
Insight Management Corporation (ISIM) is a public holding company whose core business is focused in the oil and gas industry. The company has a strategic plan for growth through acquisition and functions from the perspective of an engineering firm. This is the nucleolus that directs what acquisitions are made and creates strategic alliances and develops proprietary technology and patents that bring the expertise, and ultimately creates the real value for Insight Management. The Company expects to retain the strong management teams in each business unit, capitalizing on their local knowledge of competitors and operating climate, along with their loyal customer relationships.
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About Rebel Testing, Inc.
Rebel Testing, Inc. (RTI), of Gillette, Wyoming, has been in business for over eighteen years, employs twenty personnel, and is a leading Rocky Mountain regional oil and gas service provider. RTI's 2008 revenues were $3.4 million with 32% net profit. The company maintains a fleet of pump hoist trucks to service natural gas well pumps, and services and pressure tests blow out preventers. Customers include, among others, two Fortune 500 oil and gas corporations.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ISIM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the ISIM's current beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the ISIM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. ISIM undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.