Seeker Tec International, Inc. Announces Second Quarter revenue from their Angolan de-mining operations Seeker Tec International Announces Revenue and Southern Africa Technology Deal
MANDEVILLE, L.a., July 9, 2013 /PRNewswire/ -- Following on from the announcement of its deal with Quest Solutions in March this year, Seeker Technologies Ltd (OTC Markets: SNTL) the wholly owned subsidiary of Seeker Tec International, Inc., is pleased to announce second quarter revenue of $179,041 from their Angolan de-mining operations.
"Clearly, this is a major step forward in our company's development," commented Executive Chairman, Mike Kendrick. "We are already looking at two additional contracts before the end of the year off the back of this work, as well as the renewal of the existing contract at a much increased annual value."
"As well as this, we are working on further significant opportunities arising from our management visit to meet the Angolan Government and oil & gas industry representatives in May," he added.
Seeker Technologies has also signed an important teaming agreement with a cutting edge sensor supplier, significantly extending its product offering in markets outside of minefield survey in Southern and Central Africa, as well as providing clients with first class image processing and analysis, delivering extremely high definition visual images and state of the art 3D ground surface modeling.
Commercial Director, Mark Dorey, who led the negotiations, said, "I am delighted that we have secured this agreement, which enables us to offer a comprehensive suite of sensor technology in areas where we already have significant interest from potential customers."
"We are very much looking forward to working together in developing both companies products and services in the region," he added.
Seeker Tec is committed to its mission of improving the lives of people and communities in some of the most underdeveloped regions of the world, with a particular focus on Africa. By applying ground breaking technology to overcome issues hampering the economic development of these areas, it creates income and capital growth for all stakeholders; which fits perfectly with the company's corporate ethos of compassionate capitalism.
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This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE Seeker Tec International, Inc.