Terra Energy & Resource Technologies Gains a Market Partner in South America
07 4월 2010 - 10:07PM
Terra Energy & Resource Technologies, Inc. (OTCBB:TEGR), a
natural resource exploration technology company, announces today
that the Company is expanding its oil and gas exploration services
offering in South America by signing a market partner agreement
with Solvex S.A., an Argentine consulting firm. The contract sets
forth a market partner framework between the companies, granting
Solvex certain rights in connection with the sales and marketing of
the Terra exploration services in South America.
"Solvex is a strong local partner, knowledgeable in the South
American oil and gas landscape. Solvex has already presented Terra
with several opportunities for projects in Argentina, Peru, and
Colombia, quickly demonstrating to us the professionalism and
understanding of the local business community," said Dmitry
Vilbaum, Chief Executive Officer of Terra Energy & Resource
Technologies. "We have recently met with one of Solvex principals,
and we are encouraged that our existing services network in other
countries is complemented by Solvex," Dmitry added.
Dr. Alexandre Agaian, Terra Energy & Resource Technologies'
President, noted that the South American exploration and production
industry is large due to the continent being rich in oil and gas as
well as mineral resources. Dr. Agaian also stated: "We plan on
visiting Argentina as well as other neighboring countries in April
or May of 2010 to present our innovative exploration capabilities
to potential clients, introduced to us by Solvex. Solvex is a
supporter of Terra's technologies; its recognition of the value
Terra brings to the exploration process helps to grow the
companies' relations rapidly."
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its
subsidiary Terra Insight Services, Inc., provides mapping and
analysis services for exploration, drilling, and mining companies
related to natural resources found beneath the surface of the
Earth. The Company uses a suite of innovative and efficient
technologies, which facilitate the prediction and location of
commercially viable deposits of hydrocarbons, gold, diamonds, and
other natural resources, and assesses them for any given geographic
area -- on or offshore. For more information, visit
http://www.terrainsight.com.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the safe harbor created by those sections. There are many
factors that could cause the Company's expectations and beliefs
about its operations, its services and service offerings, its plans
to acquire interests in exploration properties or technologies,
plans to drill or drilling results to fail to materialize,
including, but not limited to: competition for new acquisitions,
availability of capital, unfavorable geologic conditions,
prevailing prices for oil, natural gas and other natural resources,
and general regional economic conditions.
CONTACT: Terra Energy & Resource Technologies, Inc.
212-286-9197
info@terrainsight.com
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