CPPT News CompuPrint to Change Corporate Name to Terra Energy & Resource Technologies, Inc.
NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource
exploration technology company that conducts its exploration service
operations through its wholly owned subsidiary, Terra Insight
Corporation (“TIC”),
announced today that, at its November 3, 2006 shareholders’
meeting, its shareholders approved actions to reincorporate the company
in Delaware and to change its corporate name to Terra Energy & Resource
Technologies, Inc. The Company anticipates that its reincorporation,
name change, and a new ticker symbol will be effective shortly.
"Changing our name and ticker symbol will more closely identify our
Company with the exploration services we deliver, and is consistent with
the public relations campaign we have commenced. We recently announced
three contracts from three important companies operating on three
different continents. It is our goal to improve familiarity and to
achieve industry and public recognition for our STeP®
process, through media interviews, published articles and appearances at
conferences,” said Roman Rozenberg,
CompuPrint's Chief Executive Officer. “Publicizing
our STeP technology should open opportunities to work with additional
major exploration companies in the near future."
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight
Corporation, provides analysis for exploration for oil and gas as well
as other minerals subsurface. The Company primarily uses proprietary
satellite-based STeP (Sub-Terrain Prospecting) technology, which
facilitates the prediction and location of commercially viable deposits
of hydrocarbons, gold, diamonds, and other natural resources. The
Company interprets and quantifies satellite and geologic data to
determine locations and depths of natural resource deposits, and assess
them for any given geographic area - on or off shore. The Company,
through its subsidiaries and affiliates holds (1) six licenses totaling
more than one million acres off-shore Namibia for diamond exploration,
(2) a participation interest in a diamond prospect in the Congo of more
than one thousand square kilometers, (3) a working interest in a one
million acre Kurdistan oil prospect, (4) leases for oil and gas parcels
totaling more than 16,000 acres of land in the Rail Road Valley and
White River Valley areas of Nevada and (5) oil and gas leases in East
and South Texas. For more information visit http://www.terrainsight.com.
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 plans to acquire additional
exploration properties, plans to drill or drilling results to fail to
materialize, inclusive 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.
