Carmina Technologies Launches ASSUR Monitoring Product Line Improving Mission Critical Quality Control.Business Editors/High-Tech Writers CALGARY, ALBERTA, Canada--(BUSINESS WIRE)--Jan. 29, 2003 Carmina Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CARL) has launched it's line of ASSUR products which improve and enhance the inspection and quality control process for a variety of industries. President and chief executive officer John Alston said, "With the ASSUR product lines we are bringing tested and developed technology to the market launch. Our ASSUR family of monitoring services The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. provide for a reliable, cost effective system of monitoring the performance of services critical to maintaining quality control and public health and safety". Developed in response to companies' and regulators' urgent needs, intensified by post 9/11 concerns, the Assur systems utilize hand-held units in the field, which accept inspection data directly in accordance with pre-programmed instructions and download to servers by wireless or other means. These in turn, provide reports on demand to management or regulators, eliminating manual re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the and possible corruption of data. Recent scandals rising from faulty inspections of municipal water supplies, outbreaks of e-coli contamination from inadequately inspected food plants and other failures in critical inspections plus concern over "bio-terrorism" demonstrate the need for Carmina's products and services. The sensitivity of regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. to these highly publicized pub·li·cize tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es To give publicity to. Adj. 1. publicized - made known; especially made widely known publicised problems and to the threat of terrorism has provided a favorable climate for introducing the Assur monitoring products. Wherever inspections are mandated that are currently unmonitored, the Assur technology provides a solution with real economic benefit. The services and products of Carmina are not marketed to the public but rather to individuals in decision-making positions in the inspection sector of the targeted industries or regulatory agencies. The market potential is huge and our efforts at market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" are only just beginning. Sales commenced in the final quarter of 2002. With the current public concern over environmental and terrorist issues, management anticipates that new applications currently planned will find a ready market. An agency agreement was recently signed with a non-profit corporation of Canadian food producers, processors, transporters and marketers set up to implement in Canada the Hazard Analysis A hazard analysis is a process used to characterize the elements of risk. The results of a hazard analysis is the identification of unacceptable risks and the selection of means of controlling or eliminating them. Critical Control Point (HACCP HACCP hazard analysis critical control points. ) protocol, which is an internationally recognized means of assuring food safely from harvest to consumption. This breakthrough has the potential of placing the Company's Assur product as the technology of choice in jurisdictions around the world. For more details on Carmina's products and services visit www.carminatech.com. About Carmina Technologies, Inc. Carmina Technologies, Inc. is a company that develops and markets technological services in the performance monitoring sector. Through easy-to-use tools and systems, its technology assures consistent, standards-driven output by providers of critical services, audits and compliance-reporting from their mobile work forces. Through wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. the company is currently focused on expanding its new monitoring systems across a wide range of industries. Safe Harbor/Forward Looking Statements Disclaimer This announcement contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." Words such as "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission. |
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