CompuPrint Delivers Stage 2 STeP(R) Technology Report for Diamond Exploration in Congo.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CompuPrint, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPPT cPPT central polypurine tract CPPT Cadet Protection Policy Training CPPT Cut Protection Performance Test CPPT Comité Prévention et Protection au Travail (French; Belgium CPPT Constant Proportion Portfolio Technique ), an energy and natural resource exploration technology company, announced today that its wholly-owned subsidiary, Terra Insight Corporation (TIC), has delivered its Stage 2 STeP technology report to the Congo exploration affiliate of a multi-billion dollar company. The STeP report identifies a number of potential diamond-bearing sites within the area of interest. The client has informed TIC that it is dispatching geological field teams to survey the sites which STeP has indicated as showing potential. After such survey by the local geologists, TIC and the client will select the most promising sites for Stage 3 analysis, the most detailed stage of STeP analysis. It is anticipated that the Stage 3 STeP report will be delivered in the First Quarter of 2007. The Stage 3 STeP report will be prepared to pinpoint drilling location(s) and depths of diamonds. The September 2006 service contract provides for TIC to receive a 5% working interest, a 1% free participation interest, and a success fee from revenue generated, as well as a small up-front payment that has already been received. In preparing its analysis, the Company utilizes a proprietary technology STeP which is based on interpretation of satellite data to effectively identify kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. minerals containing diamonds. STeP is also used to find other natural resources subsurface sub·sur·face adj. Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water. Adj. 1. , including oil and gas, gold and even water. "Our client has stated its satisfaction with our Stage 2 Report, and is taking specific actions based upon our recommendations. It is presently the rainy rain·y adj. rain·i·er, rain·i·est Characterized by, full of, or bringing rain. rain i·ness n.Adj. season in the Congo, but our client has indicated that it will be commencing preliminary explorations of the specific sites we have recommended. STeP enabled us to reduce the area of interest by more than 90% and to further concentrate on very specific, relatively small areas. This project also demonstrates to the exploration industry STeP's ability to more effectively and efficiently conduct exploration efforts," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "STeP has already demonstrated that it can help substantially in locating kimberlite pipes for diamond exploration. In addition, this Congo project complements our 1,250,000 acre offshore Namibia diamond prospect for which we have obtained licenses from the Government of Namibia. We are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that our STeP technology will open more opportunities with this client and other major exploration companies. We are currently in negotiations to render services to several potential clients of similar size." About CompuPrint, Inc. CompuPrint, Inc., through its wholly owned operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons hydrocarbons (hīˈ·drō·kärˑ·b n. , gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates also holds a working interest in a one million acre Kurdistan oil prospect, 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 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. : 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. |
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