DecisionLink Signs Memorandum of Understanding for Distribution in the Middle East and Central Asia.Business Editors LAS VEGAS--(BUSINESS WIRE)--Dec. 12, 2000 DecisionLink Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DLNK DLNK Digital Link DLNK Destination Link ) announced today that it has entered into a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Ridlington Enterprises Limited of Tortola, British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. , to form a joint venture company to identify a mass market for DecisionLink's products in the Middle East and Central Asia and to provide suitable distribution channels for those products. The formation of the Joint Venture is subject to the parties reaching agreement on the terms of a definitive joint venture agreement that is expected to be in place by the end of January 2001. Ridlington Enterprises Limited is part of the TRADCO Group of Companies which is the holding entity for a group of Saudi Arabian companies This is a list of Saudi Arabian companies. A considerable proportion of Saudi companies are owned by families, including the royal family. Top companies
or shaykh Among Arabic-speaking tribes, especially Bedouin, the male head of the family, as well as of each successively larger social unit making up the tribal structure. The sheikh is generally assisted by an informal tribal council of male elders. Khalid A. Alturki and Sons. The group is engaged in trading, contracting and manufacturing and has subsidiaries and associates in the USA, Canada, and Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. . TRADCO's main interests include: Oil & gas installations (both on & offshore); petrochemical and industrial installations; power plants, substations, transmission lines and distribution systems; construction management and materials; electrical and mechanical contracting; electronics, including process controls, computer maintenance, batteries, telecommunications, mobile radios, instrumentation and paging systems; and general trading. The TRADCO group has completed numerous and extensive programs for Saudi Arabian Oil Co. (SAUDI ARAMCO Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. ) and other major international corporations. Geoffrey Hewitt, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DecisionLink, said, "We have many FiberChem and Intrex products suitable and ready now for introduction into the Middle East and Central Asia markets. We are looking forward to working with Ridlington and the TRADCO group to introduce our SensorFusion(TM) products for markets related to oil and gas, electrical distribution and automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. , water monitoring, storage tanks, pipelines and propane." David Peachey, President of DecisionLink, said, "We view the signing of this MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. with Ridlington as a landmark achievement in our plan to build our world-wide distribution system. Ridlington and the TRADCO group is a substantial joint venture partner. They are experienced, dedicated, and have the organizations in place to work with us to successfully market our systems and products. Since completing the merger of Intrex and FiberChem we have focused on building an infrastructure that will allow us to quickly enter the international market place. This agreement with Ridlington is a solid building block in our plan." Mr. Zahid Khawaja, CEO of Ridlington, said, "As part of the TRADCO group we are venturing into new areas of interest to meet the changing demands of Saudi Arabian business life, and the increased opportunities throughout the Gulf." He went on to say, "TRADCO's philosophy, and commitment to the marketplace, is simple - it believes in the continued strengthening of the Kingdom's industrial and commercial base through increased private enterprise and investment. In turn, TRADCO prides itself in having companies that offer their customers the highest quality and reliability of products, workmanship and service. TRADCO has over the years worked with virtually every government authority and major private corporations in the Kingdom, and can confidently claim that it has lived up to these principles. We are looking forward to working with DecisionLink in bringing new technology and quality products and services to our existing customers and to new markets throughout the Middle East and Central Asia." DecisionLink has developed a wide range of products for the monitoring of remote and mobile assets. The Company provides end-to-end solutions for remote asset monitoring in the oil and gas, utility, propane, and environmental industries. DecisionLink's SensorFusion(TM) is a high-volume, low-cost, resource management tool that provides high value "Real-Time" information for the monitoring and control of remote assets through the ubiquitous worldwide satellite communication networks of ORBCOMM and Norcom and other wireless mediums. SensorFusion(TM) is a new concept that integrates the sensing and messaging functions into one low-cost package, seamlessly communicating through the DecisionLink Data Network (DDN (Defense Data Network) An Internet-based global communications network created by the U.S. Department of Defense. In April 1996, users were moved to the more modern Defense Information Systems Network (DISN) made up of NIPRnet (Non-classified IP Router Network) and ). Using TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. as its base protocol, the Company has developed its technology to interface with many customer-supplied management information and resource planning systems. This release includes forward-looking statements relating to the Company's operations that are based on Management's and third parties' current expectations, estimates and projections. These statements are not guarantees of future performance and actual results could differ materially. These statements involve risks and uncertainties including, but not limited to, the DecisionLink's ability to market its services using the Company's technologies throughout the world, the timely development and acceptance of new products, the ability to manufacture new products in commercial quantities at reasonable cost, the impact of competitive products and pricing, final promulgation PROMULGATION. The order given to cause a law to be executed, and to make it public it differs from publication. (q.v.) 1 Bl. Com. 45; Stat. 6 H. VI., c. 4. 2. and enforcement of regulations, the timely funding of customer's projects, the ability to generate sufficient working capital from operations and/or attract investment or place debt in sufficient amounts to fund the financial obligations of the Company's business model and other risks detailed from time to time in the Company's SEC reports. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. |
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