EmergenSys Corporation Enters Into Licensing Agreement With SeaQuest Technologies.Business Editors QUEBEC--(BUSINESS WIRE)--Feb. 18, 2004 EmergenSys Corporation ("EmergenSys" or the "Company") (OTC BULLETIN BOARD OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : EMGS EMGS Electromagnetic GeoServices ), a public safety system provider is proud to announce that it has entered into a licensing agreement with SeaQuest Technologies MKG MkG Mit Kameradschaftlichen Grüßen (German: With Best Regards) MKG Mitsubishi Kreditbank GMBH (German branch of Mitsubishi Bank) MKG Muskegon, MI, USA - Muskegon County International Airport Inc. ("Seaquest") of Rimouski, Quebec Rimouski is a Canadian city (ville) on the center part of Bas-Saint-Laurent region in eastern Quebec, located on the south shore of the Saint Lawrence River at the mouth of the Rimouski River, and km ( mi) north-east of Quebec City. whereby it has acquired an exclusive, worldwide, perpetual license respecting SeaQuest's Coastal Network Management System technology. This system is a real time data acquisition management infrastructire system specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. for the needs of coastal monitoring of environmental conditions that affect navigation and operations in a port or seaway, such as water levels, currents, waves and weather. EmergenSys is required to issue two million shares of its common stock to Seaquest in exchange for the license. Seaquest has the further right to receive up to an additional 700,000 shares under the agreement based on contract revenues that the Company may receive related to the licensed technology. Seaquest is a developer of integrated technological solutions for improving the effectiveness of marine operations related to public safety and support systems. The Company believes the Seaquest technology is highly compatible with its own and anticipates that it will further the Company's goal of becoming a global provider of integrated public safety systems. The technology which is the subject of the license agreement may require additional development with respect to the final version that will be commercialized by the Company. The Company believes that the licensed technology, in combination with its own technologies and expertise, will enable a new generation of system meeting new world standards bringing their users to increased levels of efficiency and security with fully integrated solutions. It is also expected that these combined technologies will provide effective and reliable solutions to enhance vessel traffic management, marine science, environmental monitoring and data management used by port authorities port authorities npl → autoridades fpl portuarias and security agencies. FORWARD LOOKING STATEMENTS This news release 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. as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . |
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