To the Shareholders of Oteegee Innovations Inc.
Oteegee Innovations (OTCBB:OTGI) issues the following letter to its
I am writing you today because I believe it is important that
shareholders are fully informed about the events that directly
impact our Company. Of course I feel very strongly about protecting
the interests of our shareholders, and believe it is imperative
that we convey the new opportunity that the Company is currently
undertaking with all of the benefits.
During our due diligence of Grail Semiconductor, our initial
feedback was that the investment community would support a
long-term vision IP investment in Grail, but following the signing
of the LOI we were unable to secure sufficient funding to close the
project in August 2010. Since the subsequent termination of the LOI
to acquire Grail we have been working relentlessly to deliver both
capital value and shareholder enhancement to the Company.
As with anything in life we must be positive and move forward,
and Oteegee lives by the same philosophy. The Company
continues to own 100% of Pay By The Day and most recently was
extremely pleased and proud to announce the signing of an LOI to
acquire 100% interest in the Abigail lithium property in Quebec on
November 12th, 2010.
Oteegee's transformation into the mining sector will allow the
Company to experience and prosper from a booming sector driven by
huge demand placed on Canadian resources by China and other
emerging economies. The decision to acquire the Abigail
property was further validated by neighboring Nemaska Exploration's
Whabouchi projects confirmation of high grade spodumene and its
ranking by researcher signumBOX of 1st in Canada and 3rd in the
world amongst hard rock pegmatite projects being
The Company is still driven in its belief in technology and is
looking to stay in the vertical technology space. Our growth
will continue with a focus in the commodity supply side starting
with the Abigail lithium project. Lithium is a viable entry
point into the mining sector due to its diverse range of end
uses. We consider the battery market, primarily for hybrid and
electric vehicles and as storage batteries for wind and solar power
plants, as its target market. Lithium ion batteries have
become the rechargeable battery of choice for the makers of cell
phones, laptop computers, power tools, and hybrid cars. In
addition, the future of lithium lies in the global demand for
environmentally friendly plug-in electric cars. With the
prospect of soaring demand from the auto and technology sectors, we
will seek to form strategic relationships with large
auto/technology companies for distribution of potentially all end
products. The Company believes it is in the most opulent area
for future growth and creating shareholder value, and we are
extremely excited about our future.
In closing this letter to you I would like to personally thank
you our shareholders for your patience, loyalty, and
support. We look forward to continuing to build shareholder
value for you over the long term.
Chief Executive Officer
The Oteegee Innovations, Inc. logo is available at
CONTACT: Oteegee Innovations Inc.
Jordan Starkman, CEO