Earth Search Sciences, Inc. (OTCBB:ESSE) today announced its strategic plan for commercialization of the company�s 200,000 square kilometers of archived airborne hyperspectral data. The plan encompasses both its existing archived of airborne hyperspectral data and new data developed as a result of its ongoing operations. The strategy calls for Earth Search to continue to provide refined, industry-specific data to sector demands and to separately identify targeted value bandwidths (mineral deposits) for the company�s own development. Earth Search is actively seeking third-party partners; the partner would invest their funds to commercialize their database. Ultimately, the third-party partner would provide Earth Search a carried interest � and in some cases � net smelter royalties that would result from their use of this information. �Our value proposition is simple: we identify mineral deposit bandwidths of potentially enormous market value and then market the data to interested companies for cash and a carried interest,� said Larry Vance, president of Earth Search. �As a matter of fact, and to reinforce what we believe signals a very successful strategic approach, we are currently negotiating a letter of intent to commercialize our data. Alternatively, we have the option to simply decide to develop them on our own.� About Earth Search Sciences � www.earthsearch.com Earth Search Sciences, Inc.�s (OTCBB:ESSE) revolutionary hyperspectral technology provides the ability to accurately read the chemical properties of surface substances from great altitudes and produce easily interpreted maps allowing the user to identify specific minerals and substances on the surface of the earth by their diagnostic reflectance patterns. Ultimately, this remote sensing capability�identifies a greater number of exploration targets quickly and economically, monitors the environmental situation, and improves the probability of finding anomalies. Older, more conventional methods would take�decades to cover the same area, and at a much greater cost. Within the realm of exploration, remote sensing does not replace the need for geological knowledge, geochemistry, geophysics, seismic, drilling, etc, which are some of the more conventional tools used for exploration. This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
Earth Search Sciences (CE) (USOTC:ESSE)
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