Earth Search Sciences Announces New Corporate HQ in Boston
July 31 2008 - 7:00AM
PR Newswire (US)
Fast-growing company opts to re-locate among research facilities
and potential investors LAKESIDE, Mont., July 31
/PRNewswire-FirstCall/ -- Earth Search Sciences, Inc., (OTC:ESSE)
(BULLETIN BOARD: ESSE) a technology company focused on the
development of domestic, inland oil resources, has announced it is
relocating its corporate headquarters to Boston, Massachusetts. The
move comes amidst a recent surge of company activity, including its
appointment of Luis Lugo as CEO, acquisition of General Synfuels
Inc. (GSI), and engagement of Industrial Systems, Inc. (ISI) to
design, fabricate and install the components of its patented oil
shale gasification technology for a full-scale test. Boston's
immediate access to venture capital investors and key financial
markets served among several motives for the move East. "Boston's
world-class research and learning institutions, as well as its
proximity to other corporate entities in the technology sector,
make it the ideal hub for our corporate operations," said Lugo of
the move. "In addition, our need to quickly build a team, including
professionals in the areas of finance, science, logistics and
product development makes Boston ideal for Earth Search," he added.
While Earth Search will domicile its corporation in Boston, it will
maintain a local field office in Delta, Colorado where ISI is
currently producing crucial test components for Earth Search's
full-scale test of its patented gasification process. Dr. Ronald
McQueen, inventor of the gasification process, will oversee field
operations. "ISI is well underway in the process to test our new
technology," said Larry Vance, Chairman of Earth Search. "Delta's
proximity to vast oil shale reserves also makes it a perfect fit
for our plans to conduct our first full-scale test in the very near
future." About Earth Search Sciences - http://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. The application of Earth Search's patented and
IP-protected hyperspectral technology cuts across the commercial,
medical and military spectra. About Petro Probe -
http://www.petroprobe.com/ Petro Probe, Inc. is a private petroleum
company using advanced technology in the search for and production
of hydrocarbon products. The company was formed in 2000 as a
majority-owned subsidiary of Earth Search Sciences, Inc.
(http://www.earthsearch.com/), a public company listed on the OTCBB
exchange under OTCBB:ESSE. Petro Probe's mandate is to identify and
develop hydrocarbon properties utilizing Earth Search Science's
exploration programs, including the use of a new patented method to
recover oil and gas within oil shale, tar sands and heavy oil that
positions the company to become a significant presence in the oil
shale and heavy oil industry. The company has established a clear
path to grow and develop Earth Search Sciences and Petro Probe in
the oil shale, tar sands and heavy crude market segments. 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. DATASOURCE: Earth Search Sciences, Inc. CONTACT: Luis F.
Lugo of Earth Search Sciences, Inc., +1-857-488-0532, ; or Patrick
Cusick, +1-208-388-3800, , for Earth Search Sciences, Inc. Web
site: http://www.earthsearch.com/ http://www.petroprobe.com/
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