Syncronys International announced today that they have signed a
stock exchange agreement to acquire Seeker Technologies Ltd.
MANDEVILLE, La., March 12, 2013 /PRNewswire/ -- Syncronys
International (OTC Pink: SNTL) is pleased to announce that they
have signed a stock exchange agreement to acquire 100% of Seeker
Technologies Ltd, a UK private company. Terms of the transaction
were not disclosed.
According to Rex Gay, Syncronys
CEO, "Seeker's ground-breaking technology offers SNTL new business
opportunities in a variety of areas without a great deal of
competition.
Seeker Technologies Ltd (Seeker) - www.seeker-tec.com is a UK
based technology company operating in the aerial survey industry
with four strategic business units: Mineseeker, which offers
services to the humanitarian de-mining community, Mineral Seeker,
aimed at the oil and gas industry, Landseeker which targets the
agricultural sector and Aquaseeker which is working in the field of
water sourcing. The company intends to initially focus on
aerial survey and the detection of land mines, specifically
throughout the continent of Africa.
The proprietary, core technology, pioneered by Mineseeker, is a
fusion of new ground penetrating radar that can detect sub surface
objects including plastic and metal landmines, and a suite of other
sensors including infra red, near infra red and high definition
photo mosaicing. These images, when combined, produce a readable
map that will enable on the ground personnel to operate safely.
This game changing technology should dramatically reduce the cost
of demining by eliminating most of the time involved in identifying
buried objects in this multibillion dollar humanitarian market
sector. The technology has been extensively trialed by defense
contactors in the UK and USA on
test sites and on live landmined areas in post conflict
countries.
The humanitarian market for the eradication of landmines is
estimated at many billions of dollars. Currently the United Nations
estimate more than 100 million landmines are buried beneath the
surface of the planet, effecting more than 800 thousand square
kilometers. The cost of traditional clearance is between
2 and 6 million dollars per square
kilometer. Mineseeker believe that its airborne technology can
survey and identify landmines at an average cost of $150,000 for a similar area. In 2011, funding
agencies and Governments, paid over $600
million and liberated just two hundred square kilometers of
land, (approximately $3 million per
sq kilometer).
Seeker is licensed to use the Seeker name through the Mineseeker
Foundation, (www.mineseeker.org) which was established by Chairman,
Mike Kendrick. The Foundation,
enjoys the support of high profile Patrons including founder Patron
Nelson Mandela and acts in support of landmine victims throughout
the world.
The Seeker management team believes that the technology has
major applications in other market sectors including oil and gas,
water, animal census and crop monitoring. The company is currently
in the process of forming a partnership with a Canadian oil and gas
company to service that sector and is identifying other strategic
partners to develop further income streams.
The management team is made up of proven industry professionals
with strong connections in the targeted market sectors both
commercially and politically.
Safe Harbor Statement
This release contains forward-looking statements that
relate to future events or performance. These statements reflect
the company's current expectations and are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform
Act of 1995. The company does not undertake to update or revise
these forward-looking statements, even if experience or future
changes make it clear that any projected results expressed or
implied in this or other company statements will not be realized.
Furthermore, readers are cautioned that these statements involve
risks and uncertainties, many of which are beyond the company's
control, which could cause actual results to differ materially from
the forward-looking statements. Factors that could cause these
differences include, but are not limited to, the acceptance of our
products, lack of revenue growth, failure to realize profitability,
inability to raise capital and market conditions that negatively
affect the market price of our common stock. The Company disclaims
any responsibility to update any forward-looking statements.
SYNCRONYS INTERNATIONAL, INC.
REX GAY, CEO
800-382-7271
INFO@SYNCRONYSINTERNATIONAL.COM
SOURCE Syncronys International, Inc.