• News » RTM Open for Business in USA Wed Dec 31 3:17:23 UTC 2008

    Real Time Measurements Inc. (RTY on TSX.V) (the “Company”) is pleased to announce that a new Company has been formed by a group of private individuals in the United States called RTM­US LLC (“RTM­US”) of which RTY is a minority shareholder. RTM­US and RTY have entered into a contract which grants RTM­US the exclusive right to market RTY products in the United States and use RTY marketing material in exchange for the maintenance of certain minimum performance criteria. RTM­US is operating and the first sales have already taken place. Mr. Matthews, CEO of RTY said “I look forward to working along side our new partners at RTM­US. The RTM­US team are proven performers in this business. This development is a signal to the world that RTY is not alone in its confidence that there is an exciting future ahead for the Company based on the commercial deployment of RTY products.”

    Real Time Measurements is a Canadian oil and gas technology development company that designs, builds and sells equipment and provides services to oil and gas companies in various parts of the world. The company uses innovative applications of recent technological developments to solve selected oil and gas upstream measurement problems in more efficient ways. The Company’s primary business activity revolves around the commercial development of premium quality sensors and data gathering systems which are used primarily in oil and gas wells.

    The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy. Certain statements included in this news release constitute “forward­looking information” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward­ looking statements that involve various risks and uncertainties. Specifically, some of the material risks include not being able to complete the tasked described in the contract or if the oil and gas industry experiences a significant downturn. The forward­looking information contained in this news release represents the expectations of Real Time as at December 31 2008, and, accordingly, is subject to change after such date. However, Real Time expressly disclaims any intention or obligation to update or revise any forward­looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.