NEWS & INFO
News » Update, Overseas Expansion Tue Jul 18 5:59:55 UTC 2006
Real Time Measurements Inc. (RTY on TSX.V) (the “Company”) is pleased to announce that equipment to be sent to Tunisia is currently undergoing testing for use in the development of hydrocarbon resources in this international region. RTM will be sending specific technology and equipment designed to provide reservoir evaluation services currently identified by its international partner NA Solid Petroserve. Management anticipates that the testing stage will be complete by July 15, 2006, and equipment will be in transit shortly thereafter.
In addition to this expansion development, the Company would also like to announce that the previously announced private placement has been closed, raising $195,000 Cdn for its international expansion. The Company originally announced a private placement for $260,000 Cdn, but closed the financing for the smaller amount with sufficient funds to complete its new strategy. The company also continues to focus efforts on bringing new technologies to its domestic and international customers, with developers continuing to make progress and meet milestones for its DataTrak technology. The DataTrak suite of products is designed to increase efficiencies related to the capturing and analysing of measurement data required in oil and gas, coal bed methane, and water projects.
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.