CompuPrint Delivers Stage 2 STeP(R) Technology Report for Diamond Exploration in Congo
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, announced today that its wholly-owned subsidiary, Terra Insight Corporation (TIC), has delivered its Stage 2 STeP technology report to the Congo exploration affiliate of a multi-billion dollar company. The STeP report identifies a number of potential diamond-bearing sites within the area of interest. The client has informed TIC that it is dispatching geological field teams to survey the sites which STeP has indicated as showing potential. After such survey by the local geologists, TIC and the client will select the most promising sites for Stage 3 analysis, the most detailed stage of STeP analysis. It is anticipated that the Stage 3 STeP report will be delivered in the First Quarter of 2007The Stage 3 STeP report will be prepared to pinpoint drilling location(s) and depths of diamonds.. The September 2006 service contract provides for TIC to receive a 5% working interest, a 1% free participation interest, and a success fee from revenue generated, as well as a small up-front payment that has already been received.
In preparing its analysis, the Company utilizes a proprietary technology STeP which is based on interpretation of satellite data to effectively identify kimberlite minerals containing diamonds. STeP is also used to find other natural resources subsurface, including oil and gas, gold and even water.
"Our client has stated its satisfaction with our Stage 2 Report, and is taking specific actions based upon our recommendations. It is presently the rainy season in the Congo, but our client has indicated that it will be commencing preliminary explorations of the specific sites we have recommended. STeP enabled us to reduce the area of interest by more than 90% and to further concentrate on very specific, relatively small areas. This project also demonstrates to the exploration industry STeP's ability to more effectively and efficiently conduct exploration efforts," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "STeP has already demonstrated that it can help substantially in locating kimberlite pipes for diamond exploration. In addition, this Congo project complements our 1,250,000 acre offshore Namibia diamond prospect for which we have obtained licenses from the Government of Namibia. We are optimistic that our STeP technology will open more opportunities with this client and other major exploration companies. We are currently in negotiations to render services to several potential clients of similar size." __________________
PCola77
posted
What is the float?
stocktrader22
posted
As of August 14, 2006, the issuer had 43,008,338 shares of common stock outstanding.
Float is going to be small
PCola77
posted
Oh, I wouldn't consider that small. I guess everythign is relative.
O/S x price is over $10million
stocktrader22
posted
quote:Originally posted by PCola77: Oh, I wouldn't consider that small. I guess everythign is relative.
O/S x price is over $10million
Expecting over 100million in revenues this year
Check this out:
CompuPrint Inc reports conversion of debentures into common stock
Sep 26, 2006 (M2 EQUITYBITES via COMTEX) -- CompuPrint Inc (OTCBB: CPPT), an energy technology company, reported on 25 September that investors have converted all USD5m of its outstanding debentures into common stock at a conversion price of USD0.50 per share.
This represents a premium of more than 150% over the current trading price.
The transaction with Enficon Establishment and its affiliate, Kiev Investment Group, resulted in the issuance of 10m restricted common shares of the company in exchange for the surrender of the USD5m of debentures that had maturity dates of 31 December 2007 and 2008.
PCola77
posted
Cool. BTW just realized that it was you that I was talking to about that other stock yesterday. Sorry to keep trying to bring down your threads. Guess we just have different trading styles
stocktrader22
posted
quote:Originally posted by PCola77: Cool. BTW just realized that it was you that I was talking to about that other stock yesterday. Sorry to keep trying to bring down your threads. Guess we just have different trading styles
What do you see here that you don't like?
100million in revs/50mill outstanding=$2.00 share price
They converted at .50 meaning they are already in the red...they know this is on the up and up
PCola77
posted
No, I don't mean I don't like it, just that I was arguing with you right off the bat that I don't think this is a low float stock. I wasn't speaking to the potential of the stock itself.
posted ![[Smile]](smile.gif)