"When we began negotiations to acquire X-Treme we did not expect to generate much revenue prior to the busy fall/winter drill season, but as it stands now, we may have more on our plate during the summer than we could have imagined."
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Royal Quantum Group, Inc. (OTCBB: RYQG) announces the acquisition of X-Treme Oilfield Communications Ltd. has been completed. X-Treme Oilfield Communications will operate as a wholly owned subsidiary of Royal Quantum Group Inc. The company has secured a draw down line of credit to facilitate marketing and development of the X-Treme subsidiary, equipment purchase for revenue generation and working capital. X-Treme is a provider of high-speed satellite communications to the oil and gas sector. The X-Treme product line offers voice, fax and real time data transfers, using both wired and wireless technology with the capability to broadcast to multiple users on any specific location. X-Treme also provides Hot Spot Services and can configure phone/fax capabilities through VoIP and FoIP installations, making it simple and cost effective to communicate to anywhere in the world with no added long distance or airtime charges.
X-Treme has supplied both fixed and mobile units for numerous oil and gas companies working in Northern Alberta, British Columbia and the Northwest Territories. Efforts will focus on expanding the marketing and corporate awareness of the X-Treme product line in order to maximize the cash flow potential from this industry. The company is also seeking to expand to other industries, which require the need for high speed communications in remote locations.
Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
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posted
The CEO is trying to make all of us money and he has the most to gain by boosting the share price. I'll tag along for my share of the bounty.
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