updated 4/1/2011 9:15:51 AM ET 2011-04-01T13:15:51

ASHBURN, Va., April 1, 2011 (GLOBE NEWSWIRE) -- Red Branch Technologies, Inc. (Pink Sheets:RBTI) announced today a corporate update from its Chairman of the Board, R. Paul Gray:

Dear Fellow shareholders,

I want to provide you an update on the Company's progress as we continue to move forward in 2011.

We have provided accurate, current and complete financial information available on Pink Sheets and we have also made full disclosure of our financial standing meaning we continue to be recognized as a fully transparent company by Pink Sheets and the OTC markets along with the investment community at large. 

This takes hard work and preparation but we believe it is essential to our company as a public entity. In addition, this fully reporting status brings new opportunities to our table which we plan on fully exploring. 

As we previously announced, our intention to acquire a stake in Forza Global Partners, LLC. is progressing. With core competencies in areas such as global professional security services and programs support to government and corporate clients, advanced electronic and mechanical security design and application and complete licensing and value added reseller agreements worldwide we are as enthusiastic as ever to work with them. The expertise in the aforementioned areas will give us an advantage we have not had until now but plan on maximizing through a multitude of strategic liaisons.

Forza Global Partners has stood with us side-by-side through this time-consuming but very worthwhile process of enhancing our corporate transparency and visibility. We truly believe this will strengthen the connection between our two companies. We also anticipate announcing the completion of this transaction soon.

We fully understand that communication between the executive level of our company and our trusted shareholders is vital as we build Red Branch Technologies. We will continue to issue updates as new information becomes available. We also anticipate we will be issuing more updates in the form of press releases in the near future.  

I also want to thank you, as shareholders, for standing by us in a difficult time in the market. Although there is much uncertainty in the economy, I believe that if we continue to provide sustainable-energy-powered solutions to our targeted customers while developing meaningful synergistic partnerships such as the one with Forza Global Partners, we will successfully evolve into a viable company throughout 2011 and beyond. 

Our focus is true and we are as committed as ever to increasing not only the transparency of our company but to building shareholder value. Thank you once again for taking this exciting journey with us!


R. Paul Gray

Chairman of the Board

More detailed information can be found at www.RedBranchTech.com.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

CONTACT: Investor Relations
         David Donlin
         Cervelle Group

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com