ASHBURN, Va., Oct. 21, 2010 (GLOBE NEWSWIRE) -- Red Branch Technologies, Inc. (Pink Sheets:RBTI) announced today further details of its new strategic partnership with Forza Global Partners, LLC (FGP), a Virginia Company headquartered out of Fredericksburg. Recently, Red Branch Technologies announced an LOI with Forza Global Partners and the intent to acquire a 25% stake of FGP.
Red Branch Technologies will look to add a number of its security-based solutions, such as its on the move concept and applications, to Forza's existing efforts in full service security services according to Jeff Sirianni, CEO of Red Branch Technologies, Inc. Leveraging Forza's name and specific security oriented solutions will enable Red Branch to enhance Forza's product offering while at the same time potentially enter a specific niche where it can increase product penetration. This win-win scenario, coupled with an even stronger product offering, is what both companies are looking for.
"The ability to cross promote as well as integrate specific security based applications with Forza allows us the opportunity to enhance our competitive position in the marketplace with an experienced, well-known company in the areas of security, risk management, intelligence and operations," said Sirianni. "I believe this is an ideal partnership for both companies. Our products complement Forza's and Forza has specific inroads where we can build better product awareness of Red Branch with an increased opportunity for more business."
Forza Group is a privately held, security sector parent/holding company, which specializes in security solutions for high net-worth individuals and companies in higher risks environments. We operate internationally via regionally oriented affiliates. We provide security products and services under the brand of Tri Points International Corporation ( www.tripointsworld.com ). Our Core competencies included security, risk management, intelligence and operations:
- 40+ years of U.S. Army, Air Force, and Marine Special Operations Forces and Joint Law Enforcement experience including foreign internal defense, counternarcotics, personal security details, counter-terrorism, intelligence and advance special operations.
- 25 + years of providing worldwide security services and risk management, including executive protection, personal security protection, physical protection, humanitarian assistance/ disaster relief protection and applied advanced security technologies.
About Red Branch Technologies, Inc.:
Red Branch Technologies provides sustainable-energy-powered solutions meeting commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications. The company's ability to simultaneously manage multiple renewable energy sources allows Red Branch Technologies powered solutions to stay up and running longer than the competition. Mobility is another differentiating aspect of Red Branch Technologies' solutions.
The company also offers a unique set of security products for military and law enforcement applications where cost/performance represents a critical selection factor. The application areas include Explosive Ordinance Disposal (EOD) robots, vehicular inspection and Unmanned Aerial Vehicles (UAVs).
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: Cervelle Group Investor Relations Dave Donlin 407-299-2377