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The Jackson Rivers Company, Inc. JKRI), returned
yesterday from a follow up visit to Nigeria where he met with key officials to
further negotiations on the Company's bids to provide information technology(OTC Bulletin Board:
and telecommunication services for oil and gas companies in that country. The
Company, in conjunction with UTSI International Corporation of Houston, Texas
and MPS Services, Ltd., an indigenous Nigerian company, is currently bidding
on a variety of opportunities within Nigeria, one of the world's largest
producers of oil and gas. Specifically, we are among the finalists for
providing consulting services associated with a large modernization and
automation project (including new SCADA systems) for the country's leading gas
transmission company. In addition, we are in the latter stages of discussions
with a division of the Nigerian National Petroleum Company (NNPC) with regards
to a project to develop and install a new information management application
that would enhance the ability to manage their portfolio of oil and gas
development projects.
Jackson Rivers Company, Inc. is a developer of Machine to Machine (M2M)
services, network engineering and data management services. Its wholly owned
subsidiary, Diverse Networks, Inc, is an established provider of SCADA system
consulting services, network engineering services, information technology
applications, and data collection and management services for the US oil and
gas industry. Some of these projects have been for the world's leading oil
and gas companies.
Stated James Nelson, President of Jackson Rivers Company, "Our trip was
the fourth within the past 14 months and was extremely successful. We were
able to meet with some of the key personnel responsible for new technology
applications within the nation's oil and gas industry. Nigeria's desire to
improve and expand their ability to manage and monitor their oil and gas
resources have created some very large opportunities for JKRI, and in
partnership with MPA and UTSI, we feel we are the best qualified for these
projects. We still have to wait to hear the final decisions but we remain
extremely optimistic. We at least know that as the result of our business
development efforts over this past year, we have developed relationships that
we hope will return benefits for us both now and in the future."
Nelson also pointed out that, "Nigeria has natural gas reserves in excess
of 100 trillion cubic feet which are the 10th largest reserves in the world.
For many years, the operating companies have flared much of the gas produced
within the country. The Nigerian government has recently made strides towards
the reduction and eventual curtailment of that practice. Many high level
officials that I have spoken with within the country are of the opinion that
the longer term future of the petroleum industry in Nigeria will be in natural
gas. At this time, Nigeria has a limited level of infrastructure and
technical resource to efficiently manage the transportation and distribution
of the additional large quantities of natural gas. I see many opportunities
for JKRI to assist the country in the development of those capabilities."
More information on the company can be found at www.jacksonrivers.com and
at www.diversenet.com. Information on UTSI International can be found at
www.utsi.com.
Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral statements
of JKRI and Diverse officials are "Forward-Looking Statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements which are predictive in nature,
which depend upon or refer to future events or conditions, which include words
such as "believes," "anticipates," "intends," "plans," "expects," and similar
expressions. In addition, any statements concerning future financial
performance (including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future JKRI and Diverse
actions, which may be provided by management, are also forward-looking
statements as defined by the Act. Forward-looking statements involve known
and unknown risks, uncertainties, and other factors which may cause the actual
results, performance or achievements of the Company to materially differ from
any future results, performance, or achievements expressed or implied by such
forward-looking statements and to vary significantly from reporting period to
reporting period. Although management believes that the assumptions made and
expectations reflected in the forward-looking statements are reasonable, there
is no assurance that the underlying assumptions will, in fact, prove to be
correct or that actual future results will not be different from the
expectations expressed in this report. These statements are not guarantees of
future performance and JKRI has no specific intention to update these
statements.
SOURCE The Jackson Rivers Company, Inc.


Contact Information:
Janet Whitehead of The Jackson Rivers Company, Inc., [phone]

WebSite:
http://www.jacksonrivers.com