Jackson River (JKRI)

[powerbattles]

Jackson Rivers Company, Inc. Completes Trip to Nigeria, Furthers Talks With Nigerian Gas and Oil Companies

April 26, 2006 09:01:25 (ET)


SAN DIEGO, April 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- James Nelson, President of The Jackson Rivers Company, Inc. (JKRI, Trade), 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 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.


Janet Whitehead of The Jackson Rivers Company, Inc., [phone]
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.