Terra Energy & Resource Technologies Inc. (TEGR)

[CashFXGroupPowerTeam]

Name change will happen this week imho :)

CompuPrint to Change Corporate Name to Terra Energy & Resource Technologies, Inc.


Company to Reincorporate in Delaware and Apply for New Ticker Symbol

NEW YORK, Nov 06, 2006 (BUSINESS WIRE) -- CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company that conducts its exploration service operations through its wholly owned subsidiary, Terra Insight Corporation ("TIC"), announced today that, at its November 3, 2006 shareholders' meeting, its shareholders approved actions to reincorporate the company in Delaware and to change its corporate name to Terra Energy & Resource Technologies, Inc. The Company anticipates that its reincorporation, name change, and a new ticker symbol will be effective shortly.
"Changing our name and ticker symbol will more closely identify our Company with the exploration services we deliver, and is consistent with the public relations campaign we have commenced. We recently announced three contracts from three important companies operating on three different continents. It is our goal to improve familiarity and to achieve industry and public recognition for our STeP(R) process, through media interviews, published articles and appearances at conferences," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "Publicizing our STeP technology should open opportunities to work with additional major exploration companies in the near future."

About CompuPrint, Inc.

CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides analysis for exploration for oil and gas as well as other minerals subsurface. The Company primarily uses proprietary satellite-based STeP (Sub-Terrain Prospecting) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies satellite and geologic data to determine locations and depths of natural resource deposits, and assess them for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses totaling more than one million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo of more than one thousand square kilometers, (3) a working interest in a one million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases in East and South Texas. For more information visit http://www.terrainsight.com.

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, inclusive but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.

SOURCE: CompuPrint, Inc.



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