Negotiations for Acquisition of MDC GPS Technology
OTC: BB Symbol: EAVR
VANCOUVER, Sept. 30 /PRNewswire-FirstCall/ -- Endeavor Exploration Inc. is currently negotiating for the acquisition of a mobile data technology for Smartphones (the "Technology"), also known as MDC GPS technology, that can run on GPS enabled Smartphones including Blackberry Storm 2, Apple iPhone, Palm Pre, and Google Andriod devices. The Technology is a software application that will run in the background and will collect and transmit location data to a server. Server applications will include location monitoring of vehicles, children and members of social networking groups.
Endeavor has signed a non-binding letter of intent with the owner of the Technology, which gives Endeavor 60 days to complete its due diligence on the Technology and the owner. During that time period, Endeavor will have the exclusive right to acquire the Technology.
Upon completion of its due diligence and the conclusion of the negotiations of the terms and conditions for the acquisition of the Technology, to the satisfaction of management, Endeavor will enter into a more formal agreement that will set out the final terms and conditions of the acquisition of the Technology.
On behalf of the Board of Directors,
Belkis Jimenez Rivero President & CEO
Tel/Fax: (206) 338-2649 email:
Safe Harbor Statement ---------------------
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DATASOURCE: Endeavor Explorations Inc.
CONTACT: Belkis Jimenez Rivero, President & CEO, Tel/Fax: (206)
338-2649, email:
