EKWX - PR #2
Ekwan-X, Inc. Gives Company Update
TORONTO, Dec 23, 2004 (PRIMEZONE via COMTEX) -- Ekwan-X, Inc. (Pink Sheets:EKWX) is very pleased to announce that it will bring the most advanced airborne hyperspectral technology to the mineral exploration industry. This technology will provide Ekwan-X with a high probability of finding a mine.
"Ekwan-X has fully tested its hyperspectral technology which will start a revolution in the field of mineral exploration. We are excited that this technology will exploit the dynamic capabilities of hyperspectral technology," said Ed Godin, CEO and President of Ekwan-X, Inc. "We will concentrate on fully exploiting highly mineralized areas in Nevada, New Mexico, and Arizona. These areas are the most prolific gold mining regions in the world. Very few companies in the mineral exploration field understand the significance of the dramatic advances made in this technology and its potential for mineral exploration."
This technology allows for mineral mapping of the earth's surface at very rapid rates and substantial lower cost. A mineral map 2,000 feet wide and 100 miles long can be created in one hour compared to three years of conventional geochemical mapping.
The current composition of the Company's management consists of:
Ed Godin -- President and CEO. Mr. Godin is also the President and CEO of Continental Precious Minerals, a Mining Exploration and Venture Capital Company. Mr. Godin has been active in the raising of more than $200,000,000 for Mineral Exploration and Venture Capital groups. Mr. Godin has over 15 years of experience in the management of junior companies.
Dr. Stewart Jackson, PhD. -- Vice President Explorations. Dr. Jackson is a skilled geologist with four decades of professional experience in the mineral industry. Dr. Jackson has been instrumental in the exploration and development of precious metal and base metal deposits in a wide range of environments, with responsibility for the discovery and development of major mineral deposits. Earlier in his career, with Houston Oil and Mineral, Dr. Jackson managed 400 to 500 employees. At Crown Resources, Dr. Jackson successfully managed gold and diamond mining, as well as oil and gas exploration.
Steve Marinkovich, B.A.Sc., P.Eng., MSCE -- Vice President of Technology. Steve Marinkovich is a computer industry veteran with over 15 years experience working for a wide range of companies as a hardware and software systems specialist. With his extensive knowledge, he brings a high level of expertise to the company in many aspects of operational processes and technology platforms. After receiving his Bachelor of Applied Science in 1989, he became a Professional Engineer, as well as a certified Microsoft systems engineer, and currently works in the industry as a senior level technology consultant for various Fortune 500 companies.
Ekwan-X, Inc. is a mineral exploration company using hyperspectral imaging technology. Ekwan-X will concentrate its resources to fully exploit the highly mineralized areas in Nevada, New Mexico, and Arizona.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
ON BEHALF OF THE BOARD of EKWAN-X, INC.
SOURCE: Ekwan- X Inc.
By Staff
CONTACT: Ekwan-X, Inc.
Ed Godin
+1-416-805-3036
www.ekwan-x.com
(C) 2004 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Mining & Metals
SUBJECT CODE: MINING
TECHNOLOGY
Company Announcement
