shipwrecked, When I talked about GZFX going to the moon, I never thought it would be in this manner....lolol
SuperVision Entertainment Inc: (TICKER SYMBOL: SVET) SuperMag Update: SuperMag Headed for NASDAQ and the Moon Related Stocks
SVET
LOS ANGELES, CA -- (MARKET WIRE) -- 02/26/07 --
SuperVision Entertainment Inc. (SVET - news)
Since the first announcement of the "SuperMag" generator in May of 2006 the product has become known around the world. The benefits of a clean, inexspensive alternate power source are continuing to be played out in the world press as concerns over climate change, pollution and the environment continue to build.
The film featuring Vice President Gore "An Inconvenient Truth" won an Academy Award last night further emphasizing the problem.
The "SuperMag" which utilizes very powerful magnetic fields to produce electricity is a proprietary product of Supervision and has created a tremendous interest amongst scientists and engineers in numerous countries, particularly Europe.
Work continues on the final production designs of the "SuperMag" which will result in a display of the technology in Los Angeles.
In order to address the incredible ramifications of this technology, which is still subject to independent evaluation, the company will undertake the various procedures to become a fully listed NASDAQ company, hopefully shortly after the company's current fiscal year. This move will position the company for wider exposure and for rapid expansion as well as provide a mechanism for major capitalization.
In additional news, designs are being prepared and a NASA electrical engineer/consultant will be hired to assist in the development of a "SuperMag" system to provide power for the moon and the upcoming lunar space station destined for the moon in 2020. Upon completion of the designs and system it will be presented to NASA for consideration.
Currently NASA is relying on solar arrays to provide their power requirements, however, two problems exist. The solar arrays need to be on the far side of the moon to maximize exposure to the sun, but it would be too hot for the lunar module. Secondly, lunar dust is statically charged and should it land on the solar arrays it would be very difficult to remove and would ultimately result in a loss of efficiency.
The "SuperMag" potentially solves both of these problems as it should work well in a vacuum, free of any exposure to dust, and can also be part of the lunar module. The idea of Supervision being the power utility company for the moon is an intriguing challenge and would certainly be high profile.
Safe Harbor Statement:
All statements other than statements of historical fact included in this press release are "forward looking statements." The forward-looking statements, including statements about the Company's future, revenues and earnings, and all other forward looking statements (i.e. future operational results and sales) are subject to assumptions and beliefs based on current information known to the Company and are factors that are subject to uncertainties, risks and other influences which are outside the Company's control, and which may yield results differing materially and substantially from those anticipated. All information is subject to change, deletion or insertion.
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