AREE -NEWS (Cut and paste)
(PR NEWSWIRE) Arete Industries, Inc. Issues Update of Its Business Developmen
Arete Industries, Inc. Issues Update of Its Business Development Clients
BOULDER, Colo., Feb. 28 /PRNewswire/ -- Arete Industries, Inc.
(OTC Bulletin Board: AREE) by directors Thomas Raabe (CEO) and Thomas Gorman
(COO/CFO) issued an update to investors and shareholders about its Business
Development Clients.
(Photo: newscom.com )
Since embarking on the incubator business model on May 2, 2000 with
Lawrence Mortimer (Sales and Marketing) and Michael Parsons (CTO), we have
improved the business model, refined our ability to create value in an
enterprise and are working with several exciting young companies and new
opportunities.
We are currently housing six clients, two of which we are principally
financing. We are also working to add a seventh client in the near future.
Our incubator business model creates wealth for our shareholders by generating
return on equity similar to that of venture capital. In addition, our
business model creates revenue to profitably cover operating expenses for the
four principals and our small staff by housing the young companies and
providing a valuable operating resources (accounting, IT, engineering,
operations) that can match their growing and changing needs.
The following is a brief description of the six clients and the new
prospect:
Seventh Generation Technologies, Inc. (High Tech) Led by Dr. William
Hutchison and Dr. Kenneth Stephens, 7GT is developing an operating system for
robots that will enable a robot to control its own behavior, be programmed by
voice commands and to adapt to its tasks and experiences. 7GT will soon
release a prototype of the new software.
Big Sis (Telecommunications) Currently led by Tom Gorman, Big Sis is
developing voice recognition software to be sold as an add-on to existing
voice recognition applications that will increase accuracy and expand
available vocabularies. This is a spin-off of 7GT. Big Sis has created a
demo of the software, is in the process of contracting an outside firm to have
it developed and is actively engaged in an executive search to find a champion
to lead this company.
Arete Outdoors, Inc. (Specialty Distribution) After successfully
developing the SnowFang snowshoe, the Powder Rush snowbike and a state of the
art website, Arete Outdoors is shifting its focus to fully leverage its
experienced management team of Mike Lowe and Kim Huffman. The new focus will
be the distribution of high-end specialty alpine and ski equipment and
accessories (Helmet, poles, gloves, glasses, etc) on an exclusive basis from
reputable overseas manufacturers. The company will also include the SnowFang
snowshoe and other future products designed by Mike Lowe.
Rush (Specialty Manufacturing) Currently led by Michael Parsons, the
launch of the Powder Rush in December requires the development of separate
distribution channels than that of Arete Outdoors. With the Rush, we have
focused its development on a marketing template for ski resorts to
successfully leverage the rush experience into a compelling attraction. In
conjunction with Copper Mountain Resort (Summit County, Colorado), we are
developing a model that can be rolled out to the rest of the ski areas.
Adventure Travel (Internet Service) This is a pure Internet play. It is
led by Marion Emmons. It is in the exotic adventure niche of the travel
industry. It has a very low overhead, and the potential for good cash flow.
It has also evolved into a separate business from Arete Outdoors.
Michelangelo (Media) It is a developing entrepreneurial opportunity being
led by Lawrence Mortimer. It is focused on full motion video and other
interactive displays in retail environments. However, it is not a technology
play. It is a marketing and sales opportunity that will tie together and
coordinate for the retailer the different technology partners operating in the
store. Mr. Mortimer has had several successful meetings with retailers and
expects a launch in two or three months.
New Prospect: Insulated Concrete Forms (ICF) In a project led by Tom
Raabe, we are working with entrepreneurs with an established commercial
construction firm who want to become a leader in the ICF industry, an emerging
growth market in the construction industry. Primarily used in commercial
construction, ICFs shorten the construction time, cost less to use by
significantly saving concrete and labor, and have a higher insulation value
than other means of construction.
In the coming weeks and months, our clients will be announcing significant
achievements in their respective development. In the coming years, we believe
that these achievements will create wealth for all of our shareholders. Thank
you for your continuing interest and support of Arete Industries, Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Certain statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties not
known or disclosed herein that could cause actual results to differ materially
from those expressed herein.
For further information please contact James Stock, President, of Stock
Enterprises, Inc., 702-614-0003, ir@AreteIndustries.com.
SOURCE Arete Industries, Inc.
-0- 02/28/2001
/CONTACT: James Stock, President of Stock Enterprises, Inc.,
702-614-0003, ir@AreteIndustries.com, for Arete Industries, Inc./
/Photo: NewsCom: newscom.com
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467/
/Web site: areteindustries.com
(AREE)
CO: Arete Industries, Inc.; Seventh Generation Technologies, Inc.; Big Sis;
Arete Outdoors, Inc.; Rush; Adventure Travel; Michelangelo; Insulated
Concrete Forms
ST: Colorado
IN: FIN SPT
SU:
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