FOLLOW UP ON FRIDAYS NEWS RELEASE
Monday April 26, 1:23 pm Eastern Time
Company Press Release
Cybersensor.com to Monitor and Control Equipment Through the Use of Internet and Satellite Technology
PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--April 26, 1999--Nevtah Capital Management Corp. (''Nevtah'') (NASD OTC:NTAH) and Petroleum Asset Management Co. (''Pamco'') have formed a new subsidiary called Cybersensor.com to expand and market its patented software for controlling and monitoring equipment from a remote location through the use of wireless satellite and Internet technology.
Cybersensor allows access of user software and programs to connect over the Internet through www.cybersensor.com and communicate directly with Cybersensor's satellite link to a remote location. The Cybersensor system is a low cost installation that requires minimal training and interfacing on the user's part. The system not only monitors equipment but also provides for two-way communication. From a PC using Windows or other software, the user can set parameters and then monitor and control field equipment 24 hours a day worldwide.
Cybersensor provides two-way monitoring, controlling and tracking services through a low-earth orbit satellite-based data communications system. The ability to employ this cost-effective two-way communications system can be used by most industries today. Cybersensor applications include monitoring and controlling stripper oil and gas wells; tank levels, pressures, temperatures and alarm signals; operating equipment and the global tracking of mobile assets.
At a recent global conference in Washington, D.C., there was an extremely high level of interest from a large variety of industries. According to industry and communications officials, the Cybersensor technology is the future direction of monitoring and controlling remote locations for the 21st century. Cybersensor is the first company to introduce this simple, cost-effective solution. Pamco will be the first end user for stripper oil and gas wells with many other companies and industries indicating significant orders as the equipment becomes available this summer. Cybersensor anticipates a minimum of 8,000 end-users by the end of 1999 growing exponentially over the next decade.
On behalf of the Board of Directors Daniel P. Kesonen, President
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Contact:
Nevtah Capital Management Corp., Palm Beach Gardens
Daniel P. Kesonen, 561/626-9901
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