EDIS(Earth Search Sciences Prepares for Launch of Global Imagery Supermarket With Online Content Delivery) news release yesterday - enormous implications awaiting the market to digest it and to carry it to significant higher valuation.
Earth Search Sciences Prepares for Launch of Global Imagery Supermarket With On-line Content Delivery
Business Editors
McCALL, Idaho--(BUSINESS WIRE)--May 20, 1999--Larry Vance,
founder and chairman of Earth Search Sciences, Inc. (OTC BB:EDIS),
today announced that the company is preparing for a mid-1999 launch of
a direct-channel, multi-media imagery supermarket on the Internet that
will have the capability to individually customize data packages for
customers.
The e-commerce content provider will be called TerraNet, Inc.,
and will be a wholly owned subsidiary of Earth Search Sciences, Inc.
Its site on the world wide web will be www.general-imaging.com.
"We are committed to establishing a leadership position in our
business as a source of valuable images that can be customized for a
client's individual requirements yet can be sold over and over to
thousands of different end users," Vance said. "E-commerce channels
enable us to grow a base of diverse customers who can have easy access
to the data content they need to make informed decisions."
Earth Search Sciences is a leading provider of hyperspectral
remote sensing data captured and processed by its proprietary Probe-1
high-tech imaging system mounted aboard small aircraft.
Earth Search's product advantages include detailed, objective and
synoptic earth resource mapping products that are better, faster and
cheaper than conventional mapping techniques. Combining this
proprietary data position with information and products from other
government and commercial data suppliers, and marketing this
technology via a multi-faceted portal on the Internet, is the
company's business objective for the new venture.
In more than two years of remote sensing assignments across five
continents, Vance said, ESSI's Probe-1 system has amassed a
substantial database of value-added hyperspectral images for sale to
technical users and other customers.
"We believe Earth Search Sciences is the holder of some of the
most valuable images available to commercial and government clients,
and we intend to position our data sets as a central offering in an
imagery supermarket that we believe will satisfy the technical needs
of almost any user," Vance said. "This initiative will ensure Earth
Search Sciences and TerraNet a leadership position globally in the
remote sensing collection, processing, product creation and
delivery business."
Earth Search's Probe-1 advanced hyperspectral imaging instrument
creates ultra high-resolution images of the earth's surface. Analysis
of these images can determine the presence of target minerals and
hydrocarbons in geologic formations or evidence of minerals from
vegetal "signatures." These signatures include a variety of
substances, such as environmental contaminants, pathfinders to
minerals, oil and gas; agricultural indicators of fertilizer,
herbicide, and pesticide application effectiveness.
U.S. government agencies and commercial clients have begun
budgeting large expenditures for acquisition of data from specialized
providers such as Earth Search Sciences, Inc.
"Earth Search Sciences will be a key source of information and
TerraNet, Inc., will be an important channel of access for those
customers," Vance said.
This news release includes forward-looking statements that
involve a number of risks and uncertainties, some or all of which may
at times be beyond the control of the company. Thus, there can be no
assurance that the forecasts will be achieved. Actual results will
vary from those forecasted and the variations may be material.
--30--DS/se*
CONTACT: Media: Scott Peyron, 208/388-3800
Investors: Ken Danchuk, 250/712-0356
KEYWORD: IDAHO
INDUSTRY KEYWORD: AEROSPACE/DEFENSE ENVIRONMENT ENMED
GOVERNMENT MINING/METALS COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
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May-20-1999 11:09 GMT
Symbols:
US;EDIS
Source BW Business Wire |
