SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (73452)12/6/2000 9:12:17 AM
From: Joe Copia  Respond to of 150070
 
DPCI news:

(BSNS WIRE) DP Charters Inc. Announces Acquisition of Natural Resource Firm
DP Charters Inc. Announces Acquisition of Natural Resource Firm


Business Editors

CAPISTRANO BEACH, Calif.--(BUSINESS WIRE)--Dec. 6, 2000--DP
Charters Inc. (OTCBB:DPCI) Wednesday announced that it has agreed to
acquire TriLucent Technologies Inc., a developmental resource firm
that specializes in the exploration of oil and gas.
TriLucent has an exclusive, worldwide license to certain
technologies that are believed to increase the chance of commercial
success of exploratory drilling for oil and gas. Currently, the
industry has an average success rate of about 20 percent when drilling
for exploratory reserves, and TriLucent believes its technologies can
facilitate an increase in this success rate to more than 50 percent.
These technologies are expected to significantly reduce the risk
associated with oil and gas exploration, and will partially create
great economic benefit for the company's shareholders.
Jerry Witte, a geoscientist and the current CEO and president of
TriLucent, will assume the same responsibilities of the combined
entity. Witte, a 25-year veteran of the oil and gas industry, has been
involved with alternative location technologies for the past several
years, and most recently with Sonat Exploration Inc., a subsidiary of
El Paso Energy Corp. (NYSE:EPG).
Witte commented, "Our acquisition by DP Charters will enable us to
quickly access developmental capital for expanding our business during
a period of strong commodity pricing for oil and gas, which we believe
will continue for some time."
The company plans on changing its name to TriLucent Technologies
Corp., or a substantially similar name. For more information about
TriLucent Technologies Inc., visit www.trilucent-technologies.com.

Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time in
DP Charters Inc.'s filings with the Securities and Exchange
Commission.

--30--jm/np* akf/np ka/np

CONTACT: Insight Corporate Development LTD
Michael Guellec, 707/537-9119
or
Bordwell Financial Group Inc.
Tony Bordwell, 805/579-1712