MIAMI, FL--(Marketwire - November 16, 2010) - ADB International Group, Inc. (
Mr. Wolinsky stated that "we are currently considering collaborating with a top tier university that has an entrepreneurial environment, a multi-disciplinary approach, is dedicated to conducting nationally and internationally significant research that is designed to solve real world problems, and integrates research and scholarship with teaching to enhance learning opportunities within the academic community." Mr. Wolinsky further stated, "We believe that collaborating with such a university may provide many opportunities for funding research for the BOPstopper™, as well as expand the size and value of Subsea's intellectual property (IP) portfolio. Additionally, the significantly relevant experience of the faculty of this particular university is ideally suited for further developing the technology associated with BOPstopper™."
The BOPstopper™ is a patent-pending "caisson" assembly that substantially isolates a defective blowout preventer (BOP) stack that spews oil and/or gas from the ocean by completely circumventing and encasing the defective BOP stack.
Additional details regarding Subsea's IP portfolio, some of the technical features disclosed by the patent applications and information about the Inventor of this technology may be accessed through the "Subsidiaries" webpage of ADBI's website at http://www.adbintl.com or through http://www.subseaoiltech.com.
ADB International Group, Inc. (ADBI) is a holding company that invests in strategic global corporate acquisitions in important market sectors that demonstrate significant growth potential. ADBI intends to expand into Green Energy Industries, Emerging Technologies, Financial and Business Services and other growing and awakening markets. ADBI plans to provide managerial and financial support to allow each project and subsidiary to concentrate on its specific industry and unique business plan. Partnering with strong management, investing in growth, achieving operational improvements and applying the Company's global resources are all part of ADBI's formula for building value for our investors and shareholders.
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995 this news release contains forward-looking statements within the meaning of section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements often include words such as expect, hope, anticipate, believes, etc. Forward-looking statements involve both known and unknown risks and uncertainties that may cause actual results and performance to differ materially from those expressed in this press release.
Contact Information:
Contact:
ADB International Group, Inc., Miami, Florida
Steven M. Plumb
Secretary
305.718.3330
info@adbintl.com