Earth Search Sciences Chairman Featured on Money TV Network
March 10th, 2005
BOSTON – August 20,2008 – Earth Search Sciences, Inc. [OTCBB:ESSE], a technology company focused on the development of domestic, inland oil resources, today announced the appointment of a key addition to its senior management team. Michael D. Lockhart has been appointed as Earth Search’s Chief Scientist.
As Chief Scientist, Lockhart is responsible for developing and implementing a comprehensive technology strategy for Earth Search (ESSI). Lockhart has developed more than 30 patentable technologies in various technology fields and has extensive experience running R&D projects for General Dynamics and several government agencies. Luis Lugo, CEO of ESSI, believes Lockhart’s expertise in environmental impact assessments will help ESSI in its efforts to develop technologies that contribute economically, without the environmental impacts normally associated with petrochemical resource development.
“In the end, the technologies and subsequent applications we develop will be subject to strict environmental scrutiny”, said Lugo. “We want to make sure ESSI leads the way in creating zero footprint standards and practices that serve as a benchmark for the industry as a whole” Lugo said Lockhart’s appointment comes at a critical juncture as ESSI closes in its proof-of-concept gasification technology testing scheduled for the fall.
“Michael’s impressive technology background will make crucial contributions in helping to originate and direct R&D efforts for our patented gasification process and our patented ultraspectral remote sensing instruments.”
“I have had the pleasure of working as a consultant on a key ESSI project for several months and am extremely excited to help advance the company’s technologies that have the potential to promote environmentally-sound domestic oil production and national security,” said Lockhart.
Lockhart has 28 years of experience as a senior analyst and research scientist in biosurveillance and information analysis, environmental engineering, synthetic organic and analytical chemistry fields, applied optical physics, and in the defense industry.
Lockhart has provided environmental and occupational health consulting services for many local, state, federal, and private agencies and industries – many of those services focused on environmental compliance and site analysis, environmental evaluations, indoor air quality assessments, and EPA and OSHA industrial training. Lockhart holds an M.A. in Chemistry from the University of Virginia.
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Earth Search Sciences Inc. Announces Appointment of President for New Subsidiary Company, Geo-Probe, Inc.
March 1st, 2005
KALISPELL, Mont.–(BUSINESS WIRE)–March 1, 2005–Earth Search Sciences, Inc. (OTCBB:ESSE – News) a leading commercial provider of hyperspectral remote sensing technology, today announced the appointment of Dave Stevens as the President of Geo-Probe Inc. Geo-Probe, Inc., a wholly-owned subsidiary company of Earth Search Sciences Inc., will be its operating entity in the recently announced Joint Venture with Advanced Explorations Inc. (TSX Venture: AXI – News) and Geologic Business Solutions Inc. (GBSI) The new Joint Venture team will enjoy a unique combination of advanced hyperspectral remote sensing exploration technology and experience capable of delineating and developing new mineral discoveries worldwide. Dave Stevens, a former Vice-President Exploration for Noranda Inc., pioneered the application of airborne hyperspectral imaging in mineral exploration using ESSI’s Probe-1 hyperspectral instrument. He will re-associate with former Noranda/Falconbridge Director of Research and Technical Innovation, John Gingerich, now CEO of Joint Venture participant GBSI. Both men are highly respected in the mineral exploration industry world-wide. They will be joined by Mike Peshko, GBSI Vice-President, who is also a former Noranda Inc. remote sensing exploration specialist who hasbeen extensively involved in the geological applications of hyperspectral imaging technology for the last eight years, directly managing the acquisition of over 200,000 sq km of airborne hyperspectral data in 7 countries. Advanced Explorations Inc. (AEI), which is providing the organizational structure and funding for the group, is headed by Gary Williams. Mr. Williams has been involved in the mining industry since 1977 and is currently involved in the business development of airborne exploration technology. He has an M.Sc. degree and is a Professional Geologist. The opportunity presented to ESSI shareholders is an initial 15% equity position in selected hyperspectral projects along with AEI as well as USD$1.75 million received as a result of AEI’s purchase of a Probe-1 hyperspectral instrument and ESSI hyperspectral database. At ESSI’s election, all or a part of the USD$1.75 million purchase may be converted to equity in Advanced Explorations Inc. “This Joint Venture gives ESSI shareholders and the Joint Venture partners the opportunity to have equity in an emerging new company that combines proven technology with talented personnel with proven track records. This company will be capable of discovering new exploration properties and acquiring equity positions in new discoveries,” said Dave Stevens. He went on to say, “In bringing together the technical expertise of GBSI and the ESSI instrument, we have effectively reassembled the components of Noranda’s exploration team which was in part responsible for four major discoveries between 1997 and 2000. We have great expectations for this enterprise.” This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material. Contact: Earth Search Sciences, Inc. Larry Vance, 406-751-5200 or GeoProbe Dave Stevens, 253-307-5611 or GBSI John Gingerich, 416-570-3250 AEI Gary Williams, 416-570-0629
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Earth Search Sciences Inc. announces Joint Venture with Advanced Explorations Inc. and Geologic Business Solutions Inc.
February 28th, 2005
KALISPELL, Mont.–(BUSINESS WIRE)–Feb. 28, 2005–Earth Search Sciences, Inc. (OTCBB:ESSE – News) a leading commercial provider of hyperspectral remote sensing technology, today announced the signing of a Memorandum of Understanding (MOU) with Advanced Explorations Inc. (TSX Venture:AXI – News) of Toronto, Ontario and Geologic Business Solutions Inc. (GBSI) of Toronto, Ontario.?
This MOU relates to the formation of a Joint Venture between the parties and the rights of Advanced Explorations Inc. (AEI) to acquire access to and the possible purchase of an ESSI Probe-1 hyperspectral instrument and extensive minerals exploration database. At a later date Earth Search Sciences, Inc. may elect to convert all or a portion of the future purchase of the Probe-1 hyperspectral instrument and database to equity in AEI. Complementing this technology will be the associated hyperspectral exploration expertise of GBSI. AEI will utilize this combination of technology and technical expertise in hyperspectral mineral exploration opportunities worldwide.?
Advanced Explorations Inc. (TSX Venture:AXI – News) is currently being reactivated as a technology-based company, with a focus on providing hyperspectral remote sensing technologies to the mineral exploration industry in exchange for equity in emerging companies and exploration ventures. GBSI is focused on providing advanced technology solutions to the mineral industry.
Larry Vance, ESSI chairman said, “For the past two years Earth Search has been studying various alternatives to achieve value through application of our superior hyperspectral technology and extensive database in the minerals exploration industry. This agreement achieves that goal by bringing together leading exploration experts, financing and our technology at a time when there is much interest in exploration and new sources of minerals worldwide.
Moreover, the agreement is flexible in that it offers ESSI several choices of participation levels while simultaneously providing us with operational cash flow.”
The Probe-1 Sensor, developed and owned by Earth Search Science has been demonstrated to be a leading instrument in terms of resolution, survey efficiency, and data reliability in the exploration for new mineral discoveries by airborne hyperspectral remote sensing. This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company.?
Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
Contact: Earth Search Sciences, Inc.
Larry Vance, 406-751-5200
or
GBSI
John Gingerich, 416-570-3250
or
AEI
Gary Williams, 416-570-0629
Source: Earth Search Sciences, Inc.
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