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Master
Total Posts 339
Joined 2007-07-26
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Approval of Patent Boosts Value of MY DRIVER SEAT
BOCA RATON, Fla., May 2 /PRNewswire-FirstCall/—NuState Energy
Holdings, Inc. (OTC Bulletin Board: NSEH), and Rentar Environmental
Solutions, Inc. (a privately-held company headquartered in Wellington, FL)
announced today that notice of approval had been received from the USPTO
for the patent on the supply chain software that is the basis for the
blockbuster MY DRIVER SEAT application—one of the two major components
of their recently announced RENTAR LOGIC package. This bundle of The Rentar
Fuel Catalyst with MY DRIVER SEAT is the first product of its kind in the
world. MY DRIVER SEAT is a potent fleet management tool which gathers data
in real time and provides timely, concise reports that present a precise
picture of speed, miles per gallon, idling time, out of route, unauthorized
usage, and a great deal of other valuable information. These reports can be
tailored to meet the differing, unique requirements of varied users.
Simultaneously, the reports provide real time data which verifies the
ongoing efficacy of The Rentar Fuel Catalyst, which reduces fuel
consumption up to 12% and significantly lowers harmful emissions. The
Rentar Fuel Catalyst is the holder of six domestic patents and 20
international patents. Frank Reilly, the CEO of NuState, and one of the
guiding forces behind the new venture said, “This new patent gives our
product greater protection. The combination of these two technologies
creates an unparalleled package that gives fleet managers, and other
interested parties, the ability to save money directly on fuel while
dramatically increasing efficiency at the same time. In addition, the
package enables the user to significantly reduce greenhouse gas emissions
and provide clear verification of these reductions.”
About NuState Energy Holdings, Inc.
NuState is a technology company specializing in providing pertinent,
real-time information to the worldwide transportation and security
industries. Its telematics solutions collect vehicle and container-based
data and integrate it with information gathered from various disparate
legacy systems across the supply chain. The data is then synthesized and
reformatted into valuable, actionable information, and delivered to
appropriate end-users across the logistics value chain through secure
web-based applications. Specific offerings include: vehicle tracking,
inventory/asset visibility, secure trucking, matching available freight
with available trucks, and many others. Additionally, NuState owns
Commodity Express Transportation, a freight transportation operation
currently serving the southeastern United States.
About Rentar Environmental Solutions, Inc.
Rentar Environmental Solutions manufactures and markets the Rentar Fuel
Catalyst, a technology that is verified to significantly reduce fuel
consumption, particulate matter and such greenhouse gases as CO2 and Nox.
Rentar’s customers include numerous Fortune 500 companies, state and local
governments, and various foreign entities.
This press release includes certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to, statements
regarding our current business plans, strategies and objectives that
involve risks and uncertainties that could cause actual results to differ
materially from anticipated results. The forward-looking statements are
based on our current expectations and what we believe are reasonable
assumptions; however, our actual performance, results and achievements
could differ materially from those expressed in, or implied by, these
forward-looking statements. Factors, within and beyond our control, that
could cause or contribute to such differences include, among others, the
following: we have a history of losses and an accumulated deficit, expect
losses to continue for the foreseeable future and will need to raise
additional working capital in order to implement our business model and
sustain our operations; the loss of one or more of our major customers
could materially and adversely effect our future revenue and business
operations; as well as those factors discussed under “Risk Factors” in our
Annual Report on form 10-KSB filed on October 15, 2007 and various
disclosures in other reports filed from time to time with the United States
Securities and Exchange Commission.
SOURCE NuState Energy Holdings, Inc.; Rentar Environmental
Solutions, Inc.
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