Supervision Entertainment Inc. (Ticker Symbol: SVET) Announces $35.5 Million UK Deal for "SuperMag" Engine/GeneratorLOS ANGELES, CA --
-- December 12, 2006 -- Supervision Entertainment Inc.(PINKSHEETS: SVET) is pleased to announce that it has entered into an agreement with
Enigma G.C. of the UK to acquire the marketing rights for the Company's
proprietary "SuperMag" electrical generation system in the United Kingdom
for $35.5 Million.
The "SuperMag" System uses manipulated magnetic fields to generate
electricity sufficient to power the needs of a home or office building and
eliminates or reduces the need for the home or structure to be reliant on
the present electrical grid systems or heating oil for its heat and or
electrical needs. The "SuperMag" electrical generator is environmentally
perfect, providing clean electrical power for free to the consumer after
the initial cost of the purchase and installation of the system.
The "SuperMag" system is a revolutionary break through technology that has
generated a huge worldwide buzz in the last few weeks as people are
starting to understand the significance of the technology. The response
from hedge funds, venture capitalists, marketing and manufacturing entities
worldwide has been immense and all are clamoring for information.
Because of the extraordinary interest in the "SuperMag" system, the first
public display of the technology will be at a date to be determined at the
SCIA conference in California during 2007. The SCIA (Southern California
Investment Association) meets every two months and typically has
approximately 200 + brokers, investors, and financing entities in
attendance. Following this first public demonstration at the SCIA
conference there will be a worldwide press conference held the following
day where the media will be invited and for the first time be able to
report on the revolutionary breakthrough technology of the "SuperMag"
Various documentary and film companies interested in securing the film
rights to this major breakthrough are also now approaching the company. The
general opinion of those aware of the technology is that the significance
of this invention, where nature's two most powerful forces are manipulated
to produce electricity, will revolutionize the energy business around the
world and that organizations such as OPEC will no longer be able to control
or effect global oil prices. In fact, the "SuperMag" product may provide
significant competition as a "green" environmentally friendly and cost
effective alternate power source.
This deal with Enigma G.C. marks the second country after Canada to acquire
the rights in the last few weeks for a total of $46.5 Million to the
company. The marketing and manufacturing plan for the United States will be
announced in a matter of days as the interest has been so immense that the
company has had to revise its initial marketing plan. The "SuperMag"
electrical generation system will be independently tested over the course
of a year with a major recognized testing agency being contracted to
evaluate the system.
Safe Harbor Statement:
All statements other than all statements of historical fact included in
this press release are "Forward-Looking Statements." The forward-looking
statements, including statements about the company's future, revenues and
earnings, and all other forward-looking statements (i.e. future operational
results and sales) are subject to assumptions and beliefs based on current
information known to the Company and factors that are subject to
uncertainties, risks, and other influences, which are outside the control
of the Company, and which may yield results differing materially from those
anticipated. All information provided in this press release is subject to
change or deletion.
(Via KeelyNet News)