"SuperMag" Engine/Generator
Date: Sunday, December 17, 2006 @ 00:02:49 UTC
Topic: Devices


Supervision Entertainment Inc. (Ticker Symbol: SVET) Announces $35.5 Million UK Deal for "SuperMag" Engine/GeneratorLOS ANGELES, CA -- (MARKET WIRE) -- 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" product.

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.

Source: http://www.marketwire.com/mw/release_html_b1?release_id=193700

(Via KeelyNet News)







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