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/24-7PressRelease/ - Los Altos, CA. June 3, 2006 - Linda Glisson (former Eastman Kodak Director of Venture Investment and an established Silicon Valley investment banker) of Glisson Capital, LLC www.glissoncapital.com), today announced an alliance with Robert Sandford Stewart to provide project funding for exploration and development of new oil and gas fields. Glisson Capital believes Mr. Stewart's instincts and experience in oil and gas exploration will provide solid leadership.
Combining management of the giant $50 billion Bechtel Master Plan for the DR Congo with initiating the Songo Songo Gas-to-Electricity Project in Tanzania, Robert Stewart has the experience in the field. Mr. Stewart has participated in the creation of dozens of projects that span the development of mining (Kilembe Mines Limited, Uganda), metallurgy (American Mineral Fields, DRC), GSM Telecom (Motorola for Nitel/Nigeria), energy (gas exploration in Cameroon with Mobil Oil Corp.), water (Okavango Development in Botswana) and airport projects (Mutallah Mohamed/Nigeria, Tripoli International Libya) that straddle the continent. Mr. Stewart believes the only solution for new energy production lies in opening up vast quantities of fossil fuels already discovered in dozens of countries as well as new opportunities just opening up in countries such as Tanzania, Uganda, the Great Lakes, the DR Congo, Namibia, Chad, Cameroon, Equatorial Guinea and others. Unlocking their supply for domestic populations at affordable prices and in such quantities will allow them to participate in the forthcoming energy bonanzas.
Linda Glisson agrees that, "the biggest challenge to Third World nations is to clean up corruption in order to become major producer nations. Ms. Glisson believes it will take political and financial resources and expertise to achieve stable development.' Third World Nations must first put their houses in order. Band-aids no longer apply. Like Dracula, Western promoters and traders feed on these emerging markets and bleed off their resources with no benefit improving the domestic suppliers. This permanently cripples their ability to meet future needs. Mr. Stewart's experience as a former Canadian foreign service diplomat has the political perspective necessary to navigate these challenges.
About Glisson Capital
Glisson Capital is a private venture capital company with direct interests in technology growth markets, with large fund management experience in Fortune 200 companies. Glisson Capital's Technology Fund investments range in size from $3 to $5 million and a firm commitment over the life of a company. Glisson's focus on encrypted wireless communications, thin film display (www.displayresearch.com ), and GPS mapping software (www.telcontar.com co-investing with Trimble Navigation) will compliment this new direction. More information is available on the web site: www.glissoncapital.com. Ms. Glisson, (former Eastman Kodak executive and equity partner) believes market globalization will dictate a thirst for new oil and gas resources and a sophistication of Third World societies requiring satellite communications and tracking deployed by Kodak and others in the field will be instrumental in this area.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Glisson Capital, LLC's business which is not historical facts are 'forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Private Placement Memorandum.
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