SOURCE: ADB International Group

September 13, 2010 06:00 ET

ADB International Group, Inc. (ADBI) Offers Patent-Pending Solutions to Contain Deepwater Oil Rig Blowouts as Another Oil Rig Explosion Occurs in the Gulf of Mexico

MIAMI, FL--(Marketwire - September 13, 2010) - ADB International Group, Inc. (PINKSHEETS: ADBI), through its investment in Subsea Oil Technologies, Inc. (Subsea), has begun offering its patent-pending solutions to government, educational and private institutions for containing deepwater oil rig blowouts. ADBI has recently acquired 50% of Subsea, a Nevada corporation whose mission is to design, test and produce efficient, quality operational, safety and emergency equipment for the undersea oil and gas industries.

"On September 2, 2010, the world was again reminded about the dangers and potential ecological risks involved with offshore oil and gas development as the Vermillion Block 380 Mariner Energy oil rig exploded and caught fire off the Louisiana coast in the Gulf of Mexico," stated Mr. Matthew Schulman, Director of ADBI. He added that "The recent explosion on the Mariner Energy Oil Rig serves as a warning to industry and government agencies to be ready for multiple oil spill calamities at any time. Apparently, the Mariner Energy workers and their families were lucky, as there were no substantial injuries or loss of life. Furthermore, the oil spill that followed the explosion could have been much worse, as we witnessed during the massive 2010 BP/Deepwater Horizon BP oil spill."

Five (5) patent applications have been assigned to Subsea that disclose numerous procedures and apparatus configurations (referred to as "the BOPstopper") for permanently containing deepwater oil rig blowouts, such as the 2010 BP/Deepwater Horizon oil spill in the Gulf of Mexico. A "BOPstopper" is designed to substantially isolate a defective blowout preventer (BOP) stack that spews oil and/or gas from the ocean by completely circumventing and encasing the defective BOP.

Additional details regarding Subsea's intellectual property (IP) portfolio, some of the technical features disclosed by the patent applications and information about the Inventor of the BOPstopper may be accessed through the "Subsidiaries" webpage of ADBI's website at http://www.adbintl.com or through http://www.subseaoiltech.com.

Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995 this news release contains forward looking statements within the meaning of section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward looking statements often include words such as expect, hope, anticipate, believes, etc. Forward looking statements involve both known and unknown risks and uncertainties that may cause actual results and performance to differ materially from those expressed in this press release.

Contact Information

  • Contact:
    ADB International Group, Inc.
    Miami, Florida
    Steven M. Plumb
    Secretary
    305.718.3330
    info@adbintl.com