SOURCE: ADB International Group

December 21, 2010 08:00 ET

ADB International Group, Inc.'s (ADBI) 50% Subsidiary, Subsea Oil Technologies, Inc., Initiates Worldwide Marketing of Its Patent-Pending Deepwater Oil Rig Blowout Containment Solutions to Major Global Offshore Oil Producers and Related Support Organizations

MIAMI, FL--(Marketwire - December 21, 2010) - ADB International Group, Inc. (PINKSHEETS: ADBI), through its 50% investment in Subsea Oil Technologies, Inc., (Subsea), has initiated worldwide marketing of its patent-pending deepwater oil rig blowout containment solutions to major global offshore oil producers and related support organizations. Subsea is offering licensing, partnership and other commercial opportunities related to its U.S. Intellectual Property (IP) portfolio, which currently includes seven (7) pending U.S. Patent Applications associated with solutions for containing oil spills similar to the 2010 BP/Deepwater Horizon oil spill. 

The titles of the Patent Applications in Subsea's IP portfolio include:

1- "Method and Apparatus for Controlling Valves of a Subsea Oil Spill Containment Assembly."
2- "Method and Apparatus for Controlling Mud Flaps of an Oil Spill Containment Assembly." 
3- "Method and Apparatus for Containing a Defective Blowout Preventer (BOP) Stack Using BOPstopper Assemblies Having Remotely Controlled Valves and Heating Elements." 
4- "Method and Apparatus for Fastening a Blowout Preventer (BOP) Stack Containment Assembly to an Ocean Floor."
5- "Method and Apparatus for Controlling a Valve Used to Contain Oil and/or Gas Spewing from a Defective Blowout Preventer (BOP) Stack Located on an Ocean Floor."
6- "Contained Top Kill Method and Apparatus for Entombing a Defective Blowout Preventer (BOP) Stack to Stop an Oil and/or Gas Spill."
7- "Method and Apparatus for Containing an Undersea Oil and/or Gas Spill Caused by a Defective Blowout Preventer (BOP)."

"Since the 2010 BP/Deepwater Horizon oil spill first occurred in the Gulf of Mexico, Subsea has been developing an extensive IP portfolio of patent applications directed towards the containment of deepwater oil rig blowouts, which is a major concern for offshore oil producers, governmental agencies and support companies," stated Steven Plumb, President of Subsea. He added that, "We are focusing on the dissemination of information to potential clients, partners, universities and rule-making agencies to ensure market penetration and awareness of our safety, operational and disaster recovery solutions related to potential deepwater oil rig blowouts, which can create irreversible ecological, economical and social disasters. Subsea anticipates that it will further expand its IP portfolio in 2011 and beyond."

Additional details regarding Subsea's IP portfolio, some of the technical features disclosed by the Patent Applications and information about the Inventor of this technology may be accessed through the "Subsidiaries" webpage of ADBI's website at http://www.adbintl.com or through http://www.subseaoiltech.com

ADB International Group, Inc. (ADBI) is a holding company that invests in strategic global corporate acquisitions in important market sectors that demonstrate significant growth potential. ADBI intends to expand into Green Energy Industries, Emerging Technologies, Financial and Business Services and other growing and awakening markets. ADBI plans to provide managerial and financial support to allow each project and subsidiary to concentrate on its specific industry and unique business plan. Partnering with strong management, investing in growth, achieving operational improvements and applying the Company's global resources are all part of ADBI's formula for building value for our investors and shareholders.

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