SOURCE: CruiseCam International

July 09, 2008 09:00 ET

New Product & Supply Contract Significantly Expands CruiseCam International, Inc.'s Market

BIRMINGHAM, MI--(Marketwire - July 9, 2008) - CruiseCam International, Inc. (PINKSHEETS: CCMJ) is pleased to announce that it has been awarded a critical and extremely valuable supply contract from Rentar Logic, Inc.

Rentar Logic, Inc. is the only company in the world that combines the Rentar Fuel Catalyst (http://www.rentar.com), a pre-combustion fuel technology with 26 domestic and international patents, and proprietary software to reduce fuel consumption and harmful emissions. Frank Reilly, President of Rentar Logic, Inc., stated that "We are very impressed with the CruiseCam technology and will utilize their technologies to enhance our verification systems to provide another vital element in the certification procedure which will supply more comprehensive and valuable data for our customers."

CruiseCam will manufacture and supply digital video components for Rentar Logic. CruiseCam's technology will add to Rentar Logic's current apparatus configuration by creating additional circuitry that will permit live streaming video to be delivered to fleet headquarters or any other location of their choice. "This is a part of CruiseCam's corporate initiatives program that has been in development for some time and is now finally coming to fruition. This strategic alliance will further the goals of the company by creating a large product supply channel that will allow the company to realize a dynamic new revenue stream while advancing current core product objectives," stated Scott Watkins, CEO of CruiseCam International, Inc.

"The size of this contract is significant and given that conservative sales goals are reached, CruiseCam will realize revenue in excess of $10-15,000,000 in the next 24 months. Equally important is the opportunity to be part of what appears to be one of the most significant increased fuel mileage programs available today. Rentar Logic is clearly in a position to reduce fuel consumption in small to large trucking fleets," stated Mr. Watkins.

The structure for CCMJ is 500 million authorized shares, 379 million issued and outstanding shares, with 229 Million restricted shares leaving a tradable float of approximately 150 million shares. CruiseCam has authorized its transfer agent -- Island Stock Transfer -- to confirm these figures for all those who inquire.

Mr. Watkins also commented that "CCMJ has not, is not and will not participate in any form of toxic financing. Based on current contracts and additional potential revenue streams to the company, CCMJ is committed to maintaining this share structure with a view to increasing shareholder value and share price. Based on the exciting and continuing developments and relations the company is engaged in, CCMJ believes it is important to inform our shareholders of these developments via press releases on a weekly basis.

About CruiseCam International

CruiseCam International, Inc. (PINKSHEETS: CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1996, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/.

About Rentar Environmental Solutions

Rentar Environmental Solutions, the world leader in pre-combustion fuel technology, holds 26 domestic and international patents on the Rentar Fuel Catalyst. The Rentar Fuel Catalyst has been extensively tested by numerous third party laboratories recognized by EPA, CARB (California Air Resources Board), foreign governments and prominent corporate entities. At present there are 10,000 Rentar Fuel Catalyst units deployed.

When coupled with the Rentar Logic proprietary software application it provides an unparalleled fuel management tool. Rentar Logic is the only company that combines a proven fuel catalyst and proprietary verification software into one bundled product.

SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.

Contact Information

  • For additional information contact:
    Randy Hamdan
    Investor Relations
    CruiseCam International, Inc.
    313-768-7899
    Watkins@cruisecam.com