SOURCE: Terra Energy & Resource Technologies, Inc.

March 26, 2008 07:00 ET

Terra Energy to Broaden the Company's Technology Platform

Additional Innovative Technologies Initiatives Set for 2008

NEW YORK, NY--(Marketwire - March 26, 2008) - Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), an energy and natural resource exploration technology company, announces a new IP strategy focusing on enhancement of its current technology platform.

The Company has initiated efforts to broaden its intellectual property base through the acquisition of additional geochemical and seismic technologies that are complementary to STeP® and to create a suite of new exploration services offering to the industry, significantly improving success rate and efficiency.

"The ever growing need to minimize expenses related to exploration and development has always been a major concern to natural resource producers. As commodity prices continue to hover in the all-time high territory, more accurate and economical solutions are needed to address the issue. We believe we have the solution," said Dmitry Vilbaum, the Company's Chief Executive Officer.

"Terra Energy & Resource Technologies is, and has always been, dedicated to innovative technologies rendering significant improvements to the exploration process. We have identified new state-of-the-art technologies as a complement to our satellite-based STeP and are pursuing their acquisition in 2008," said Mr. Vilbaum. "We envision the new suite of technologies being able to effectively address major challenges of oil and gas exploration from effective regional studies of large license blocks to identification of zones of open fracturing and hydrocarbon saturation. We were founded on the vision of bringing a disruptive process to an industry that lacks innovation."

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Corp., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources. The Company employs Sub-Terrain Prospecting Technology (STeP), a suite of proprietary techniques used to interpret satellite data, and identify the location and depth of hydrocarbon deposits, gold, diamonds, and other valuable raw materials onshore or offshore.

About Terra Energy & Resource Technologies, Inc.

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Corp., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses proprietary satellite-based STeP (Sub-Terrain Prospecting) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources and assesses them for any given geographic area -- on or offshore. For more information visit http://www.terrainsight.com.

Safe Harbor for Forward-Looking Statements

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations or its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, including but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.

Contact Information

  • Media Inquiries:
    Terra Energy & Resource Technologies, Inc.
    Dmitry Vilbaum
    CEO
    Phone: (212) 286-9197