SHORT HILLS, NJ--(Marketwired - Mar 4, 2014) - Intrepid Innovations Corporation (OTC: UATG) announced that it has formed Intrepid Energy Corporation, a company created to develop and complement our existing energy and natural resource business. Chuck Winters, Chief Executive Officer, of Intrepid Innovations, commented that, "Over the last year, we have made significant strides in developing alternative energy technologies, building our energy infrastructure, establishing relationships with new customers and expanding our relationships with existing customers," Mr. Winters further explained, "We believe this will enable Intrepid Energy to introduce new technologies to an existing market segment while capturing a substantial share of emerging markets. The introduction of this new subsidiary represents a firm commitment to our core business model and mission statement while extending our existing market position in the more established natural gas and oil markets."
Intrepid Energy Corporation plans on introducing its management team, new technology, and vision over the next sixteen weeks. Intrepid Energy Corporation is committed to supporting American energy independence with decisive, cutting edge technologies that form clear choices for a truly cleaner energy future.
About Intrepid Innovations Corporation
Intrepid Innovations Corporation is a member of the Umbra Applied Technologies Group (OTC: UATG) family of companies. Intrepid Innovations is a diversified technologies company with holdings in alternative energies, natural resource exploration, and medical technologies.
About Umbra Applied Technologies Group, Inc.
Umbra Applied Technologies Group, Inc. is a diversified, leading edge technology company with an intrepid vision in the fields of alternative energy, conventional energy, medical innovation, environmental remediation, weaponry, and compound recognition technologies which are marketed toward homeland security.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.