Labrador Technologies Inc.: New wellTriever and eTriever Oil & Gas Data Supply Agreement
CALGARY, ALBERTA--(Marketwired - Sept. 11, 2015) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Labrador Technologies Inc. ("Labrador®" or the "Company") is pleased to announce that Labrador (TSX VENTURE:LTX) has just signed an agreement with a major vendor to supply Oil & Gas data for a period of 1 (one) year from the Effective Date of July 1, 2015 for both wellTriever™ and eTriever™. This agreement will automatically renew for successive 1 (one) year renewal periods unless either party provides written notice of its intent not to renew prior to the renewal date.
Concurrently, the company has redeveloped and redeployed wellTriever for Operating Engineers overseeing, managing and buying/selling Oil & Gas assets in order to provide secure links to their company's proprietary financial information from an Oil and Gas Well Map of Canada. This aligns with Labrador and the premier data supplier agreeing to remodel wellTriever to a subscription based offering from a transaction based offering. wellTriever is available for viewing and use at wellTriever.com.
Labrador® specializes in secure, web-based data retrieval software that visualizes and maps Oil & Gas data on computers, tablets, and smartphones.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information regarding Labrador set forth in this news release may constitute forward-looking statements under applicable securities laws and necessarily involve substantial known and unknown risks and uncertainties. The forward-looking statements contained in this document are made as at the date of this news release and Labrador does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
(September 11, 2015 - 3:50 PM EDT)
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