Since the completion of the X-Treme Oilfield Communications Ltd. acquisition, the company has experienced a significant increase in demand for its telecommunication's product. "Aside from an unusually late start to the winter season, demand for the X-Treme services has been very high. Our crews are busy providing companies with rental and sales units to satisfy their communication needs. So far demand has been far greater than we expected. If this pace continues we will be looking to add additional crews in early 2007 to keep up with the orders," stated Ron Ruskowsky president and CEO of Royal Quantum Group.
The company has its sights set on two major project's in northern Alberta which would provide a year round revenue stream for the company. "Should we be successful in our bid for either one of these opportunities, our cash flow will increase significantly from current projections" comments Mr. Ruskowsky. "It was always our intention to target projects that would provide long term, yearly revenue. We did not expect the demand would be as strong as it is this early. It's a very positive development for the company."
Mr. Ruskowsky further stated: "We believe that Royal Quantum has been able to identify a niche market that previously has been underserved throughout the oil and gas industry, in which we have the management and expertise to become a significant participant within a relatively short time. We continue to aggressively market our remote communications services to this very rapidly expanding industry as well as market our services to other industries, which require the need for high-speed communications in remote locations. We remain committed to the acquisition and development of small to medium size businesses that demonstrate existing or near term cash flow opportunity."
Royal Quantum Group, Inc., through its 100% wholly owned subsidiary, X-Treme Oilfield Communications, Inc. provides high-speed satellite communications to the oil and gas sector. The X-Treme product line offers voice, fax and real time data transfers, using both wired and wireless technology with the capability to broadcast to multiple users on any specific location. X-Treme also provides Hot Spot Services and can configure phone/fax capabilities through VoIP and FoIP installations, making it simple and cost effective to communicate to anywhere in the world with no added long distance or airtime charges.
Statements released by Royal Quantum Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
Royal Quantum Group, Inc.
Suite # 145, 251 Midpark Blvd S.E.
(403) 201-5792 (FAX)