Red Branch Technologies, Inc. In The Press

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The latest press release:

Release date: 2009-06-25


Red Branch Technologies, Inc. Announces Completion Of Its Spin-Off

Subsidiary Now an Independent Private Company

Ashburn, VA – June 25, 2009 -  Red Branch Technologies, Inc. (“Red Branch-Delaware”) (Pink Sheets: RBTI) today announced that the spin-off of its wholly owned subsidiary Red Branch Technologies, Inc., a Nevada corporation (“Red Branch-Nevada”) has been completed making Red Branch-Nevada an independent private company.  Red Branch-Nevada will continue to focus on its core software solutions business including its mTravel and my|mTravel business travel automation software

“Through the completed spin-off of our subsidiary we have positioned our publicly held company Red Branch Technologies, Inc. to enter the mobile security and renewable power solutions markets,” said W. Doug Foran, Chief Executive Officer of Red Branch Technologies, Inc.  “Based on a series of partnerships we have developed that will be announced shortly, we will implement a new business model for bringing to market point-of-need solutions and products that utilize renewable energy to gain a distinct business advantage.  In addition, part of our new business focus will also include site security, emergency communication networks along with forward base operations.  We will announce more details soon.”

Safe Harbor This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

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Red Branch
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44081 Pipeline Plaza Suite #320
Ashburn, VA 20147

Phone: +1.703.342.4238
Fax: +1.425.790.7363

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