Latest News

Mineseeker Restructures Board to Strengthen Management Team

July 20, 2012

Mineseeker Operations Overseas Ltd has appointed David Oliver as Financial Director.

David is a highly experienced financial accountant, a qualified Chartered Accountant and Fellow of the Association of Certified Accountants. He has worked at Partner level within the profession for over 25 years having started his career with Thornton Baker (now Grant Thornton). David was promoted to Senior Manager before joining Haines Watts (a top 20 firm of Chartered Accountants) in 1985, becoming Senior Partner of the Wolverhampton Office in 1986.

David is a respected member of the Midlands accountancy profession having been President of the Staffs, Shropshire and Wolverhampton Society of Chartered Accountants in 2010/2011.

In addition to his professional career he has been actively involved in the not-for-profit sector acting as an adviser to a number of local charities and is currently Chair and Treasurer of Coventry Cyrenians, a charity for the single homeless.

Executive Chairman, Mike Kendrick, commented “David brings a wealth of professional experience to the group and we are delighted to that he has joined the Mineseeker team”.

Mineseeker has also appointed Jackie McQuillan as PR Director. Jackie was chief PR for the Virgin Group where she worked for 18 years and Mineseeker is delighted to bring on board another industry leading professional. Jackie has unrivalled media experience both in the UK and globally, having worked extensively with major television and newspaper groups throughout her career.

Mineseeker has taken this opportunity to restructure the rest of the Board with Mike Kendrick stepping back in to replace Edward Cross as CEO, whilst retaining his position as Executive Chairman.

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Mineseeker and EnerVue Announce Strategic Oil & Gas Partnership

July 17, 2012

Mineseeker Operations and EnerVue World Inc. intend to jointly create implementation strategies for the development of oil and gas in landmine affected areas.  Whilst each company focuses on its core competencies, the partnership creates the opportunity for rapid development in affected markets.

EnerVue (www.enervueinc.com), a Canadian oil and gas company led by a team of experienced industry professionals, brings appropriate technical and pragmatic expertise to properly implement petroleum development strategies which meet the ongoing needs of a country and its people with regards to its oil and gas industry.

“Mineseeker is currently involved in discussions with several governments and other organisations holding oil and gas concessions in both Africa and the Middle East and we are excited about the prospect of working with EnerVue to develop sustainable oil and gas businesses in countries affected by landmines,” commented Mike Kendrick, Executive Chairman of Mineseeker. “EnerVue shares our view on compassionate capitalism, and sees the opportunity to deliver economic growth for the local populations in these countries, as well as value for investors and governments alike. For Mineseeker, it offers the opportunity to create new markets in aerial surveying and share in oil and gas revenues emanating from the introductions we make to EnerVue that result in oil and gas business developed from the Partnership.”

EnerVue’s President, Scott Douglas, commented, “We are pleased with the successful signing of this strategic partnership and welcome Mineseeker alongside the EnerVue team. What unites us is the common interest in responsibly demining and developing land where oil and gas opportunities exist. The partnership brings together two likeminded organizations and opens doors to new markets for both of us.” He continued “We’ve completed the first phase of a significant equity investment, further cementing the relationship between the two companies.”

“There is significant value in the opportunities available to both companies, from this. We are excited to move forward with Mineseeker as our partner,” added EnerVue’s Vice-President, Benjamin Knopp.

Mineseeker Chairman Mike Kendrick is due to visit Southern Africa imminently where negotiations are scheduled to discuss oil and gas concessions in Mozambique. The team has also been invited to visit Angola, an oil rich economy with a significant landmine problem.

The Governments in the region are keen to move ahead in the liberation of oil and gas concessions to enable petroleum companies to begin the process of seismological surveys.
Scott Douglas will also sit on the Mineseeker Foundation advisory board which will share in and benefit from the revenues created by the partnership.

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South Africa Joint Venture Announcement

June 12, 2012

Mineseeker Operations (“Mineseeker”) announced today that it has completed all of the necessary joint venture agreements with its South African partner, MMRR Risk Management, and that Mineseeker Operations Southern Africa has been established and is fully compliant with the corporate legal framework in South Africa.

The company can now move forward with the next steps in contract negotiations for minefield surveys with the South African and Angolan governments, following on from high level discussions which have already taken place earlier in the year.

Mineseeker Commercial Director, Mark Dorey, commented, ‘Since the signing of a Memorandum of Understanding in March this year, all of the formalities and necessary documentation has now been completed. Our joint venture is held 74% by Mineseeker, and 26% owned by our local partners under the South African Black Economic Empowerment regulations that govern the corporate structural requirements of foreign joint venture partners.

’While significant background negotiations have been taking place, over the last three months, it was necessary to complete these formalities before moving forward,’ he added.

The company will now tender, by invitation, for aerial surveys for several specified areas in South Africa, with an initial tract of focus being an estimated several hundred square kilometres.  An additional visit to Angola is being scheduled for detailed discussions on very large areas of mine affected land which is holding back the country’s rapid economic growth.

Mineseeker is also poised to announce further initiatives in the Southern Africa region to support its drive to deliver its vision of compassionate capitalism in the region, and is also on the verge of completing joint ventures in a number of other key territories.

The company is planning to issue a comprehensive corporate release in approximately fifteen days to update shareholders and potential investors alike on our progress.

Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company’s current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

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Mineseeker Press Coverage – The Observer

May 30, 2012

The following article appeared in The Observer newspaper on Sunday 27 May 2012.

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Mineseeker Press Coverage

May 2, 2012

The following article appeared in the Express & Star group of newspapers on Tuesday 1 May 2012.

Click to enlarge article

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Mineseeker Announces New Marketing Partner

April 18, 2012

Mineseeker Operations Overseas Limited (“Mineseeker”), a British Virgin Islands corporation, has entered into a Memorandum of Understanding with USA based Wamar International LLC.

This agreement provides Wamar with representation rights in the MENA region (Middle East and North African Arab speaking countries) and commits both parties to enter in good faith negotiations to establish a joint venture entity to handle contracts in this part of the world.

Wamar will provide offices at their international headquarters in Amman, staffed by four marketing and technical personnel. The business will be headed by Wamar’s special projects manager, Mr Nasri Nowar who has known Mineseeker for the last five years. Mr Nowar has evaluated the Mineseeker product, having visited the technology supplier in the USA with the Mineseeker team and has reviewed the photo mosaic process that forms an integral part of the Mineseeker Multi-spectral Imaging Radar (MIR) product.

Mr. Nabil Barakat, President, CEO and Founder of Wamar International commented, ‘Wamar is excited about forming a relationship with Mineseeker Operations. There is no doubt that this product is much needed in the MENA region and in all countries affected by landmines. The situation in our region has been very bad for many years and the cost of locating and clearing landmines and unexploded ordnance has been prohibitive as well as technically challenging. We believe that the Mineseeker system is workable and can offer hope to the millions of people affected by the landmine problem. I believe that Wamar has the expertise, infrastructure and ability to make a big difference, in conjunction with Mineseeker, with this most important humanitarian effort.’

Mike Kendrick, CEO of Mineseeker stated, ‘We are very pleased to have joined forces with Wamar International to strengthen our marketing efforts in this important region. Since we published the initial results and images from Croatia that demonstrated the potential of the system,  Mineseeker has been in negotiations with several companies with the intent of forming strategic alliances and partnerships that would give our product the global reach it needs’.

From today’s date, all sales enquiries from the MENA area are being passed to Wamar. This includes recent enquires from Kuwait, Egypt and Libya. Libya was in negotiations with Mineseeker until the 2011 revolution and the contract negotiation papers have now been passed onto Wamar to recommence talks with the new transitional government. At the time that negotiations were terminated, an initial contract valued at $25 million was drafted to survey areas in the western desert affected by World War Two landmines and unexploded ordnance.

Mr. Kendrick continued, ’Our team has already established Mineseeker Operations Southern Africa Ltd., which has led to substantive contract negotiations. Furthermore, we have been contacted by several companies around the world, including South and Central America as well as South East Asia, and expect to announce further developments in the near future’.

Ends

Wamar International LLC is a multinational group of companies and a leading provider of premium services across several industry sectors including power generation, oil and gas and aviation. It has offices in the USA, Middle East, South Africa, South America and Asia.

www.wamar.com


Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company’s current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

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Mineseeker featured on ITV News 10 April 2012

April 11, 2012

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Mineseeker releases its first remarkable images on International Landmine Awareness Day

April 4, 2012

Mineseeker Operations, the BVI-based landmine detection company, has released images of suspected landmines, buried beneath the surface.Mineseeker deployed the technology in Croatia late 2010 for an industry demonstration and has, for the first time, released a sample of processed data that clearly show remarkable images of sub- surface objects.

The technology uses ground-penetrating synthetic aperture radar (GPSAR) to detect suspicious objects beneath the surface and then fuses that technology with a photo-mosaic image to precisely map the location of buried objects for use by teams of landmine removal technicians who clear the terrain.

Using this breakthrough technology will dramatically reduce the cost and time it takes to clear minefields using just traditional techniques. Clearing a single square kilometre of minefield using only traditional methods involves thousands of man-hours at a cost of several million dollars and with risk to the clearance teams from unmapped landmines.

This new technology is not only safer and faster but it comes at a fraction of the cost:  all of which means that huge tracts of former warzone land can now be cleared, reinhabited and put to work.

The Mineseeker product is developed from data captured by multiple sensors on-board a Robinson 44 helicopter, which can survey lands designated as mined at up to 5 square kilometres each day.

A Plan View of the Area Surveyed

Radar and Visual Image Comparison

Sub-surface Returns Viewed from Below

Reaffirming the United Nations’ commitment to work in cooperation with national authorities, territories, non-State actors, affected communities, and in partnership with non-governmental organizations (NGOs), donors, the private sector, international and regional organizations and others to reduce the humanitarian and socio-economic threats posed by mines and explosive remnants of war, Secretary General, Ban Ki-moon stated today on the International Day for Mine Awareness, “I call for universal adherence to these important treaties and for increased support for mine awareness and mine action. Landmines and explosive remnants of war hamper development and endanger lives. Let’s eliminate them together for a safe sustainable world”.

Notes.

Landmines represent a massive, man-made disaster, in post-conflict areas that kill or maim civilians every day in over 70 countries. It also has a devastating effect on the economy of the countries affected that are unable to use land, designated as mined, for commercial use and the production of food crops.

It has been estimated by the United Nations that there are up to 100 million landmines buried beneath the surface of the earth and between 200 and 800 thousand square kilometres of land affected. Someone, usually a woman or child, steps on a landmine every 20 minutes. It cripples, maims or kills these innocent victims.

The cost of finding the landmines is huge and time consuming. It is estimated that, without new technology, it could take 500 years to rid the planet  of landmines at a cost of $50 billion. The major cost is involved with laboriously searching for the buried objects. A mine operative can only clear 35 square metres per day, using a prodder.

To clear one square kilometre of land can cost more than $1 million, using traditional methods. The Landmine Monitor organisation stated that $637 million was spent on mine action in 2010 and only 200 square kilometres were cleared – more that $3 million per square kilometre.

Most of the cost is used searching for the buried object. Once located it is a simple and inexpensive process to remove the landmines.

It is estimated that 95% of the land searched by landmine operatives does not contain landmines but the threat prohibits use of the land.

Mineseeker will be able to survey the land at a rate of up to 5 square kilometres per day at a fraction of the cost and time it takes for traditional landmine clearance.

The plan is to survey the land, locate and ring fence the minefields and immediately release uncontaminated land back to the people for productive use. Once the minefields are located Mineseeker will produce multilayer maps, showing the location of the minefields so that landmine clearance companies can remove them quickly and safely.

The Mineseeker project began life 10 years ago with the formation of the Mineseeker Foundation. It tested the ground penetrating synthetic aperture radar (GPSAR) in Kosovo. However the equipment was heavy and had to be carried on an airship/blimp which was a vibration free platform. The cost was prohibitive, so Mineseeker formed a for-profit arm to raise finance in order to fund the deployment of a miniaturized system which now forms part of the company’s multi-spectral imaging radar (MIR).

The Mineseeker Foundation (www.mineseeker.org) whose founder Patron was Nelson Mandela, is now focused on landmine victim assistance.

Ends.

More information on the technology can be found here:

http://www.mineseeker.com/technology/page/3

More information on the Croatia deployment can be found here:

http://youtu.be/ChsLNDkJ2kw

Safe Harbor Statement

This release contains forward-looking statements that relate to future events or performance. These statements reflect the company’s current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.  The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the forward-looking statements.  Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

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Business Development Update

March 28, 2012

Africa

Following recent meetings in South Africa, Mineseeker Operations Southern Africa have been invited for further contract talks concerning the land affected by unexploded ordnance in the region.

This is separate from the Angolan contract meetings scheduled for April in Luanda, which concern large areas of the country which were affected by landmines laid during the decades of civil war.

The landmine problem in Angola is severe and it was announced yesterday that, as an Ottawa Convention member State it is preparing its request for an extension of the deadline for the stipulations of article 5 of the document.

A five-year extension will enable the country to implement projects and programmes and produce a more realistic picture of the anti-personnel landmine prevalence in Angola.

‘As we know up to 95% of the land designated as mined is actually incorrectly classified’, commented Chief Executive, Mike Kendrick , ‘Mineseeker through its ability to quickly survey land can facilitate the release areas that are not mined and return them to productive use. This is of great importance to Angola in resettling its population back into rural areas to develop agriculture and the country’s vast natural resources,’ he added.

Middle East

Mineseeker Operations will receive guests from a Jordanian based large international group, at its UK offices on Thursday March 29th. The company recently made an approach and is interested in working with Mineseeker across a number of Middle Eastern countries. Of specific interest are Egypt and Jordan, as well as helping the new regime in Libya.

‘There are large areas of the Middle East affected by landmines, many of which date back to the Second World War,’ said Richard Trueman, Director of Operations. ‘Mineseeker technology is particularly suited to the type of task required in this region and we believe we can make a real difference to the problems the region continues to face from landmines and other unexploded ordnance’.

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Mineseeker to Travel to Angola

March 16, 2012

Following successful meetings in Johannesburg, with senior generals of the South African Defence Force, Mineseeker has been asked to attend further meetings in Luanda, Angola . The meetings, scheduled for early April, have been arranged by Mineseeker Southern Africa and will take place with the Angolan authorities that are responsible for the landmine clearance in that country.

Angola is one of the most affected countries in Africa with up to 100,000 landmine victim amputees. Estimates of landmines in Angola range between 6 – 20 million. Apart from the obvious direct and crippling effect on the civil population, landmines are having a devastating effect on the Angolan economy. Much of the population has been displaced from homelands and mined areas are unable to produce crops to sustain the local people.

The Angolan Government is committed to eradicate landmines and re-home its people and has recently released funding to build homes in areas that are cleared.

Mineseeker will meet in Luanda with key stakeholders in the public and private sectors involved in the demining program, as a first step towards contract negotiations. Mineseeker will also register an Angolan company, in order to facilitate its commercial arrangements locally.

The technology used by Mineseeker is designed to locate minefields at a fraction of the cost and time of traditional methods. Once located, it is relatively inexpensive to remove landmine. The huge expense of mine clearance is accurately locating the minefields which can cost over $1 million per square Kilometre.

Landmine Monitor recently announced that in 2010, only 200 square kilometres of affected was cleared across the world, at a cost of $637 million – or over $3 million per square kilometre. The United Nations estimate that there are between 200 and 800 thousand square kilometres, in over 70 countries, that are designated as being mined.

MIneseeker is offering aerial surveys at a cost below $150,000 per square kilometre and can survey up to 5 sq k per day, combining ground penetrating radar and photo mosaic technology.

‘This is a major step forward for the company’ commented Group Chief Executive Officer Mike Kendrick, ‘We are delighted that our partnership in South Africa is already moving forward in such a positive manner’.

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