ROCKVILLE, MD, July 28, 2010 – GateKeeper USA, Inc. (Pink Sheets: GTKP), announced today that it has been granted an exclusive worldwide 99 year license from an affiliate of Phoenix Partners LLC (Phoenix) for the fabrication of Basalt Fiber through a proprietary process in the manufacturing of cargo and shipping containers.
The proprietary process creates Basalt Fiber, which is then converted into a composite as a substance creating a Basalt Fiber Reinforced Polymer (BFRP) that can generate finished material at a cost that is significantly less than steel.
The utilization of BFRP in the production of shipping containers will result in a container that is significantly lighter, has better insulating qualities, is 4 times stronger, and has a lifespan 5 times greater than that of conventional steel containers, that can be offered at a lower price. Smart Box Ventures, LLC a newly formed subsidiary, will implement the BFRP container business.
“The synergies created by combining this paradigm shifting technology with our existing cargo security platforms, are extremely compelling. We welcome the opportunity to work closely with the Phoenix affiliate on this transaction, as well as Phoenix, as in addition to its merchant banking, corporate and business development responsibilities, will proactively shepherd the activities of SmartBox Ventures, LLC to the global markets.” Stated James W. Wishart, CEO of GateKeeper USA.
About GateKeeper USA, Inc.
GateKeeper USA, located in Rockville, Maryland, is engaged in the maritime container industry as it relates to container security and protection from potential terrorist attacks. The initial focus of the company is the deployment of a proprietary shipping container security device known as the GateKeeper Container Automated Monitoring System (CAMS). The Company has employed proprietary detection and identification technologies. The technologies to being utilized by the Company provide rapid, automatic and specific real-time analysis, identification and quantification of the chemical, biological and radio active compounds whether in liquid, solid or gaseous states. For more information, visit our website at www.GateKeeperUSAInc.com.
About Phoenix Partners LLC
Headquartered in Los Angeles, CA with additional offices in Chicago, New York and Lausanne, Phoenix Partners LLC is a investment banking firm that was founded in 1992 that provides advisory services to middle market companies in merger and acquisitions (buy and sell-side), corporate finance (equity and debt) and corporate and business development advisory serving a diverse base of clients around the globe in many core industries and verticals including but not limited to transportation, financial services, food and beverage, apparel, entertainment and health care.
Phoenix Partner LLC
12218 Montana Avenue Suite 400
Los Angeles, California USA
This press release contains 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 (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. The Company’s actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors.