(OTC BB: QTII) Gets Price Target Of $2.50
(CybeRelease, May 9, 2006) - Lake Harmony - QuadTech International, Inc. (“QuadTech”) (OTC BB: QTII), a global provider of leading-edge technology solutions, announced today that it has signed a three-year exclusive worldwide sales and marketing agreement with iPackets International (“iPackets”) (Other OTC PK: IPKL), whereby QuadTech will market and sell iPackets’ iPMine mine-safety technology. The agreement is automatically renewable for an additional three-year period.
iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine and has been successfully demonstrated 1800 feet (600 meters) below ground in one of the largest nickel and copper mining operations in China. The company also received a price target of $2.50.
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