Blackbird International (USOTC:BBRD)
Historical Stock Chart
5 Years : From Jul 2011 to Jul 2016
Blackbird International Corporation (PINKSHEETS: BBRD) is most pleased to announce that its subsidiary, Insight Group Technologies Inc, has been chosen by Cooper Industries, one of North America's largest Industrial and Commercial Supplies conglomerates, and also of the oldest companies to be listed on the New York Stock Exchange, as their provider of warehouse optimization solutions.
Cooper have selected the DC Expert suite to benchmark, optimize and reconfigure the warehouse inventory slotting throughout their global warehousing and distribution network. The project commenced late last year with a pilot at the North Carolina facility and is now being rolled out over a two year plan to each of the 30+ distribution centers throughout the continental United States.
Brian Lui, Insight's DC Expert Product Manager, acknowledges "this is another notch under DC Expert's belt, to have a company of Cooper's size and scope utilize our solution suite to optimize their operations." The hope is that adoption of Insight's flagship software application can be rolled out to a further 100+ Cooper locations worldwide within the next 12 months.
In addition to the software sale and related support contract, Insight has proposed a professional services agreement to complete a comprehensive review of facility operations and distribution centers utilizing their expertise of our Supply Chain and Logistics in conjunction with the DC Expert software suite.
The proposal will be on a continuing basis and another example of the template that can be applied for many of the major operations that rely on BBRD/Insight's technology products and services within this market space.
''We should receive Cooper's response to our joint proposition imminently and we shall immediately advise our shareholders," states John Pedder, president.
About Blackbird International Corporation
Blackbird has two main divisions in its operations: the Technology and Business Services division develops and manages software both in the gaming industry as well as in the field of supply chain management. It develops products and provides the installation and the services required by many Fortune 500 clients. Among its clientele for its technology and services include Fosters Beer (Australia), Nestle, Coca Cola, MainFreight (Australia). It is in an acquisition mode in order rapidly to become a major firm in this lucrative global market.
Through its second division, the company is setting up and operating casinos and gaming centers in North America, the Caribbean and East Europe. Its first site shall be in Queretaro, Mexico. The Company has a letter of intent with Juegos De Mexicana by which it will own 50% interest in the casino and will manage its operations. The casino will be fully licensed to operate electronic gaming terminals, bingo, keno, electronic card games, sports betting and several others.
Blackbird has also entered into an agreement to own and manage a casino in Panama for which construction should start within three months.
The Company shall use its expertise and software to install and manage the electronic gaming equipment in the casinos.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.