SEATTLE (PRBuzz.com) February 7, 2013 -- Spectral Capital Corporation, (FCCN.QB) (F3SN:Stuttgart, Berlin)
Dear Shareholders,
Over the past year, we have done extensive traveling and networking around the world. Our efforts involved raising funds, developing our resources and seeking avenues to create substantial shareholder value for the company. The path in natural resources was a positive path but we have found that accumulating additional assets in this market has become overly priced and fraught with barriers of entry for small junior companies. The company just could not grow in the way we visioned and our share price suffered.
As a result we have decided to sell our Alberta oil assets and move in a different direction; a direction back to our roots and one that we are very familiar with and passionate about. The field of technology beckons with familiarity and successes.
With the direction in technology, Spectral will acquire and or partner with early stage technology companies that have the ability to grow into independent public companies. Some of the companies we will own completely and others will be partially owned. We look to have a portfolio of 5 to 10 companies over the course of the year. We are currently in late stage negotiations with a number of companies that we have identified and who meet our criteria.
The companies that we seek have a number of things in common: the products or services under development have the ability to spin off into an independent public company; they develop game changing technology within markets that have an identified need; they have leaders who are innately passionate and consumed about the development and success of their ideas; their technology has a chance to become patented.
Additionally, we have received a commitment from a group of investors for significant financing to fuel our efforts. This financing will grow over time as our acquisitions expand and goals are met. These investors have funded and continue to fund a great deal of technology companies. Due to our long-term relationships with them they are eager to work with Spectral.
We are confident and excited about the year ahead and look forward to regularly communicating our progress.
Sincerely yours,
Jenifer Osterwalder
President and CEO
ABOUT SPECTRAL:
Spectral acquires and partners with early stage technology companies that have the ability to grow into independent public companies. We focus on identifying markets in which a start up has the opportunity to greatly enhance or become a complete game changer. We look for technology that is patentable. Through our knowledge and vast network of professionals from around the world, as well as our experience as entrepreneurs, we provide support and encouragement for our portfolio teams and their visions. Spectral's portfolio teams are consumed and innately passionate about the development of their ideas.
Contact:
Jenifer Osterwalder
contact@spectralcapital.com
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