Geospatial Corp (GSPH)

Description:

Geospatial Holdings, Incorporated formerly known as Kayenta Kreations, Inc. was incorporated on December 26, 1995 in the state of Nevada. Geospatial Mapping Systems, Inc. (GMSI) was incorporated on May 26, 2006 in the State of Delaware. On April 25, 2008, the Registrant merged with GMSI to form Geospatial Holdings, Inc. Upon completion of the merger, the Company adopted the business of GMSI, and GMSI became the Company's wholly-owned subsidiary and operating unit. It is an emerging pipeline management service company that is focused on developing and producing innovative technologies and services which offer technically advanced solutions for managing pipeline infrastructure assets. The Company's strategy is to combine innovative pipeline data acquisition and mapping technology with professional data management and technically superior pipeline field services to build strong client relationships in the pipeline service industry. It expects to provide innovative, proprietary technologies and services which offer technically enhanced solutions to municipalities, utilities, and oil and gas pipeline operators in the United States and abroad for managing pipeline infrastructure assets. It is the exclusive licensee of the proprietary Smart Probe technology throughout North America, South America and Australia and, as a result, it is uniquely positioned to emerge as a global leader in the use of technology to gather, manage and evaluate pipeline infrastructure data. In addition to its Smart Probe technology, its professional field services personnel provide related pipeline services such as its 'non-destructive excavation' technologies which allow it to excavate and expose underground utilities of all types without the potential danger of damaging the pipeline or surrounding utilities, pipeline video inspection, pipeline cleaning and post inspection pipeline evaluation. The Company's Smart Probe technology provides accurate X, Y and Z axes centerline mapping of pipeline infrastructure and seamlessly integrates open format data into three dimensional GIS or Computer Aided Design (CAD) databases. Using the Smart Probe technology, its mapping surveys measure and map pipelines in three dimensions and produce a precise depiction of its plan view and profile. It intends to establish Regional Technical Sales Managers (RTSMs) in various sales regions across the United States, Canada and Australia. The Company's business is highly competitive with respect to pipeline asset management services. It competes with GE Pipeline Systems, Tuboscope, Rosen, TD Williams and Enduro. As its services are applicable to a large number of pipeline industry segments, it would be working, in many cases, in and around environmentally-sensitive areas, and with pipeline materials that might require specific environmental training and strict environmental procedures and guidelines.