AscenTrust, LLC., an existing Texas corporation, in good standing, wholly owned by it's Founder and Principal Engineer, was Incorporated in 2009 to act as a joint venture vehicle with an Australian Investor who was going to finance the prototype of the NTPBMR project. The Company now offers a broad range of Consulting in the Oil and gas industry, the Electrical Infrastructure industry, etc.
IDFS, INC. (International Diversified Financial Services, Inc.), an existing Texas corporation, in good standing, wholly owned by the Founder and Principal Engineer of AscenTrust, LLC., is the financial arm of the Project listed below. As the funding moves forward IDFS, Inc. will open an office in Calgary Alberta, Canada. The corporations in Canada will serve as the Global Headquarters for the creation of a financial program to issue and monetize SBLC's (Standby Letters of Credit) for project funding.
NITEX (Nitex International, LLC), an existing Texas Limited Liability Company filling Taxes as a C-corporation, in good standing, wholly owned by the Founder and Principal Engineer of AscenTrust, LLC.. Nitex is the Corporate vehicle for the refinery project in Louisiana which will be referred to herein as the Pelican Bay Refinery Project
Advanced Software Development, Inc. , was originally Incorporated in the State of Delaware in 2000. The Senior Engineer was working on the implimentation of a HIPAA (Health Insurance Portability and Accountability Act) compliant Electronic Medical Records to be used in the rural medical clinics which we were designing and building for a local medical practitioner (In the Conroe area of Montgomery County, Texas). When the internet bubble burst we were left with nothing more than a working prototype which we had installed on a laptop running Windows XP.
The Senior Engineer of AscenTrust, LLC. is developing all of the propriatary software for the projects under the DBA of Advanced Software Development. When the first scratch monies come in for the IDFS project, we will re-incorporate ASD in the State of Texas>. Advanced Software Development, Inc. will be the custodian of the Intellectual Property for the software products developed for the projects in which the Senior Engineer has a hand in funding.
Advanced Software Development, Inc. is a private development Group and not a software consulting Group.