History
A small Alberta oil and gas shell became a speech-recognition patent company, spent years chasing patent income without result, then in 2024 bought a film, television and music business.
2007-2009: From Alberta gas wells to speech recognition
The company began as Samoyed Energy Corp. In May 2007 it paid US$150,000 in cash to Stone Canyon Resources Inc. for small interests, between 3.125% and 9.5%, in Alberta oil and gas leases known as the Wilson Creek Assets. They included one producing gas well, one shut-in gas well and one potential gas well.
The oil and gas business did not last. In February 2008 Samoyed announced a letter of intent to combine with Advanced Voice Recognition Systems, Inc. (AVRS), a speech-recognition company. A binding Stock Exchange Agreement followed in May, and the deal closed on May 19, 2008. Samoyed issued 140,000,000 shares, leaving former AVRS holders with about 85% of the company. The next day it handed all its oil and gas assets and liabilities to Stone Canyon in return for the 22,749,998 Samoyed shares Stone Canyon held, which were cancelled. Walter Geldenhuys replaced Lisa Jacobson in the leadership, and the business was still in the development stage with no product revenue. In June 2008 the company renamed itself Advanced Voice Recognition Systems, Inc. and replaced its auditor, whose earlier reports had carried going-concern warnings, meaning doubt about the company's ability to keep operating.
In October 2008 it agreed to sell 16,000,000 shares to Lion Share Capital LLC for a $5,000,000 promissory note. No payments were ever made. The company declared default in December 2009 and in January 2010 foreclosed on the pledged shares and cancelled the deal.
2010-2012: Small placements and a patent fight
With the Lion Share money missing, the company turned to private investors. In March 2010 it agreed to sell 10,000,000 shares at $0.05 ($500,000), paid in installments. In May it agreed to sell 10,000,000 more at $0.08 ($800,000). Further sales followed: 5,250,000 shares for $420,000 in October 2010 and 4,375,000 shares for $350,000 in March 2011, both at $0.08. In January 2012 it sold 5,000,000 shares at $0.04 for $200,000, half the earlier price. Shares on issue rose from 192,642,865 at the end of 2011 to 204,282,865 a year later.
In March 2010 the US patent office declared an interference, a contest over who invented first, between the company's patent application and a patent held by Allvoice Developments. The record does not state the outcome. In August 2011 the company dismissed its auditor, Cordovano and Honeck, after the US audit regulator told the firm that Sam Cordovano would receive a permanent bar. Borgers & Cutler took over. The 2009 and 2010 audit reports still carried going-concern paragraphs.
2015-2018: Trying to turn patents into money
The record is quiet for 2013 and 2014, apart from steady growth in shares on issue to 219,195,268 by the end of 2014. In 2015 the company looked for ways to earn money from its patents. In March it hired Adapt IP Ventures on a 60-day exclusive basis for a 15% success fee, and in April Adapt IP agreed to pay Meyer & Associates up to $20,000 to keep prosecuting the patents, to be repaid through an unsecured note. In August it signed with Dominion Harbor Group, which would advance up to $10,000,000 of costs in return for 42.5% of net proceeds, with nothing owed if nothing was recovered.
In November 2016 it signed a contingent fee agreement with the law firm Buether Joe & Carpenter, paid only if money was recovered. In 2017 it hired Schmeiser, Olsen & Watts as local counsel for forthcoming litigation in Arizona. In June 2017 Dominion Harbor and the company agreed to end their deal. No proceeds had been generated, so the company owed nothing for advanced costs.
Legal fees caused trouble. Meyers & Associates sued in Colorado in October 2017. In January 2018 the company and Mr. Geldenhuys settled by giving it a $52,385.46 note at 12% interest, and in August 2018 the payment schedule was pushed back to December 2018. In July 2018 the company filed an infringement complaint against Apple, Inc. The record gives no details and no later status. Small share sales kept it funded, including 5,000,000 shares for $25,000 in June 2017 and 11,500,000 shares for $72,450 in November 2018. Shares on issue reached 267,020,268 by the end of 2018.
2019-2023: A quiet record and a change of control
From 2019 the record is largely silent. Small placements in 2021 and early 2022 brought shares to roughly 285 million by the end of 2021. The share count then shows as 2,849,203 at the end of 2022. The record does not explain this fall, so it should be treated with caution.
In April 2023 the company sold 262,579,731 shares at $0.001165 for $305,682 to one investor, and the filing said the money paid all the company's debts. The investor also bought 17,000,000 shares from Mr. Geldenhuys for $53,000. The investor then held 52.89%, a change of control.
2024-2026: Rivulet Media and a new business
On March 1, 2024 the company signed an Asset Purchase Agreement to buy assets of Rivulet Media, Inc. for 90,784,800 new shares plus $10,069,000 in cash. The same day it sold 7,500,000 shares at $0.40 for $3,000,000, and paid $2,600,000 of that to Rivulet. Rivulet's shareholders were to control 88.24% of the company. In May 2024 it replaced its auditor, BF Borgers, with Astra Audit and Advisory, with no reason stated.
The deal closed on July 7, 2024. The company acquired certain Rivulet Media subsidiaries for about 97 million shares (96,722,950) and cash, and took on a film, television and music production business. It later took the name Rivulet Entertainment, Inc.
In May 2025 the cash price was cut to $6,450,000 and the closing conditions and default provisions were removed. Of that, $2,950,000 had been paid and $3,500,000 was owed. Later that month the board said its 10-KT report filed in November 2024 could no longer be relied on, because a roughly $27 million equity pre-payment to Rivulet had been recorded as an asset purchase deposit instead of an offset to equity. Correcting it would cut total assets and equity by about $27 million, with no effect on the statement of operations. An amended filing was planned but had not been seen.
On February 12, 2026 the company and Rivulet agreed to replace the $3,500,000 still owed with 12,900,000 restricted shares and 1,000,000 Series C Preferred shares, whose terms were not stated. As of February 19, 2026, the company was a film, television and music producer led by Walter Geldenhuys, with its old speech-recognition patents, the Allvoice contest and the Apple complaint carrying no reported updates.
Written from the 31 story beats below (2007 to 19 Feb 2026), which come from the company's own announcements and filings.