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Midland, Inc. Announces Exxon Corp. Enters Into an Agreement to Test DF-144
Business Wire - May 21, 1998 17:03
%MIDLAND MIDL XON %TEXAS %CALIFORNIA %ENERGY %OIL %GAS V%BW P%BW
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HOUSTON--(BUSINESS WIRE)--May 21, 1998--John H. Spriggs, C.O.O. of Midland, Inc. (OTC/BB:MIDL), today announces their wholly owned subsidiary Arcon Energy has received a request from Exxon (NYSE:XON) for samples of "DF-144."
Exxon intends to test the DF-144 in their Research and Development Laboratories in Baton Rouge, La. Under a mutually acceptable confidentiality agreement, Arcon has agreed to provide Exxon with the necessary material to test DF-144. Exxon has agreed to furnish all test results provided both parties remain confidential at this time with any test data. Currently Exxon's attorney is drafting an agreement for Arcon's approval and signature.
DF-144 is now registered with the EPA as required by law. On behalf of Arcon Energy, Maverick Engineering will provide all necessary MSDS data sheets and has been contracted to design and supervise the construction of Arcon's new plant. John H. Spriggs, C.O.O. of Arcon Energy, stated, "It is extraordinary that a major Fortune 500 Company agrees to test the product of a small, undiscovered company such as Arcon Energy. Due to the complication of the ethanol industry, particularly in Calif., DF-144 is attracting nationwide attention."
Safe Harbor Act Disclaimer: This release may contain forward-looking statements that involve risks and uncertainties including, without limitation, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the company's dependence upon financing, third-party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus.
CONTACT: Midland, Inc., Dallas
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