Been a long time since I was able to add something to this thread:
biz.yahoo.com
American Energy Services Signs Representation Agreement With Green Oasis Environmental
HOUSTON, Jan. 16 /PRNewswire/ -- American Energy Services, Inc. (OTC Bulletin Board: AEYS - news; AES) announced today that it had signed an exclusive representation agreement with Green Oasis Environmental, Inc. (GOE), a modular refinery manufacturer. AES will provide sales and marketing activity for GOE in Mexico.
The Agreement will provide AES with substantial revenues on all sales of GOE processing plants in Mexico. It is anticipated that Mexico may purchase ten to thirty units during the next two years. AES anticipates that such sales should generate between $40 and $100 million in revenues. AES will have the right of first refusal to provide all pipe, valve and fitting requirements for each unit. This could provide an additional $4 to $10 million in revenues for AES's regular product lines.
``This is another example of our strategic relationships with technologically proficient oil and gas service companies to capitalize on the opportunities in Mexico. We believe that this Agreement provides us with a substantial revenue opportunity,'' said Pat Elliott, AES President. ``The Mexican Department of Energy officials and state-run oil company PEMEX have shown significant interest in establishing freestanding waste oil and distilling plants in strategic areas of Mexico which are not adequately served by the country's existing refinery capabilities. Our experience in Mexico and relationship with PEMEX combined with GOE's globally patented technology and manufacturing expertise makes this an ideal combination to pursue this business.''
PEMEX and the Mexican Government believe that the construction of the facilities will provide a variety of benefits to Mexico including improved distribution of diesel and other fuels to the local population, reduction in imports of refined products, reduction in the cost of handling and disposal of waste oils and employment of Mexican labor in the construction process.
Mr. Elliott is currently featured in an interview at ceocast.com where he discusses this Agreement.
About American Energy Services, Inc.
Founded in 1987, American Energy Services, Inc. designs, engineers, manufactures, markets and services over 300 standard and specialty valves of varying sizes and pressures used to regulate the movement of liquids, gases and solid materials. AES is a licensed API monogram holder and its valves are manufactured according to the specifications of the American Petroleum Institute (API) and are ISO 9000 approved. The Company markets its products in over 31 countries on six continents to a broad range of industries including petrochemical, plastics, energy, utility, engineering, construction and power generation. The Company's clients include manufacturers, producers, processors, transporters and refiners of oil, and natural gas; mining and mineral processing, plastic and petrochemical processing and power generators. The Company owns three patents and has three trademarks AEV, AES, and AES Accuseal 500. For more information visit the Company's website aesvalves.com.
The statements made by American Energy Services, Inc. (AES) may be forward-looking in nature within the meaning of the federal securities laws that are subject to risks and uncertainties. AES believes that its primary risk factors include, but are not limited to: changes in the overall economy; changes in technology; the number and size of competitors in its markets; changes in the law and regulatory policy; and the mix of product and services offered in the Company's target markets.
Contact: Adrienne Salomon of CEOcast Inc., 212-732-4300, for American Energy Services, Inc.
SOURCE: American Energy Services, Inc. |
