HI BRAD,
MOLY LOOKS VERY INTERESTING. AT LEAST IT'S NOT DELISTED. WHAT ELSE CAN YOU TELL US ABOUT MOLY. PLEASE KEEP EVERYONE INFORMED ABOUT MOLY, THAT'S MOLY ON THE NASDAQ.
Worldwide PetroMoly Announces Distributor
Agreements With Two Florida Based Companies
May 1, 1998 07:55 AM
HOUSTON, May 1 /PRNewswire/ -- Dixie Oil
and Equipment, Inc., an independent oil
distributor based in Tallahassee, Florida has
entered into a distribution agreement with
Worldwide PetroMoly Inc. MOLY to market
PetroMoly motor oil and lubrication products to
their industrial, commercial and retail customers.
Dixie Oil, with its CEO Ray Hogg, has well
established lines of distribution through out
northern and central Florida as well as southern
Georgia.
Also, RHB Services, another oil distributor, which
is based in West Palm Beach, Florida and owned
by Richard Bourque, has entered into a
distribution agreement to market PetroMoly to its
100 plus customer base which include
construction companies and various municipalities.
"The combined sales revenues from both of the
new distributors for the first three quarters is
projected to surpass $250,000 and is expected to
quadruple there after as the demand for our
product matures," says Elizabeth Barasch, Sales
Engineer for Worldwide PetroMoly. "Dixie Oil
has a stable line of customers and a highly
credible reputation. RHB is young and growing
fast. Each company is strategically ideal for
PetroMoly," adds Barasch.
"We are very delighted to be working with two
such excellent organizations as Dixie Oil and
RHB," says Gil Gertner, Chairman of Worldwide
PetroMoly. "With these two additions to our lines
of distribution we are further strengthening our
marketing presence in the Southeast, which we
anticipate to roll out to its neighboring regions in
the very near future." Gertner says.
Worldwide PetroMoly manufactures, markets and
distributes high-performance lubricants for use in
all types of motor vehicles, compressor engines
and railroad locomotives. PetroMoly products
utilize a new patent-approved technology
containing stable and suspended molybdenum
disulfide (moly), a hard and extremely low-friction
metal, which fills in the micro-porous, crater-like
surfaces of pistons, rings and cylinder walls. This
creates a more efficient engine atmosphere, and
prevents metal-to-metal contact, thereby reducing
friction, heat, and wear. Moly is a slick and
powerful antioxidant, known to have the world's
lowest coefficient for friction. For more
information please visit the PetroMoly web site at
petromoly.com.
This news release contains "forward-looking
statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. Although the company
believes that the expectations reflected in such
forward-looking statements are reasonable, it can
give no assurance that such expectations will
prove correct. SOURCE Worldwide PetroMoly
Inc.
THANKS,
MR METALS |
