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biz.yahoo.com
Tuesday February 2, 8:06 am Eastern Time
Company Press Release
CNH Holdings Announces NSG, Inc. has Received a Signed Master Service
Agreement With Callon Petroleum Company
KILGORE, Texas--(BUSINESS WIRE)--Feb. 2, 1999--CNH Holdings Company Inc. (OTC BB:CNHH - news) a diversified
environmental clean up company, announces its wholly owned subsidiary NSG, Inc. has received a signed Master Service Agreement with Callon Petroleum
Company (NYSE: CPE - news). At the present time, NSG is awaiting operations to finish on a drilling site in Galveston County, Texas in order to finish the pit
closure. NSG will pump the NOW waste material out of the pit then handle the transporting and disposal.
NSG has two ongoing NOW disposal projects on closed-loop drilling systems through Baroid Drilling Fluids, a Subsidiary of Halliburton Company (NYSE: HAL -
news) in Colorado County and in Lavaca County, Texas. NSG has caught up on their commitment on these projects and are presently hauling NOW waste as
needed.
NSG has just completed a NOW hauling operation for GDDC Disposal Company in Wharton County, Texas.
''In order to keep pace with increases in workload commitments, we have had to increase our service capacity by purchasing two additional tractor-semi-trailer
units plus taken a lease on a third flat bed trailer unit and hired additional drivers,'' said Jerry Pybas President CNH Holdings. ''This will give us more flexibility and
better response time to meet the needs of our various customers, primarily related to NOW disposal operations.''
CNH is a diversified environmental company in the business of waste disposal / cleaning up of NORM (Naturally Occurring Radioactive Materials) and NOW
(NonHazardous Oilfield Waste) environments (NORM Services Group); supplying rental services (maintenance / manpower / equipment / service) to off-shore oil
rigs and on-shore oil well sites (NSG Rentals); and oil and gas production / leases (Southport). For more information, visit the Company's home page on the World
Wide Web: normcleanup.com
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:
CNH Holdings Company Inc., Kilgore
Gerald Pybas, 903/984-6425
Jeff |
