To: bradley g mooney who wrote (31945 ) 5/2/1998 2:05:00 PM From: Mr Metals Read Replies (1) | Respond to of 35569
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