AER Energy Launches Fuel Trading and Used Motor Oil Brokering Division Nationwide
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwire) -- 01/19/12 -- AER Energy Resources, Inc. (PINKSHEETS: AERN) has successfully launched its nationwide UMO brokering services through its subsidiary FTPM Resources, Inc. Clients under existing FTPM brokering agreements have contracted with large national accounts for the collection and recycling of UMO from automotive service centers nationwide.
Stanley F. Wilson, AER Energy Resources, Inc., President, stated, "With our brokering assistance, an AERN client is bundling its existing automotive waste streams with the collection of UMO and is venturing with one of the largest collectors and re-refiners in the country. Through this relationship, FTPM is now expanding its original southwest U.S. marketing base in 2009 to a nationwide presence today. AER Energy is pleased to begin rolling out FTPM's UMO brokerage services across the USA."
An existing UMO brokering agreement client has 4,000 nationwide automotive service centre locations under a related agreement and this new UMO collection stream could generate up to 1,000,000 gallons per month of UMO. Projected AER-FTPM UMO revenues are estimated to be as much as $2,000,000 in 2012.
AER Energy Resources, Inc. () is a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
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Datum: 19.01.2012 - 14:00 Uhr
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News-ID 105830
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