DGAP-News: MCW ENERGY GROUP, A LEADING U.S. OIL DISTRIBUTOR AND INNOVATIVE OIL PRODUCER, MAXIMIZES ITS PROFIT POTENTIAL WITH AN INTEGRATED APPROACH TO THE ENERGY MARKETPLACE
(firmenpresse) - DGAP-News: MCW Energy Group Limited / Key word(s): Strategic Company
Decision/Letter of Intent
MCW ENERGY GROUP, A LEADING U.S. OIL DISTRIBUTOR AND INNOVATIVE OIL
PRODUCER, MAXIMIZES ITS PROFIT POTENTIAL WITH AN INTEGRATED APPROACH
TO THE ENERGY MARKETPLACE
20.09.2011 / 13:56
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MCW ENERGY GROUP, A LEADING U.S. OIL DISTRIBUTOR AND INNOVATIVE OIL
PRODUCER, MAXIMIZES ITS PROFIT POTENTIAL WITH AN INTEGRATED APPROACH TO THE
ENERGY MARKETPLACE
September 20th, 2011: Shediac, New Brunswick, Canada/Frankfurt, Germany:
MCW Energy Group, a Canadian holding company listed on the Open Market of
the Frankfurt Stock Exchange, plans to optimize the profit levels of its
domestically-produced oil from the Utah oil sands area by combining its oil
production and its existing distribution network under one corporate
umbrella.
Continuing high energy consumption rates in China, India and other emerging
countries are likely to result in steadily rising oil prices on the global
market. MCW Energy Group's strategy is aimed helping to reduce some of
America's dependence on these world price developments with a new source of
domestic energy: Utah's oil sands. The two principal portfolio companies,
McWhirter Distribution Company and MCW Oil Sands Recovery, LLC, complement
each other perfectly in a vertically integrated energy company.
The California-based McWhirter Distribution Company, established in 1938,
is a leading distributor of wholesale branded and unbranded gasoline and
diesel products throughout western United States, with annual sales of $
189 million USD in 2010. The Company delivers more than 70 million gallons
annually and serves 150 service station operators. Leveraging its buying
power with a strategic network of supply locations, McWhirter will be able
to provide some of the most competitive pricing in the U.S. Western States.
McWhirter also intends to be in the forefront of the emerging hydrogen fuel
market. the fuel of the future and is currently developing its marketing
approach in South California. The strategic concept is 'West Coast
Leadership' through aggressive organic growth, as well as growth through
mergers and acquisitions. The creation of a vertically-integrated oil
company is a major benchmark towards the Company's goals.
MCW Oil Sands Recovery, LLC, is an oil sands extraction technology company
with an oil sands lease based in Asphalt Ridge, Utah. Vast oil sands
reserves in Utah remain virtually untouched due to limitations of former
and current commercial technologies. MCW Oil Sands Recovery, LLC is
planning the development of its Asphalt Ridge oil
sands lease utilizing a unique, solvent-based, environmentally-friendly
closed-loop extraction technology. These benign solvents remain within the
system during the extraction process, which is capable of extracting up to
98% of hydrocarbons. The technology is scalable, highly mobile,
commercially viable, environmentally-friendly and is especially profitable,
especially during the current high oil price ranges. Its initial extraction
unit is scheduled for infield testing this fall in the Asphalt Ridge
Region.
With a producing oil sands operation, the MCW Energy Group intends on
becoming a profitable supplier of oil to one or more of the major
local/regional refineries in Utah. This new domestic source of energy will
provide strategic leverage for MCW through direct control of pricing and
supply of oil within McWhirter's core distribution network. MCW's formation
as an integrated oil company will foster a more keen competitive
environment in the fuel distribution sector of the value chain. The Company
expects that the linking of its oil production with its fuel distribution
network will provide advantaged pricing, higher profit margins and enhanced
returns to its investors.
About the MCW Energy Group:
The MCW Energy Group is a Canadian holding company with two principal
portfolio companies; the California-based McWhirter Distribution Company,
established in 1938, a leading distributor of branded and unbranded
gasoline and diesel products throughout western United States, and MCW Oil
Sands Recovery, LLC, an oil sands extraction technology company with an oil
sands lease and proprietary oil sands extraction technology based in Utah.
The Company is focused on providing a new source of domestic fuel from
America's virtually untapped oil sands resources. With an ongoing
production source of oil from its oil sands leases, MCW intends on becoming
a profitable supplier of oil to several regional refineries. This new
domestic source will provide strategic leverage for MCW through direct
control of pricing and supply of oil within its core distribution network.
For more information, please visit the corporate website:
www.mcwenergygroup.com
Press Contact:
MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P2E5 Canada
Attn. David Sutton
Tel.: 001 (800) 979-1897
Fax: 001 (866) 571-9615
Mail: info(at)mcwenergygroup.com
Germany:
fr financial relations gmbh
Attn. Jörn Gleisner
Tel.: +49 (0)69 95 90 83 20
Fax: +49 (0)69 95 90 83 99
Mail: j.gleisner(at)financial-relations.de
The information does not constitute an offer of or an invitation by or on
behalf of MCW Energy Group or any of its subsidiaries to subscribe for or
purchase securities of MCW Energy Group or any of its subsidiaries, but is
provided as a matter of record only.
In particular, the information contained does not constitute an offer of
securities for sale or solicitation of an offer to buy securities in the
United States of America. Securities may not be offered or sold in the
United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended.
End of Corporate News
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