Voyager Petroleum Forms Joint Venture Operation to Export Used Motor Oil GlobeNewswire "Press Releases"
READING, Pa. , Jan. 21, 2011 (GLOBE NEWSWIRE) -- Voyager Petroleum Inc. (Pink Sheets:VYGO), an emerging leader in ecofriendly processing, oil distribution and specialty recycling programs targeting the automotive service center industry, today announced an agreement creating a controlling-interest in a Joint Venture Operation with an international trading firm for the purpose of exporting Used Motor Oil and other related recyclable lubricants. Through Voyager's wholly-owned subsidiary, Sovereign Oil, Inc. , the Joint Venture Operation was formed with Earth Metal Scrap USA, Inc. to operate export administrative offices from the New York Metropolitan Area and export trading facilities in India and Dubai . Under the arrangement Voyager will provide an on-going supply stream of Used Motor Oil and related recyclable lubricants. Earth Metal Scrap USA will provide licensing authority, to export Used Motor Oil and related recyclable lubricants, from every major shipping port in the United States of America . The Joint Venture Operation is expected to initially export tens-of-millions-of-gallons of Used Motor Oil and related recyclable lubricants on an annual basis.
About Voyager Petroleum Inc.
Voyager (
www.voyagerpetroleum.com) is a publically traded mid market petroleum based brokerage, processing and distributor in an $11 Billion Dollar U.S. market. Voyager also participates in the $75 Billion Dollar global scrap metals market through wholly-owned subsidiary, Scrap USA, LLC , which provides specialty scrap metal recycling programs to the Automotive Service Center Industry. The Company provides private label and wholesale eco-friendly petroleum based products to end users including small to medium sized fuel blenders and refineries, as well as automotive and manufacturing markets. Voyager's strategy has been to build shareholder value through acquisition and growth. The Company seeks target companies that may save costs and generate greater revenue from increased capital expenditures, vertical integration and wider distribution channels.
About Earth Metal Scrap USA, Inc
Earth Metal Scrap USA, Inc. (
www.earthmetalusa.com) is based in Glen Oak , New York . Operating as a privately-held firm since 1994, Earth Metal Scrap USA is an international trading company "providing quality materials to consumers in 19 countries through trading offices in North America , India and the United Arab Emirates ."
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
CONTACT: Vincent J. Smith - CEO Voyager Petroleum Inc 877-464-5865
Source: Voyager Petroleum, Inc.
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