AERN
AER Energy Resources, Inc. (PINKSHEETS: AERN) announced today that its broker agreement with Pennsylvania-based USA Recycling Industries, Inc. (PINKSHEETS: USRI) has been substantially expanded by now handling UMO (used motor oil) collection from nationwide major auto-service center customers including General Motors, Ford, Chrysler, Toyota and Volkswagen franchised new car and truck dealership locations.
Stanley F. Wilson, AER Energy Resources, Inc., President, stated, "USA is committed to continually expanding its used motor oil collection division and this Auto Dealership Service Center customer expansion will add substantial revenues to the AER broker agreement. USRI has recognized AER Energy as a leader in the UMO brokerage sector and has chosen AER to support them in that process. AER is pleased to represent USRI with our UMO broker services and this expansion to our agreement continues our commitment to working with USA Recycling."
USA Recycling Industries CEO Vincent J. Smith commented, "We are excited about further inroads we have made into auto service center dealership operations by providing our customers with yet another key UMO (used motor oil) waste collection & disposal service." CEO Smith continued, "USRI has established a new direct relationship with an Indiana-based UMO re-refiner providing both USA Recycling Industries and AER Energy Resources a strategic advantage in the UMO marketplace."
With this addition of hundreds of nationwide auto service centers UMO is projected to bring AER Energy estimated additional annual revenues of $1,000,000.
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