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James Y. Gleasman Presentation --- 2009 Annual meeting
I would like to begin tonight’s presentation with a question-----
Where were you on September 15, 2008?
It would have taken a prophet indeed to predict that the announcement on that day that Lehman Brothers was filing for bankruptcy would usher in the most catastrophic economic crisis since the Great Depression.
Such familiar names as Merrill, Lynch, Bear Stearns, Washington Mutual, Countrywide, Wachovia would disappear off the map.
Others, such as AIG, Fannie Mae and Freddie Mac would face monumental restructuring to survive.
The auto industry was not immune-----headlines such as "GM Production Plunges in Crisis"; "Economy Decimates Dealerships"; "Chrysler’s Future Uncertain" became commonplace.
And, a new word has taken center-stage in our country’s discussions of what to do.
The word?---------------"bailout."
Yet, despite an economic crisis not seen since the 1930s, a stock market implosion and the ever-present possibility of terrorist attacks, we, as shareholders, gather here tonight knowing that
1. Torvec is not going bankrupt, in spite of not receiving $900,000 in revenues from our sale of the Dartmouth ice technology license;
2. Torvec has not needed a "bailout" to survive because Torvec has no institutional debt and has never had institutional debt in its history;
3. Torvec has not had to lay off anybody, our people are busier than ever and, if certain events that I will describe tonight take place, Torvec will need to hire significant more personnel;
4. Despite the fact that the stock prices of many well known companies fell like a spaceship in some cosmic black hole, Torvec’s stock price has held relatively firm during this crisis and on many trading days, actually traded up when many other stocks were sinking.
I think all of us can be thankful that Torvec has been structured to survive even the most catastrophic economic shocks.
However, we are not just interested in surviving but in economic success which benefits all shareholders.
And, we are very optimistic that success will be ours.
Now, let’s talk specifics.
The Infinitely Variable Transmission
How many watched the President Obama’s Inaugural Parade? Did you notice NASA’s lunar rover proudly rolling down Pennsylvania Avenue? Weren’t you pleased, as a shareholder to know that your company’s IsoTorque technology was in the vehicle and that additional Torvec technology will be installed shortly?
Please recall that in July, 2007, we shipped seven IsoTorque differentials to NASA for installation in the lunar rover.
Please also recall that at the 2006 shareholders meeting, we showed you an infinitely variable transmission which we had specifically designed for the lunar rover.
We shipped that unit shortly after the meeting and NASA was impressed with the functionality and performance of the unit.
NASA next told us that it was going to upgrade the lunar rover to meet additional payload and performance requirements and requested that Torvec design the IVT to accommodate these upgrades.
We have completed the advanced design and are building seven IVTs for NASA’s next generation lunar rover for delivery in early spring, 2009.
Andy will give you a more complete update later.
The IsoTorque® Differential
Torvec’s success with NASA has ignited the interest of quite a few companies who want to license or otherwise acquire our IsoTorque technology.
1. Early last summer, we provided an IsoTorque differential to a major American automotive manufacturer for evaluation for its rear-wheel drive vehicles.
The evaluation process went extremely well and the manufacturer has recently furnished us with an axle so that we can integrate our IsoTorque technology for its front-wheel drive vehicles.
We believe our IsoTorque technology will enable the manufacturer to eliminate a phenomenon that has plagued front-wheel drive cars for years---"torque-steer."
Later tonight Andy will provide you with a demonstration of what we are talking about and why we think we have a solution which will help put this manufacturer back on the map.
We anticipate that, as the result of our efforts, the manufacturer will license our IsoTorque technology for use in six models of its entire automotive fleet.
2. Similarly, a manufacturer of axles for medium duty trucks, in other words, trucks the size of Federal Express and UPS trucks, and heavy-duty trucks, such as tractor-trailers, has been working with us since last year.
The company wants to use our IsoTorque to create an active differential control device for improved tractive capability for use within the manufacturer’s on-highway axle portfolio.
This company is also working with us to develop drive-line products for military severe duty vehicle use.
We last met with the manufacturer as recently as January, 2009 to continue to further develop our relationship.
3. A major truck manufacturer has asked that we re-design the axle it uses for its heavy-duty truck line to enable us to integrate our IsoTorque technology.
The manufacturer has recently delivered the axle to us and preparations are in place for a meeting during the first week of February to kick off this project.
Given the size of the manufacturer, its world-wide reputation and its place in the automotive world, this project could result in a very profitable license arrangement.
The Full Terrain Vehicle
1. After working with us for almost a year, the U.S. Air Force purchased a Torvec Full Terrain Vehicle in October, 2008 and formed a partnership with Torvec to create an Advanced Combat Firefighting Vehicle capable of unprecedented speed, maneuverability with diverse applications for use in the most extreme and rugged terrain.
We delivered the FTV five months ahead of schedule and the Air Force has used the time well to maximize the FTVs combat firefighting capabilities, including its robotic and autonomous potential, at Tyndale Air Force Base in Florida.
At the same time, the Air Force is providing engineering and fabrication support in developing the firefighting payload in accordance with Air Force specifications.
I believe this partnership is very important for Torvec:
First, credibility.----------------------Air Force personnel have told us that the FTV is the most advanced tracked vehicle in the world and backed this claim with a "sole source" purchase order which means that there is no competitive bidding involved;
Second, after the Air Force has completed its evaluation and modification of the FTV for its project, we will build and they will receive a "second generation" model based upon their recommendations.
This unit will serve as the basis for a Torvec-Air Force contract to furnish FTVs for the Air Force’s needs;
Third, based upon our dealings with the Air Force, we anticipate that other branches of the U.S. military, the Department of Homeland Security, FEMA, the U.S. Forestry
Service, as well as state and municipal governmental units, will purchase design-specific FTVs for---------------------boarder patrol; --------------off-highway emergencies; --------------as an environmentally-friendly vehicle for federal and state conservation and drug-enforcement efforts; and, as a fast, highly maneuverable vehicle for combat and non-combat uses.
2. The credibility we received as a result of our Air Force involvement strengthened our negotiating position with a major automotive manufacturer interested in creating an additional marketing niche for high-speed tracked vehicles worldwide.
For the better part of a year, we have been seriously engaged in discussing the pros and cons of an FTV joint venture partnership with this automotive manufacturer.
As the result of our success with the Air Force, this manufacturer altered its negotiating position to seek more involvement with the manufacture and marketing of the FTV by producing the majority of the substructure and the use of its entire worldwide dealer network.
As a result, in early December, the manufacturer placed on the table a proposal whereby they would license the rights to produce and market the FTV from Torvec.
Torvec and the manufacturer would enter into a supply contract under which Torvec would sell the steer-drive and three IsoTorque differentials for each FTV and receive a royalty equal to $10,000 for each FTV sold.
Torvec, therefore, would profit from selling the components necessary to to enable the FTV to function while at the same time, make a $10,000 bottom-line profit on every vehicle sold.
That translates into a $50,000,000 profit for every 5,000 vehicles sold. This profit would go directly to Torvec’s bottom line.
I want to emphasize, here, that while this proposal is very lucrative for us, the proposal is their proposal. And, it will be far easier to finalize a license arrangement than a joint venture agreement.
We feel very comfortable that, if this license arrangement is finalized, it would represent a major, "watershed" event for Torvec.
It certainly would enable us to fulfill our goal of listing our common stock on NASDAQ or a stock exchange.
The announcement of such a deal probably would increase our stock price considerably.
And, consider this. The revenues generated by this license, together with revenues obtained from the other transactions described tonight, will more than cover our operating costs and would put us in a position to declare a significant portion of the $10,000 per FTV royalty number as a dividend to our shareholders each year.
This is especially the case since our nearly $50,000,000 in operating losses will insulate our first revenues from federal and state taxes.
The continuing economic crisis has slowed our progress towards reaching a final, written agreement.
In addition, the President of the division who has spearheaded this project on behalf of the manufacturer has recently been promoted to corporate headquarters as the company’s new Vice-President of International Trade and has been placed in charge of the project in his new capacity.
Needless to say, we feel quite good about the possibilities here.
General Concluding Thoughts
As I have stated before, I remain very optimistic about Torvec’s future.
I believe we have made very, very significant progress since we reassumed control of the company in mid-2005.
By and large, we have taken and are continuing to take the steps necessary to commercialize our products and increase the value of our company for our shareholders.
For example, the announcement of any one of the potential business arrangements I just discussed would significantly increase our stock price and perhaps enable Torvec to declare dividends.
Moreover, such an announcement would enable us to get off the OTC—Bulletin Board and become listed on NASDAQ where, among other things, our stock price would not be at the mercy of market makers, Torvec would become eligible for trading by institutional funds and we could be followed by automotive analysts familiar with the automotive industry.
Introduction of Andrew Gleasman
At this time, I normally would turn the microphone over to Keith.
Tonight, I will be turning it over to Andy Gleasman.
As many of you know, Andy has been fully immersed with all of the Gleasman family’s inventions since he was twelve.
He sat on his grandfather’s knee and absorbed our founder’s knowledge and the knowledge base and skill sets of Keith and myself.
Andrew Gleasman is a graduate of Rochester Institute of Technology where he strengthened his background with courses in Management Information Systems, political science and criminal justice.
Over the past five years, Andy has been involved in all aspects of Torvec’s business, from working on the infinitely variable transmission, the FTV, our CVjoints and especially our IsoTorque differential, to assisting in corporate administration and management, to his role as Technology Manager in charge of our computer network and website webmaster.
Andy literally "has done it all."
More importantly, Andy has participated in almost all of the meetings with executives at every level which Torvec has had over the past number of years and is responsible for a considerable amount of the success we have had in attracting companies to our products.
We have found that many of the people we have worked with are Andy’s peers----for example, a key contact on Hillary Clinton’s staff graduated from the same high school as Andy; our NASA contacts generally are persons in their late twenties and early thirties; members of the racing teams we are working with are Andy’s age;
More importantly, we have found that as we actually work with companies on specific projects, Andy’s involvement, on a day-to-day basis, with their personnel increased to such an extent that he became the actual "point person" for Torvec in the relationship.
In view of all this, we thought that Andy would be the logical person to describe where we are with many of these projects in more depth.
What does the change in beneficial ownership of this company mean. It shows the CFO with 400,000 shares. Is he selling them?
Durk: i was looking at your posts and thats a nice picture. Thanks for all you do!
AMOR had great news friday after hours and we had 50,000 dollars worth of volume on friday. This volume will carry into monday and in my opinion this will break the dollar mark easily next week!!!
$50,000 worth of volume yesterday alone!!! Thats amazing, This is going to break through the dollar mark next week!!!!
AM Oil Resources & Technology Outlines Goal for 2009
4:30p ET January 30, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology. The Company's technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.
Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: "These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
"According to the Energy Information Administration (EIA), which provides the official energy statistics from the U.S. Government, the U.S. consumed 20.68 million barrels of crude oil and petroleum products per day in 2007 and our daily production is just above 5 million barrels per day. The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology. To meet our daily demand, the U.S. gets the vast majority of its oil from foreign sources. Because of our weak economy, we borrow from China to pay for the oil we need, deepening our economic crisis and expanding our trade deficits. We believe that producing our own domestic oil is a better option for the country and we believe that our technology is a solution in that direction," further commented Miller.
About AM Oil Resources & Technology Inc.:
Our mission is to use, sell and produce our patent and patent pending technologies, providing environmentally safe and cost-effective apparatus designed to maximize oil production in oil fields, in both domestic and international markets. To provide solutions to the world with technology that will recover crude oil that would otherwise remain in the ground forever. By utilizing proper development, partnership and strategic alliances, we will attain this goal. Our website is: www.am-oil.com
I am still thinking this one is going to take off next week. We are all expecting great news to come!!!
Amor had great after hours news!!! AM Oil Resources & Technology Outlines Goal for 2009
4:30p ET January 30, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology. The Company's technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.
Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: "These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
"According to the Energy Information Administration (EIA), which provides the official energy statistics from the U.S. Government, the U.S. consumed 20.68 million barrels of crude oil and petroleum products per day in 2007 and our daily production is just above 5 million barrels per day. The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology. To meet our daily demand, the U.S. gets the vast majority of its oil from foreign sources. Because of our weak economy, we borrow from China to pay for the oil we need, deepening our economic crisis and expanding our trade deficits. We believe that producing our own domestic oil is a better option for the country and we believe that our technology is a solution in that direction," further commented Miller.
About AM Oil Resources & Technology Inc.:
Our mission is to use, sell and produce our patent and patent pending technologies, providing environmentally safe and cost-effective apparatus designed to maximize oil production in oil fields, in both domestic and international markets. To provide solutions to the world with technology that will recover crude oil that would otherwise remain in the ground forever. By utilizing proper development, partnership and strategic alliances, we will attain this goal. Our website is: www.am-oil.com
AMOR after hour news!!!
AM Oil Resources & Technology Outlines Goal for 2009
4:30p ET January 30, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology. The Company's technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.
Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: "These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
"According to the Energy Information Administration (EIA), which provides the official energy statistics from the U.S. Government, the U.S. consumed 20.68 million barrels of crude oil and petroleum products per day in 2007 and our daily production is just above 5 million barrels per day. The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology. To meet our daily demand, the U.S. gets the vast majority of its oil from foreign sources. Because of our weak economy, we borrow from China to pay for the oil we need, deepening our economic crisis and expanding our trade deficits. We believe that producing our own domestic oil is a better option for the country and we believe that our technology is a solution in that direction," further commented Miller.
About AM Oil Resources & Technology Inc.:
AM Oil Resources & Technology Outlines Goal for 2009
4:30p ET January 30, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology. The Company's technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.
Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: "These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
"According to the Energy Information Administration (EIA), which provides the official energy statistics from the U.S. Government, the U.S. consumed 20.68 million barrels of crude oil and petroleum products per day in 2007 and our daily production is just above 5 million barrels per day. The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology. To meet our daily demand, the U.S. gets the vast majority of its oil from foreign sources. Because of our weak economy, we borrow from China to pay for the oil we need, deepening our economic crisis and expanding our trade deficits. We believe that producing our own domestic oil is a better option for the country and we believe that our technology is a solution in that direction," further commented Miller.
About AM Oil Resources & Technology Inc.:
AM Oil Resources & Technology Outlines Goal for 2009
4:30p ET January 30, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology. The Company's technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.
Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: "These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
"According to the Energy Information Administration (EIA), which provides the official energy statistics from the U.S. Government, the U.S. consumed 20.68 million barrels of crude oil and petroleum products per day in 2007 and our daily production is just above 5 million barrels per day. The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology. To meet our daily demand, the U.S. gets the vast majority of its oil from foreign sources. Because of our weak economy, we borrow from China to pay for the oil we need, deepening our economic crisis and expanding our trade deficits. We believe that producing our own domestic oil is a better option for the country and we believe that our technology is a solution in that direction," further commented Miller.
Volume here was even nice to see. I'd love to see it higher but i'll take it for a friday in a market like today's!!
XYTS should break out monday. 10% gain was nice to see today!!!
NICE GAIN TODAY. thats what we like to see out of this company.
AMOR-The chart is setting up nicely for a big run very soon!!! WE have a new support level at .80. Watch this one break 1.00 next week!!!
AMOR looked very good today. On LEVEL 2 bid was stacking up very nicely and ask was looking thin!!!
AMOR's chart is setting up nicely for a big run next week. I just received an email from a company telling me to watch for what AMOR has to offer.
AMOR's bid is building
IDCC keeps looking up!!!
AMOR BID STACKING UP!!!!
AMOR ask is thin to $1.00
AMOR heavy volume, gonna break $1.00 soon!!!
.80 x .86 AMOR
AMOR .80 x .86
AMOR NEWS AM Oil Resources & Technology Acquires Build Biodiesel Technology to Create Energy Diversity
7:30a ET January 26, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB:AMOR), announced today that it has just completed design drawings to build a mobile bio-diesel device. The Company's design is a mobile biodiesel production plant, capable of producing 2,000 to 3,000 gallons of biodiesel per week. The designed plant fits into a standard truck-trailer with dimensions 8 feet wide by 45 feet long by 9.5 feet tall.
Biodiesel is the name of a clean burning alternative fuel, produced from domestic, renewable resources. Biodiesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a biodiesel blend. It can be used in diesel engines with little or no modifications. Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Biodiesel is made through a chemical process called transesterification whereby the glycerin is separated from the fat or vegetable oil. The process leaves behind two products -- methyl esters (the chemical name for biodiesel) and glycerin (a valuable byproduct usually sold to be used in soaps and other products). Biodiesel is better for the environment because it is made from renewable resources and has lower emissions compared to petroleum diesel. It is less toxic than table salt and biodegrades as fast as sugar. Since it is made in the USA from renewable resources such as soybeans and recycled vegetable oil, its use decreases our dependence on foreign oil and contributes to our own economy.
According to Anthony K. Miller, CEO, "The mobile biodiesel plant is to be self sufficient, adaptable to different grades of waste vegetable oil (WVO), environmentally friendly, and economical. Our initial goal is to produce fuel that can be used to operate our patent steam generators, oil field equipment and/or our vehicles. Biodiesel is typically blended with diesel for usage and any surplus we produce can be sold for a profit. We can sell the glycerin as a profit center as well." Miller added, "Management and our consultants have extensive experience in this field, with involvement in one of the first stationary plants built in California. We are extremely excited by the promise this can hold for our Company." Biodiesel is fuel considered as GREEN and a focus of the current democratic administration as noted by the following Links: http://domesticfuel.com/2008/12/15/obama-picks-please-biodiesel-board/; http://domesticfuel.com/2009/01/16/biodiesel-leads-asas-priorities-to-obama/; http://www.eia.doe.gov/oiaf/analysispaper/biodiesel/.
About AM Oil Resources & Technology Inc.:
AMOR .82 x .83 bid is new base!!!
Big drop at the lunch hour slowly building back up. We are keeping the support!!
AMOR bid keeps building!!!!
AMOR .82 ASK THIN TO $1.00
AMOR .75 x .82 BREAKING OUT!!!
This is bringing in some volume. Very nice to see!!!
Watch for this to break 1.00 very soon, level 2 very thin!!
thanks.
The chart for amor is starting to look outstanding.
NEWS FROM AMOR AM Oil Resources & Technology to Seek Product Exposure Through Media Outlets
9:00a ET January 28, 2009 (Business Wire)
AM Oil Resources & Technology Inc., (OTCBB:AMOR) announced today that the Company has adopted a strategy of pursuing air time and space on print and media outlets to increase awareness of its patented products and technologies for maximizing crude oil recovery. The Company is pursuing worldwide application for the use of its Portable Steam Generators in enhanced oil recovery efforts. The fully patented technology has been found to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells".
Anthony K. Miller, CEO of AM Oil Resources & Technology stated, "We are looking to increase awareness of AM Oil's environmentally friendly technologies that provide the ability to extract crude oil more economically. We are confident that our plan to increase media exposure with corporate features and product profiles will lead to greater acceptance and utilization of our products. We believe that this worldwide awareness campaign is the best strategy available to grow this Company. Our goal is to provide the public with a better understanding about the Company, its technology, its potential and its mission. We invite interested parties to submit inquires through our website and we will ensure that we address all significant issues as part of this awareness program". "
About AM Oil Resources & Technology Inc.:
Our mission is to use, sell and produce our patent and patent pending technologies, providing environmentally safe and cost-effective apparatus designed to maximize oil production in oil fields, in both domestic and international markets. To provide solutions to the world with technology that will recover crude oil that would otherwise remain in the ground forever. By utilizing proper development, partnership and strategic alliances, we will attain this goal. Our website is: www.am-oil.com
AMOR $19,000 in volume already today. Watch for more to come!!! Get in cheap before this thing breaks the dollar mark
amor bid keeps building as well!!!
AMOR .75 x .82
IDCC is looking good again today guys!!!
AMOR thin to $1.50
Tomorrow is going to be exciting!!!IMO
AMOR-Gonna explode tomorrow!!!