Sulphco, Inc.(fka SLPHQ)

[PappaJohn]

OIL-SC Announces New Strategy for the Successful Marketing of SulphCo's Sonocracking(TM) Technology
Last Update: 1:35 PM ET Mar 27, 2006

SPARKS, Nev., March 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- SulphCo, Inc., a company engaged in the development and commercialization of technology for upgrading and desulfurizing of crude oil and petroleum products, announced today that its Korean marketing partner OIL-SC, has recently held a shareholders meeting to discuss the new marketing strategy of SulphCo's Sonocracking(TM) Technology. OIL-SC is currently responsible for the installation and testing of 2,000 barrel/day demonstration plant situated outside of Seoul, Korea.
In preparation of introducing the technology to the Korean market, OIL-SC, Ltd has decided to change its company name to SulphCo KorAsia, Inc. and will begin trading on the Korean Over the Counter Market beginning April 30th, 2006. Neither SulphCo nor its affiliates have an equity interest in SulphCo KorAsia, Inc.
In addition, the newly formed SulphCo KorAsia, Inc. has appointed 5 directors to the Company, one of which is an auditor, and three that stem from the Korean chemical companies Samsung Total and SK Chemicals.
T.H. Kim and J.B. Kim will take charge of marketing, as SulphCo KorAsia's Chairman and Managing director respectively. Prior to joining SulphCo KorAsia T.H. Kim was responsible for base chemical sales and marketing at Samsung Total, as its Senior Managing Director. J.B. Kim was the Technical Department Manager of SK.
The current director of OIL-SC, H.D. Kim, also a former employee of Samsung, will continue to be responsible for the technology maintenance of the Sonocracking(TM) Technology at the 2,000 barrel/day facility.
In preparation of rolling out their marketing initiatives, SulphCo KorAsia is scheduled to open another office in Seoul on April 5, 2006, where the Company's key personal will be situated. The current facility in Shiheung-Si will be used solely for technical purposes including demonstration to customers.
SulphCo KorAsia's business plan indicates that it will complete its ongoing Sonocracking test program utilizing the 2000 B/D demonstration plant in April so that test results can be issued in a final report in May. The next stage over this summer calls for conducting test programs with prospective customers. The goal is to enter into the first commercial contract in the fall.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
SOURCE SulphCo, Inc.
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