Continental Fuels, Inc. (fka CNFU)

[roguewave]

killer, load up. John Myers has found another multi-bagger that will blow away his other picks.

Check this out. These is a list of tennants from a third party.

http://www.portofbrownsville.com/images/stories/newsletter_april_2007.pdf

Now check out the press release.


http://biz.yahoo.com/bw/070423/20070423005444.html?.v=1


Through Continental's acquisition of US Petroleum Depot, Inc. and Continental Trading Enterprises, Inc., (fka UPDA Texas Trading, Inc.), in a transaction involving the payment of $2.5 million in cash within 30 days and preferred stock valued at $5.0 million, CFUL will receive established supply contracts and sales agreements with major producers and refiners for the purchase and sale of light crude condensate of international origin. The management of Continental has plans and opportunities to expand and enhance those contracts.

US Petroleum Depot owns and operates a 48,000 barrel petroleum storage facility located in the Port of Brownsville, Texas (http://www.portofbrownsville.com/). Prior to closing, these companies acquired and sold approximately 20,000 barrels of light crude condensate through these contracts and facilities and received payment in excess of $1.1 million on April 20, 2007.

As a result of the transaction, UPDA will acquire a controlling interest in CFUL.

As previously reported, Continental has also declared a 3 for 1 stock split for shareholders of record as of April 13, 2007, payable on April 20, 2007. This split will be recognized at the open of trading this morning.