Universal Property Development Corporation (fka UPDV)

[turn around]

geer did $32.6 mio in q2
uspd does currently not ship condensate, but now diesel and other petroleum products.

US Petroleum continues to negotiate the terms of a new supply agreement for the resumption of shipments of light crude condensate but alternative products are now being received and shipped through the Brownsville facility.

In April 2008, the above described repair work was completed and the Brownsville facility re-started operations. US Petroleum is currently receiving, storing and shipping diesel fuel and other petroleum products through the Brownsville facility. In April, May and June 2008, US Petroleum received and shipped 27,000, 649,000 and 652,000 gallons of diesel fuel, respectively, through the Brownsville facility.

During the first quarter of 2008, revenue from Geer increased from $13.0 million in the fourth quarter of 2007 to approximately $14.5 million, and in the second quarter of 2008, Geer’s revenue grew to over $32.6 million.

http://www.sec.gov/Archives/edgar/data/859365/000129707708000083/cnfu_form1012gsec2.htm