NEWS OUT ON GREEN OASIS
Green Oasis Environmental, Inc. Announces Change in Control and Signs Letter of Intent to Acquire Custom Carbon Processing, Inc.
EDMONTON, ALBERTA--(Marketwire - 11/12/09) - Green Oasis Environmental, Inc. (Pinksheets:GRNO - News), carrying on business as Global Enviro Solutions, Inc. ("GES."), a Florida corporation, announced today that there has been a change in control of the Company along with the resignation and reinstatement of a new Board of Directors and Officers. Mr. Peter Margiotta has been named President, Director and Chairman of the Board of "GES." The Company also announces the intent to acquire Custom Carbon Processing, Inc. that will operate as a wholly owned subsidiary of Global Enviro Solutions, Inc.
Along with the control change, the Company has begun focusing on restructuring its core business as well as bringing the Company current as a Pink Sheets issuer, allowing it to position itself to pursue suitable acquisition candidates, which it is believed will further enhance shareholder value.
ABOUT GLOBAL ENVIRO SOLUTIONS, INC. ("GES")
Global Enviro Solutions, Inc. has been fully dependent upon its current management and/or significant shareholders to provide sufficient working capital to preserve the integrity of the corporate entity. "GES" is a forward thinking Company that is seeking out acquisitions of cutting edge technologies in the field of oil recycling, water treatment, water injection, bio-remediation and other technologies in the field of environmental solutions and recycling.
HISTORICAL BUSINESS INFORMATION: The Company was incorporated in September of 1991 under the laws of the State of Florida and was quoted on the NASD OTCBB. During 1991 to 1997, the Company was a development stage company and devoted its activities to converting waste oils into marketable fuels. The company was not able to carry out its original business plan to make it a viable operation and now with the new management, and leadership, Global Enviro Solutions will be focusing on its new core business in oil remediation, recycling and environmental solutions. The Company has recently changed its name from Green Oasis Environmental, Inc. and while it is in the process of obtaining a symbol change, it will operate as Green Oasis Environmental, Inc. carrying on business as Global Enviro Solutions, Inc.
ABOUT CUSTOM CARBON PROCESSING, INC. ("CCP")
"CCP" is a Wyoming-based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that "CCP" has developed, CCP is able to process slop oil (an unrefined, non saleable oil) into pipeline standard crude. Its current facility has the capabilities of processing up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, "CCP" sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading company.
In addition to its Wyoming facility, "CCP" is currently planning expansion of its processing technology into Montana and North Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America. For more information on Custom Carbon Processing, Inc., please visit www.customcarbonprocessing.com
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
