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Friday, July 27, 2012 2:46:43 PM
"Each of the previous announcements is part of a plan we put together after several months of research and due diligence. Each component is integral to anticipated future success of Challenger Brands. With the acquisition of Challenger Brands and the addition of an additional bottling facility we have an opportunity to become a high growth high margin business. The price of oil is still at significantly high prices and there will be high demands for products like ours, which is a dependable inexpensive oil that is environmentally friendly. If we execute, and I fully expect we will, since I have done this before for Nestle and my own companies, we will be a brand name in the bottled oil business," commented Jeff Gates, the new CEO of Structural Enhancement Corp.
"We are also receiving tremendous support from the local government where the recycling plant is located. With unemployment much higher in the rural areas, like in Indiana, than it is in the rest of the country give us a competitive advantage in higher skilled labor at competitive salaries than in the urban areas. One other thing our shareholders should keep in mind is this industry is highly fragmented so there will be opportunities to acquire other companies similar to ours once we have fully integrated Challenger and the bottling facility," Gates went on to say.
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