Green Oasis Environmental Inc. Announces That Custom Carbon Processing Inc., a Wholly Owned Subsidiary, Finalizes the Purchase o
Date : 03/10/2010 @ 7:30AM
Source : MarketWire
Stock : Global Envirosolutions, Inc. (GRNO)
Quote : 0.52 0.0 (0.00%) @ 7:11AM
Green Oasis Environmental Inc. Announces That Custom Carbon Processing Inc., a Wholly Owned Subsidiary, Finalizes the Purchase o
EDMONTON, AB -- (Marketwire)
03/10/10
Green Oasis Environmental Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce Custom Carbon Processing Inc. (CCP), a wholly owned subsidiary of Green Oasis Environmental Inc., has finalized the purchase of OK Crude South LLC located in the state of Oklahoma.
The purchase of this Oklahoma facility is another key acquisition for CCP as it begins to extend its reach in the United States. Through this acquisition CCP acquires a fully operational processing facility, a state-of-the-art tank farm (capacity of 4,000 barrels) which allows for year round processing, a land lease and lease obligation, as well as a fully operational Slop Processing unit that will be modified to make it a fully operational mobile unit. This centrifugal processing unit has the capacity to process 1,200 barrels of slop oil per day. Also, it can be operated more efficiently and with significantly less overhead than the current system in Wyoming. CCP also retains the services of certain personnel that will become an integral part of CCP's expansion program over the next three years.
"This Acquisition is key and an integral piece of CCP's overall plan. With this new facility, not only do we gain new infrastructure in the South, but we also have access to slop oil from 4 different States (Kansas, Oklahoma, New Mexico and Texas) which were previously out of reach. Now that we have completed this acquisition, we can move forward to the next stages of expansion. I am pleased that everything is moving according to plan and look forward to sharing other news with our shareholders and the public as I am able to do so," stated Peter Margiotta President/CEO of Green Oasis.
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