MCW Energy Group Limited
MCW ENERGY GROUP, A LEADING U.S. OIL DISTRIBUTOR AND INNOVATIVE OIL PRODUCER, MAXIMIZES ITS PROFIT POTENTIAL WITH AN INTEGRATED APPROACH TO THE ENERGY MARKETPLACE
MCW Energy Group Limited / Key word(s): Strategic Company Decision/Letter of Intent MCW ENERGY GROUP, A LEADING U.S. OIL DISTRIBUTOR AND INNOVATIVE OIL PRODUCER, MAXIMIZES ITS PROFIT POTENTIAL WITH AN INTEGRATED APPROACH TO THE ENERGY MARKETPLACE September 20th, 2011: Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Energy Group, a Canadian holding company listed on the Open Market of the Frankfurt Stock Exchange, plans to optimize the profit levels of its domestically-produced oil from the Utah oil sands area by combining its oil production and its existing distribution network under one corporate umbrella. Continuing high energy consumption rates in China, India and other emerging countries are likely to result in steadily rising oil prices on the global market. MCW Energy Group's strategy is aimed helping to reduce some of America's dependence on these world price developments with a new source of domestic energy: Utah's oil sands. The two principal portfolio companies, McWhirter Distribution Company and MCW Oil Sands Recovery, LLC, complement each other perfectly in a vertically integrated energy company. The California-based McWhirter Distribution Company, established in 1938, is a leading distributor of wholesale branded and unbranded gasoline and diesel products throughout western United States, with annual sales of $ 189 million USD in 2010. The Company delivers more than 70 million gallons annually and serves 150 service station operators. Leveraging its buying power with a strategic network of supply locations, McWhirter will be able to provide some of the most competitive pricing in the U.S. Western States. McWhirter also intends to be in the forefront of the emerging hydrogen fuel market. the fuel of the future and is currently developing its marketing approach in South California. The strategic concept is 'West Coast Leadership' through aggressive organic growth, as well as growth through mergers and acquisitions. The creation of a vertically-integrated oil company is a major benchmark towards the Company's goals. MCW Oil Sands Recovery, LLC, is an oil sands extraction technology company with an oil sands lease based in Asphalt Ridge, Utah. Vast oil sands reserves in Utah remain virtually untouched due to limitations of former and current commercial technologies. MCW Oil Sands Recovery, LLC is planning the development of its Asphalt Ridge oil sands lease utilizing a unique, solvent-based, environmentally-friendly closed-loop extraction technology. These benign solvents remain within the system during the extraction process, which is capable of extracting up to 98% of hydrocarbons. The technology is scalable, highly mobile, commercially viable, environmentally-friendly and is especially profitable, especially during the current high oil price ranges. Its initial extraction unit is scheduled for infield testing this fall in the Asphalt Ridge Region. With a producing oil sands operation, the MCW Energy Group intends on becoming a profitable supplier of oil to one or more of the major local/regional refineries in Utah. This new domestic source of energy will provide strategic leverage for MCW through direct control of pricing and supply of oil within McWhirter's core distribution network. MCW's formation as an integrated oil company will foster a more keen competitive environment in the fuel distribution sector of the value chain. The Company expects that the linking of its oil production with its fuel distribution network will provide advantaged pricing, higher profit margins and enhanced returns to its investors.
About the MCW Energy Group:
Press Contact: Germany: fr financial relations gmbh Attn. Jörn Gleisner Tel.: +49 (0)69 95 90 83 20 Fax: +49 (0)69 95 90 83 99 Mail: j.gleisner@financial-relations.de
The information does not constitute an offer of or an invitation by or on behalf of MCW Energy Group or any of its subsidiaries to subscribe for or purchase securities of MCW Energy Group or any of its subsidiaries, but is provided as a matter of record only. In particular, the information contained does not constitute an offer of securities for sale or solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. End of Corporate News 20.09.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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