MCW Energy Group Limited
MCW FUELS (Division of MCW ENERGY GROUP) AWARDED WITH KEY NATIONWIDE MOTOR CARRIER AGREEMENT BY CONOCO PHILLIPS.
MCW Energy Group Limited / Key word(s): Agreement
June 21st, 2012. June 25th, 2012. Press Release: For Immediate Release. MCW FUELS (Division of MCW ENERGY GROUP) AWARDED WITH KEY NATIONWIDE MOTOR CARRIER AGREEMENT BY CONOCO PHILLIPS. June 25th, 2012: Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Energy Group Limited, a Canadian holding company with two divisions focused on value creation: (1) MCW Fuels Inc., a well established distributor of gasoline and diesel fuels to a growing list of service stations in southern California, and (2) MCW Oil Sands Recovery, LLC, which will implement MCW Energy Group's proprietary oil sands extraction technology on its lease in Asphalt Ridge, Utah is pleased to announce the signing of a Master Motor Carrier Services Agreement between ConocoPhillips and its fuels distribution division, MCW Fuels Inc. The Master Motor Carrier Services Agreement, signed recently by both parties, essentially appoints MCW Fuels as a key fuels distributor resource to ConocoPhillips' extensive network of service stations throughout the United States. MCW's growing delivery truck fleet will be deployed to assist in the supply of a wide range of fuels to Phillips 66's network of over 10,000 service stations. The addition of MCW's delivery capabilities is intended to augment ConocoPhillips' own existing delivery fleet throughout the U.S. 'This Agreement with ConocoPhillips truly elevates our Company's standing in the echelon of key fuel distributors with one of America's largest energy companies,' stated Dr. R.G. Bailey, CEO of MCW Energy Group. He added, 'This prestigious appointment also provides a catalyst for our MCW Fuels division to roll out as a national distribution entity in the very near future.' MCW Energy Group's management team agreed that this is a significant step in the growth of MCW Fuels as a major player in the domestic fuel distribution sector and that it would lead to a sizeable new revenue stream for the Company.
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