Benchmark Energy Explores Development of Coolant and Antifreeze Product Line
22 11월 2013 - 2:16AM
Marketwired
Benchmark Energy Explores Development of Coolant and Antifreeze
Product Line
COLDSPRING, TX--(Marketwired - Nov 21, 2013) - Benchmark Energy
Corp (OTC Pink: BMRK), an International supplier of Glycerin for
commercial processes, announced plans to develop its own
coolant/antifreeze product line in the US.
Benchmark Energy is a leading provider of Glycerin, which is
used in many commercial processes, such as in production of
cosmetics and soaps, animal feed, and in anti-freeze products.
Retained as a by-product from biodiesel production, the Company
maintains a strong distribution relationship with end-use
production companies who require Glycerin in the manufacturing
process.
For the fourth quarter of 2013, the Company projects shipping
1.6M pounds of Glycerin to its manufacturing partners in the US,
and North America.
ANTIFREEZE PRODUCT LINE
In order to leverage its access to the raw Glycerin market, and
its growing distribution network, the Company is exploring the
development of its own line of coolant and antifreeze products for
sale in the US, and North America. The product line will likely
include all three types of antifreeze products -- conventional,
organic acid technology (OAT) and hybrid organic acid technology
(HOAT) -- although there could be other products considered as
well.
Mark Bateman, Chairman and CEO of BenchMark Energy commented,
"Benchmark Energy is pleased to announce the development of its own
line of coolant and anti-freeze products to potentially expand our
revenue growth within the company. Although in the initial stages,
we feel our ability to leverage our every growing access to
Glycerin, and distribution contacts across the US, we could provide
Benchmark the ability to grow the company internally through the
launch of its own consumer brand line, while increasing value for
our shareholders."
SHARE STRUCTURE
As of Nov. 18, 2013, the Company had approximately 23.5 million
common shares issued and outstanding, with a public float of around
1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink: BMRK) is the source
for glycerin and related refined components, providing value
through our industry knowledge." Our mission statement starts
the story, but the rest is available at
http://benchmarkenergy.com.
SAFE HARBOR STATEMENT The statements in this release that relate
to the Company's expectations with regard to the future impact on
the Company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not occur.
The Company undertakes no obligation to publicly release the result
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations.
INVESTOR RELATIONS Ashlee Guzman Phone: (832) 691-0011 Email:
investorrelations@benchmarkenergy.com
Benchmark Energy (CE) (USOTC:BMRK)
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