DGAP-News: MCW FUELS (Division of MCW ENERGY GROUP) AWARDED WITH KEY NATIONWIDE MOTOR CARRIER AGREEMENT BY CONOCO PHILLIPS.
(firmenpresse) - DGAP-News: MCW Energy Group Limited / Key word(s): Agreement
MCW FUELS (Division of MCW ENERGY GROUP) AWARDED WITH KEY NATIONWIDE
MOTOR CARRIER AGREEMENT BY CONOCO PHILLIPS.
26.06.2012 / 11:00
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June 21st, 2012.
MCW Energy Group - Press Release Draft.
Confidential.
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.
About ConocoPhillips:
Recently merged from Conoco and Phillips 66, the Company, based in Houston,
Texas is one of the world's major energy companies with over 16,000
employees in 30 countries. It explores, produces, transports and markets
crude oil, natural gas, liquids, liquefied natural gas and bitumen on a
worldwide basis. Its portfolio includes legacy assets in North America,
Europe, Asia and Australia as well as oil sands/shale development programs.
Phillips 66 refines, markets and transports crude oil and petroleum
products in the U.S., Europe and Asia. The Company is one of the largest
petroleum refiners in the U.S. with 15 refineries and a domestic net crude
oil processing capacity of 1.8 mmbd.. Its petroleum products are marketed
throughout its 10,000 retail outlets in U.S. and Europe under the brands
Phillips 66(TM), Conoco(TM), 76(TM) and Jet(TM) in Europe.
About MCW Fuels:
A division of MCW Energy Group, this operation markets over 145 million
gallons of branded and unbranded fuels (including 25 million gallons per
year volume added with the recent acquisition of WestcoPetroleum
Distributors) annually throughout Southern California. The Company now
supplies fuel to more than 200 branded and unbranded service stations and
provides commercial fuels to over 100 businesses. It retains regional
branding rights to major premier brands such as 76, Valero, Alliance, and
offers signage assistance and state-of-the-art accounting systems. MCW
Fuels also provides several value-added services including credit card
processing, inventory control systems and price management services, and is
involved in the marketing of alternative fuels such as hydrogen. Through
an aggressive program of mergers and acquisitions such as Westco Petroleum
Distributors (announced June 12th, 2012), and the Master Motor Carrier
Agreement with ConocoPhillips, the Company is planning to expand into other
regional U.S. markets. For more information on MCW Fuels and MCW Energy
Group, please visit the corporate website at: www.mcwenergygroup.com .
For Media/Press Information, please contact:
Paul Davey,
Communications/Media/Investor Relations,
MCW Energy Group,
334 Main Street, Suite 101,
Shediac, New Brunswick, Canada E4P 2E5
Tel: (001) 800-979-1897
Email: paul(at)mcwenergygroup.com
Note:
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
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