American Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of Drilling Byproduct
(firmenpresse) - SILVER SPRINGS, NV -- (Marketwired) -- 01/26/15 -- American Leisure Holdings, Inc. (OTC PINK: AMLH) announced today that its wholly owned subsidiary, Wroblewski Oil and Gas, has a commitment letter to serve as a broker for the sale of approximately six (6) million tons of coal located in Jeannette, Pennsylvania.
The commitment letter was received from Opal Industries Inc. in reference to the sale of six million tons of coal pre-mined and in piles. The coal has been tested by third parties WOGC is entitled to the following tiered commission structure: For the sales price of $21 per ton or over $3 per ton commission, for the sales price of $20 or below, $2 commission per ton will be paid to WOGC; for sales price of $10 or below $1 commission per ton will be paid. The pay structure allows WOGC to benefit from its efforts even with fluctuation in coal prices.
According to the Weekly Report on Coal Production & Prices published by the Friends of Coal on Monday, January 12, 2015, Coal prices on the spot market were mixed this week. Central Appalachian coal fell to $55.92 per ton, off from $56.10 last week. North Appalachian coal saw an increase in price to $66.55 per ton, up from $65.30 per ton last week. Illinois Basin coal prices also saw an increase, at $45.70 per ton, up from $44.55 per ton a week ago. Likewise, Powder River Basin and Uinta Basin coal prices increased this week -- at $12.10 and $38.30 per ton respectively. Illinois Basin coal prices also saw an increase, at $45.70 per ton, up from $44.55 per ton a week ago. Likewise, Powder River Basin and Uinta Basin coal prices increased this week -- at $12.10 and $38.30 per ton respectively.
About American Leisure Holdings, Inc.
American Leisure Holdings, Inc. is focused on investments in the North American oil and gas sector. The Company''s wholly owned subsidiary, Wroblewski Oil and Gas (WOGC), is a distributor of a leading international manufacturer of transportation fuels and petrochemical products. WOGC''s brick and mortar businesses include a retail and wholesale gasoline station, a convenience store, car wash, doggie wash, and coffee drive-thru located in Zelienople and Coraopolis, Pennsylvania. The Company''s growth strategy includes several potential projects in oil and gas exploration focused on acquiring drilling prospects, participating in permitted frac sand operations, and utilizing existing relationships to broker the sale of refinery byproducts.
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Forward-Looking Statements - This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and American Leisure Holdings, Inc. undertakes no obligation to update such statements.
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American Leisure Holdings, Inc.
(229) 200-5527
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Datum: 26.01.2015 - 05:00 Uhr
Sprache: Deutsch
News-ID 1332459
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