ESP Resources, Inc. Broadens International Distribution Through Reseller and License Agreement With HY-Test Petroleum Limited fo
July 14 2011 - 9:00AM
ESP Resources, Inc. (OTCBB:ESPI) (the "Company" or "ESP
Resources"), an oil and gas services company offering analytical
services and essential custom-blended oil and gas well chemicals
which improve production yields and overall efficiencies, announced
that it has signed a Reseller and License Agreement ("Agreement")
with a Cyprus-based petroleum trade company, HY-Test Petroleum
Limited, ("HY-Test"), as the exclusive reseller of the Company's
petrochemical products in Germany, France, United Kingdom,
Netherlands, Belgium, Sweden, Norway, Denmark, Kazakhstan,
Luxembourg, Azerbaijan, Indonesia, Malaysia and Singapore.
HY-Test maintains representative offices in the Netherlands and
Indonesia and supplies materials to clients within the oil and gas,
chemical and petrochemical, corrosion protection, pipeline
construction and refining industries. HY-Test has extensive
relationships with several of the national oil companies and
international pipeline companies located in the represented
countries in Europe and the Far East.
The Agreement is for an initial term of two years and is subject
to minimum purchase requirements by HY-Test. Through this
Agreement, the Company anticipates testing opportunities to begin
in several of the represented countries during the 3rd and 4th
quarters of 2011. One of the Company's senior field technicians has
been assigned to HY-Test to test several products in the Company's
petrochemical product system in conjunction with the current
activities of HY-Test within the next 90 days. ESP Resources
expects that the recently signed agreement with BPT Americas, in
conjunction with the HY-Test agreement, will provide it with a
significant geographic chemical product representation on several
continents.
"Based on our meetings with HY-Test, they expect frequent
evaluations of our entire petrochemical product line to occur in
the near future so that they can continue to expand our products
and services to the countries assigned in our agreement," stated
David Dugas, President of ESP Resources. "As we boost our testing
activities in the contract countries over the next six months, the
impact on our company's growth can be significant for our revenue,
profits and our international presence," Dugas stated further.
About ESP Resources,
Inc.:
ESP Resources, Inc. is a publicly-traded (OTCBB:ESPI) oil and
gas services company offering analytical services and essential
custom-blended oil and gas well chemicals which improve production
yields and overall efficiencies. Through its wholly owned
subsidiary, ESP Petrochemicals, Inc., the Company distributes its
product line throughout the oil and gas producing regions of
Louisiana, Texas, Mississippi, Alabama, Arkansas and Oklahoma. The
Company also distributes internationally though oil and gas service
companies in other prolific oil and gas well regions throughout the
world. The Company's senior management has over 100 years of
combined operating experience in the petrochemical industry. More
information is available on the Company's Website at
www.espchem.com.
Legal Notice Regarding Forward-Looking Statements:
This press release contains "forward looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Statements in this news
release that are not historical facts are forward-looking
statements that are subject to risks and uncertainties.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. Forward looking statements are generally, but not
always, identified by the words "expects," "plans," "anticipates,"
"believes," "intends," "estimates," "projects," "aims,"
"potential," "goal," "objective," "prospective," and similar
expressions or that events or conditions "will," "would," "may,"
"can," "could" or "should" occur. Information concerning oil or
natural gas reserve estimates may also be deemed to be forward
looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed.
Actual results may differ materially from those currently
anticipated due to a number of factors beyond the reasonable
control of the Company. It is important to note that actual
outcomes and actual results could differ materially from those in
such forward-looking statements.
Readers are cautioned not to place undue reliance on the
forward-looking statements made in this press release. In
evaluating these statements, you should consider the risks
discussed, from time to time, in the reports we file with the U.S.
Securities & Exchange Commission. For a discussion of some of
the risks and important factors that could affect the Company's
future results and financial condition, see the Company's Form
10-Ks and 10-Qs on file with the U.S. Securities & Exchange
Commission.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056