BenchMark Signs Manufacturing Agreement in Mexico for Antifreeze Production
January 14 2014 - 1:17PM
BenchMark Energy Corp. (OTCPink:BMRK), a refiner and supplier of
Glycerin for commercial processes, announced it has signed
agreements with a processing company in Mexico to provide them with
refined Glycerin, and for the production and shipment of
BenchMark's own brand of antifreeze for resale to consumer market
here in North America.
Under the agreement, BenchMark Energy will supply increased
shipments of refined Glycerin to its Mexican partner, and in return
will be provided manufacturing, production, and shipment of
BenchMark's own brand of antifreeze, now to be marketed under the
new brand name Timberline Antifreeze.
Once in full production, our Mexican production facilities
should be on course to ship up to 150,000 gallons of antifreeze to
the company per month. The Company anticipates that the first
shipments of their new Timberline Antifreeze
product should be on store shelves by the end of January 2014.
Mark Bateman, the CEO of BenchMark Energy Corp. commented, "We
are very excited to announce our contracts with our Mexico partners
for the production of Timberline Antifreeze as our first commercial
Glycerin-based retail consumer product. We feel by utilizing our
secure supply of Glycerin, and the environmental aspects of using
our Glycerin-based product as opposed to Ethylene Glycol, that
BenchMark will be providing a cutting edge new product within the
antifreeze market."
ADVANTAGES OF GLYCERIN BASED ANTIFREEZE
- Less corrosive on engine parts - More cost-effective than
Ethylene Glycol based Antifreeze - Close to neutral on a corrosive
scale - Better for the environment (less toxic) - Supportive of the
renewable fuels industry
UNIT SIZES TO BE MARKETED
Timberline Antifreeze will be marketed in
both 1 gallon containers, 55 gallon drums and bulk ISO containers.
The 1 gallon containers will be focused on the retail market,
providing a superior product at a lower cost per container than
conventional antifreeze. Through internal and marketing price
reviews they feel Timberline
Antifreeze will be extremely competitive price wise
to current antifreeze products on the market.
The 55-gallon drums and ISO containers will be marketed towards
transportation companies, farmers, school systems, automotive
repair shops, and other enterprises that service fleets of
vehicles. Although launch is still pending for January 2014,
BenchMark has already received indications of interest from
transportation companies as potential pre-orders.
Additional blends of Timberline
Antifreeze are expected in the coming weeks and
months ahead.
Photos of the recent signing of this agreement will be posted
shortly on our official Twitter account at
http://twitter.com/BenchMarkE
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTCPink: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 STATEMENTS
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.
CONTACT: INVESTOR RELATIONS
Ashlee Guzman
Phone: (832) 691-0011
Email: investorrelations@benchmarkenergy.com