HOUSTON, TX, Feb. 13, 2014 /PRNewswire/ - Well Power, Inc.
(OTCQB: WPWR),- (The Company), is a Company that has secured
the licensing rights to the state of Texas for a new technology solution to process
waste natural gas, such as vented, flared or stranded gas into
"clean power" and Engineered Fuels, including no-sulphur diesel and
diluents. Today the Company is pleased to announce the
appointment of Dan Patience as
President and Director of the Company.
Mr. Patience currently serves as the President of Noble
Investment Corp., a private company based in Calgary, Alberta that has been providing
Investment Banking/Investor Relations Services to publicly listed
Canadian and US Companies since 1994.
Dan Patience has been involved in
the investment Industry for 30 years, starting off his starting
career in the brokerage business in 1984. He founded Noble
Investment Corp. February of 1994 which has been involved in
funding companies and guiding them toward public listings, as well
as providing Investor Relation services.
Mr. Patience is based in Calgary,
Alberta and has focused on the oil and gas sector, as well
as hi-tech companies. Mr. Patience, stated, "Well Power is entering
into an exciting time of growth and opportunity with the licensing
of ME Resource Corp's technology for the solution of wasted gas due
to flaring. I am excited about the Micro-Refinery technology
as it will be mobile, scalable, and it will be able to be deployed
close to the wellhead to process raw natural gas into Engineered
Fuel and clean power. I personally feel that the Micro-Refinery
Unit presents itself as a game changing technology for the industry
and it is these types of forward thinking teams which I am happy to
be part of, and that we really hope will help to continue the
innovation in this industry."
Noble Investment Corp. has been instrumental in
aiding companies, some of which include Heritage Oil Corp.,
Allen-Vanguard Corporation (TSX-VRS), Americas Petrogas Inc.
(TSXv-BOE), and Niko Resources Ltd. (TSX-NKO), raise over
$250 Million CAD in financings for
working capital purposes. Prior to establishing Nobel
Investment Corp. Mr. Patience was with Levesque Securities Inc.
based in Calgary, Alberta from
February 1992 to January 1994.
Mr. Patience studied marketing at the
University of Calgary.
The Company believes Mr. Patience educational
background, work history, and strong financial experience will be
of extreme value to the operations of Well Power Inc.
About Well Power, Inc. (the "Company")
The Company has acquired an exclusive license from MEC, a
Canadian publicly listed company that is developing mobile and
scalable Wellhead Micro-Refinery Units (MRUs) deployable close to
the wellhead to process raw natural gas into liquid fuels and clean
power. As a result of the License Agreement, the Company is now a
development stage company seeking to commence the new business of
distributing MRUs in the State of
Texas and from there into other geographical areas.
The Company is looking to position itself as a technology
company, which will provide oil and gas producers and operators a
solution to process otherwise wasted natural gas, including
stranded, shut-in, flared and vented gas and produce valued
end-products including Engineered FuelTM (diesel,
diluents, synthetic crude) and electrical power.
For more information about the Company please visit our website
at www.wellpowerinc.com
Further information on the Company and its filings can be found
at www.sec.gov
Forward Looking Statements
Some information in this document constitutes forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements, such as the closing of the share
exchange agreement. The words "plan", "forecast",
"anticipates", "estimate", "project", "intend", "expect", "should",
"believe", and similar expressions are intended to identify
forward-looking statements. These forward-looking statements
involve, and are subject to known and unknown risks, uncertainties
and other factors which could cause the Company's actual results,
performance (financial or operating) or achievements to differ from
the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking
statements. The risks, uncertainties and other factors are
more fully discussed in the Company's filings with the U.S.
Securities and Exchange Commission. All forward-looking
statements attributable to Well Power, Inc., herein are expressly
qualified in their entirety by the above-mentioned cautionary
statement. Well Power, Inc., disclaims any obligation to
update forward-looking statements contained in this estimate,
except as may be required by law.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
SOURCE Wellpower inc.