Double Crown Resources Expands Capabilities and Global Market Penetration via New Strategic Alliances
March 11 2014 - 8:30AM
Business Wire
Agreements with Established Oilfield Service Companies
Serving Top Level Petroleum Industry Customers
Mar. 11, 2014 -- Double Crown Resources, Inc. (OTCQB:DDCC), a
fully reporting company, (hereinafter, "Double Crown"), has
just signed a confidential Letter of Intent (LOI) to enter into an
agreement with a well established oilfield service company and
its associated companies, creating a new strategic alliance in
support of petroleum industry projects around the globe.
The company, which requests not to be named at this time for
competitive reasons, is based in the USA and also
operates warehousing and other facilities in China.
They have Master Service Agreements and current
contracts for large scale supply of vital
drilling products to some of the most
important names in the petroleum industry today. Double
Crown expects this strategic alliance to further open up global
marketing channels for its products and services especially
with access to new opportunities in China, Argentina,
South Africa and Australia. The combination of Double Crown's own
corporate assets including our New Orleans, LA processing
plant & bulk terminal, with the wide
ranging functions of our alliance companies
is producing a very capable operation
to serve the petroleum exploration, drilling and
production industry on every level.
This new strategic alliance is another important development in
Double Crown's continuing growth plan to position
the company as a worldwide supplier of top quality
minerals and other materials needed by the
petroleum energy industry. Current negotiations are also
underway to put in place two more strategic alliances
with other established oilfield service companies for new
market penetration. One of these alliances will cover
Columbia, Ecuador and Venezuela. The other will allow
access to marketing opportunities in Saudi Arabia. Double
Crown will provide further details on these alliances and resulting
business in follow-up news and SEC filings as more progress is
made. All of the companies involved have extensive
infrastructure and capabilities in place to move vital
oilfield support products by rail, trucking and
water transport options. They also have excellent political
connections and communication ability in their operational
areas of the world.
President Allen E. Lopez stated, "In addition to the
existing strategic alliance between Double Crown Resources and
Logistica US Terminals, the new alliances being set up
now will clearly help us all best serve the varied and
far ranging supply and service
needs of the worldwide oilfield drilling
industry. Through these arrangements we are benefiting from
immediate access to established working relationships and
successful business history with some of the largest
companies in the petroleum energy market. This
access should help more quickly facilitate new contract
developments. We are planning for our own materials
processing plant in New Orleans and other
company assets to be ready to meet the expected
business demand when fully developed. Delivering our mineral
and associated products anywhere they are needed in the
most efficient, cost effective and environmentally friendly ways
possible is our primary objective. The new strategic alliances
we are putting in place at this time are key factors in meeting our
objectives and helping everyone involved serve the supply
requirements of petroleum industry customers around the globe."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration
and development company holding a 100% interest in the Bateman gold
& nickel prospect near Thunder Bay, Ontario, Canada. In
addition, Double Crown is targeting new properties as well as
oilfield supply & service projects that have the potential
for near-term positive cash flow. The company is presently
reviewing a number of new natural resource properties that are near
to, or in production, located in North, South and Latin America.
Multiple oilfield service projects are currently under active
development. Double Crown Resources, Inc., originally founded in
2006, is based in Henderson, NV.
Neither this press release nor any related calls or discussions
constitutes an offer to sell, or the solicitation of an offer to
buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking
statements in this press release. This press release contains
forward-looking statements that involve risks and uncertainties.
Words such as "will," "anticipates," "believes," "plans," "goal,"
"expects," "future," "intends," and similar expressions are used to
identify these forward-looking statements. Actual results could
differ materially from those anticipated in these forward-looking
statements for many reasons, including the risks we face as
described in this press release. For further information about
Double Crown Resources, Inc., please refer to its website at
http://www.doublecrownresources.com/.
Double Crown Resources, Inc.Jerold S. Drew, CEO & Chairman
of the Board10120 S. Eastern Ave. Suite 200Henderson, Nevada
89052Phone: (707) 961-6016Email: info@doublecrownresources.com