Pacific Oil Company Enters Into Negotiations to Acquire Technology Driven Products and Services Company
March 27 2014 - 8:45AM
Marketwired
Pacific Oil Company Enters Into Negotiations to Acquire Technology
Driven Products and Services Company
LAS VEGAS,NV--(Marketwired - Mar 27, 2014) - Pacific Oil Company
("Pacific Oil") (OTC: POIL), is pleased to announce that has
entered into negotiations to acquire a private US company which
holds the distribution rights to Patent Pending products and
service applications, utilizing ground breaking Nano
Technology.
Ed Loven, Vice president of Pacific Oil, said, "Nano Tech West
Inc. holds the distribution rights to new technology that has
the potential to be a game changer in the oil industry, with
respect to how we as companies, mitigate a multitude of
environmental risk. Our relationship with the company started
out with curiosity, progressed to acquiring a licensing agreement
and now is at the point where on the surface it has begun to make
good business sense to purchase the company outright."
Pacific Oil would like to assure its shareholders that before
the acquisition is finalized the company will have Nano Tech West's
cutting edge technology both field tested and rigorously vetted by
an independent 3rd party, which specializes in the field of Nano
Technology.
About Nano Tech West Inc.,
Nano Tech West Inc. is the exclusive distributor of NanoSand
(Patent pending) in the Western Hemisphere and seeks to work with
qualified end users directly and through strategic Joint Venture
relationships. Nano Tech West, Inc., has launched operations
in Canada and has made strong in roads in initially servicing oil
and gas sectors and has significant expansion potential in a
variety of other industries, including the mining sector.
Nano Tech West Inc. is a company dedicated to the advancement of
operational efficiencies of resource companies and environmental
standards using leading edge technologies. NanoSand (Patent
Pending) is the flagship offering that is a highly effective
technology that acts as the foundation for achieving these
goals.
Nano Tech West, Inc., was created to further the European
research and development initiatives that span over a decade of
work in the nanotechnology arena, rigorous testing protocol and
backstopped with third party testing and confirmation.
About Pacific Oil Company:
A Nevada based corporation, Pacific Oil Company is a dynamic
junior energy company with both established assets and production
within the energy rich province of Saskatchewan Canada.
The company continues to add value and set the stage for rapid
success through low risk acquisitions and organic growth achieved
through further development of existing properties. Pacific Oil
fully understands that a balance must be struck between short term
profitability, increasing net asset value and the long term growth
that rewards early shareholder.
Pacific Oil operates under the notion that operational
efficiency achieved through the minimization of administrative
overhead is of the upmost importance if costs are to be kept under
control and profits maximized for investors. All capital
expenditures must provide value and risk control must be present at
all times.
Forward-Looking Statements This news release contains
"forward-looking statements" as that term is defined in Section 27A
of the United States Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
in this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new projects and development stage companies. These forward-looking
statements are made as of the date of this news release, and the
company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although management believes that any beliefs, plans, expectations
and intentions contained in this press release are reasonable,
there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in the company's
annual report on Form 10-K for the most recent fiscal
year, quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission
CONTACT: Pacific Oil Company Ed Loven 1 888 303 2272 ir@poil.us
10120 W. Flamingo Rd., #4 - 240 Las Vegas, NV 89147 USA
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