Green Mountain Development and C. Trade Announce Pennsylvania Oil Terminal Project
May 06 2011 - 10:00AM
Marketwired
Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS:
GMND), announced today that C. Trade and the company have entered
into an agreement with a C. Trade client to review the plans for
business development, rehabilitation and operation of the Beach
Haven Oil Terminal located in the City of Berwick (Luzerne County),
Pennsylvania. The company will review existing environmental
reports, site assessments, and alternative product strategies and
recommend business startup logistics for the client.
The facility has five above-ground storage tanks with a capacity
of over 2.5 million gallons. Previously the terminal received
refined products from pipelines, barges and trucks and distributed
petroleum products to third parties for delivery to home owners and
commercial outlets. This facility has extensive connections to the
eastern pipeline system.
Brehm commented, "With higher oil prices and the increasing
local demand for alternative fuel products, C. Trade CEO, Nick
Kontonicolas, brought this business opportunity to the table for
consideration as a future joint venture operations project. As a
first step, our companies will be acting as business oversight
consultants to review the startup costs, operations strategy and
profit potential from various fuel products such as bio-diesel. The
project will establish Green Mountain operations in fuel
distribution logistics on the East Coast working with C. Trade's
existing logistics network."
About C. Trade Group C. Trade Group and
affiliates have interests in energy exploration and logistics, real
estate, transportation and technology with affiliated offices in
New York, Shanghai, California, Calgary, Athens, Jinzhou, China and
Abu Dhabi.
About Green Mountain Development Corp
Green Mountain Development Corp has licensed products and services
related to the energy and environmental sectors.
Please feel free to visit our corporate website
www.GreenBizness.com for more news and updates.
The information contained in this press release includes
forward-looking statements. Forward-looking statements usually
contain the words "estimate," "anticipate," "believe," "expect" or
similar expressions that involve risks and uncertainties. These
risks and uncertainties include the company's status as a
development stage company with uncertain profitability, need for
significant capital, uncertainty concerning market acceptance of
its products, competition, limited service and manufacturing
facilities, dependence on technological developments and protection
of its intellectual property. The company's actual results could
differ materially from those discussed herein.
Investors and media contact Robert Brehm 619/488-3744 (Email
Contact) or Mr. Nick Kontonicolas (917) 297-5571 (Email
Contact)
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