Ultimate Sports, Inc. Shows Profitable Oil Production of the Converter Process; Figures Shown Reflect Updated Oil Prices
December 15 2010 - 9:00AM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, issued a statement
today discussing the positive profit effects of the Converter
process to product high quality oil that brings a premium price. Up
to 46% of the output of the Converter process can be oil.
The synthetic oil produced will be purchased based on its heat
value. The heat value is defined in MMBTUs (Million British Thermal
Units) per barrel. The higher the MMBTUs, the higher the price a
barrel fetches. One barrel of future crude (NYMEX) fetches $83 (at
approximately 42.2 gallons per barrel). At approximately 7 lbs per
gallon of oil, the ton of feed stock (of tires) will yield three
barrels of oil for $249. This process takes just under an hour. The
initial mobile converter will convert approximately 9 tons in an
eight hour shift or more than $47,000 of oil per week if we run
three shifts per day. Therefore, the profit contribution of oil, if
the converter is set to produce oil, will be $189,000 per
month.
Robert Matthews of EnSol states, "There are very few extraneous
nitrogen (N2) or sulfur (s) molecules attached in place of a
hydrogen molecule. Those N2 and S molecules are the sources of
nitrous oxides (smog) and nitric and sulfuric acids, which, when
mixed with water vapor in the atmosphere, create acid rain. The oil
and gas produced by the converter process are synthetic. That is,
the molecules are C4H4 (gas) or multiples of C6H6 for oil. There
are no sulfurs or nitrogen atoms attached to the carbon atoms to
serve as sources of N02s, NO3s, or HS compounds and thus are
pollutant free. The higher oil prices go, the more profitable the
Converter becomes."
For more information about the company, please visit
www.usi-skis.com.
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that
snowmobilers need in order to enjoy the sport and improve their
performance—especially snowmobile skis of all types. We have an
extensive inventory of carbide studs, mount kits, wear bars,
suspension parts, snow flaps, alignment bars, and so much more.
Visit www.usi-skis.com for more information.
Forward Looking Statements: This press release
contains certain forward-looking statements. Investors are
cautioned that certain statements in this release are "forward
looking statements" and involve both known and unknown risks,
uncertainties and other factors. Such uncertainties include, among
others, certain risks associated with the operation of the company
described above. The Company's actual results could differ
materially from expected results.
CONTACT: Ultimate Sports
Investor Relations
410-242-0763
Ultimate Sports (PK) (USOTC:USPS)
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