United Energy Corp. Announces Distribution Agreement With Champion Technologies Inc.
March 30 2006 - 9:22AM
PR Newswire (US)
SECAUCUS, N.J., March 30 /PRNewswire-FirstCall/ -- United Energy
Corp. (UNRG.OB) is pleased to announce it has recently entered into
a non-exclusive Distribution Agreement with Champion Technologies
Inc. (Champion) for the sale and distribution of United's K-Line of
patented specialty chemical solutions for the oil and gas industry.
The Agreement does not provide for any specific minimum amounts to
be purchased. Champion is the world's largest privately- owned
specialty chemical company dedicated to the oil and gas industry.
Headquartered in Houston, TX, Champion is a global supplier of
proprietary specialty chemicals offering technical solutions to
problems in the oil and gas industry since its inception in 1953.
Champion has expertise in research and development, manufacturing
and servicing of its products for oilfield and related
applications. Champion has over 1,500 experienced associates
strategically located in sales and administrative offices in over
30 countries around the world. Commenting on the news, United's
CEO, Brian King stated, "We are extremely pleased to be in a
business relationship with a company of Champion's record of
performance, reputation and innovation. The Champion Distribution
Agreement represents a key milestone for United Energy in obtaining
professional distribution channels for our K-Line of specialty
chemical solutions for the oil and gas industry. We are confident
this relationship with Champion will bring added-value to customers
throughout the world." United Energy Corp.(UNRG.OB), is
headquartered in Secaucus, NJ, and is primarily engaged in the
development and marketing of specialty chemical solutions for the
oil and gas industry. The United K-Line of products have proven
effective in stimulating oil well production, reducing viscosity
and drag in pipelines and in recovering oil from sludge in storage
tanks. Except for the historical information herein, the matters
discussed in this news release include forward-looking statements
that may involve a number of risks and uncertainties. Actual
results may vary significantly based on a number of factors,
including, but not limited to, risks in the product and technology
development, market acceptance of the new products and continuing
product demand, the impact of competitive products and pricing,
changing economic conditions, including changes in short-term
interest rates and foreign currency fluctuations and other risk
factors detailed in United Energy's most recent periodic reports
pursuant to the Securities and Exchange Act of 1934 and other
filings with the Securities and Exchange Commission. United Energy
Contact: Robert Guinta (201) 842-0288 DATASOURCE: United Energy
Corp. CONTACT: Robert Guinta of United Energy Contact,
+1-201-842-0288, Web site: http://www.unrg.net/
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