United Energy Announces Receipt of First Purchase Order Under Master Purchase Agreement With Petrobras America Inc.
June 07 2006 - 10:13AM
PR Newswire (US)
SECAUCUS, N.J., June 7 /PRNewswire-FirstCall/ -- United Energy
Corp. (OTC:UNRG.OB) (BULLETIN BOARD: UNRG.OB) is pleased to
announce the receipt of the first purchase order under the terms
and conditions of the previously announced Master Purchase
Agreement with Petrobras America Inc. The purchase order was for
$123,772 of United's KX -100 asphaltene and paraffin dispersant.
Petrobras is the national oil company of Brazil with over 14,000
productive oil wells, daily production of more than 1.8 million
barrels of oil, 16 refineries, 30,000 kilometers of pipelines and
annual earnings of more than US$ 30 billion. Commenting on the news
United's CEO and President, Brian King stated, "We are pleased to
announce the receipt of this first purchase order from Petrobras
and expect to receive additional purchase orders as our products
receive greater utilization and acceptance within Petrobras. We
expect that the Petrobras relationship will continue to develop and
grow into a significant source of sales of our innovative line of
specialty chemical solutions for the oil and gas industry." United
Energy Corp., is headquartered in Secaucus, N.J. and primarily
engaged in the development and marketing of specialty chemical
solutions for the oil and gas industry. Its patented 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 sort-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,
+1-201-842-0288, Web site: http://www.unrg.net/
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