United Energy Announces Receipt of Second Purchase Order Under Master Purchase Agreement With Petrobras America Inc.
September 19 2006 - 1:37PM
PR Newswire (US)
SECAUCUS, N.J., Sept. 19 /PRNewswire-FirstCall/ -- United Energy
Corp. (OTC:UNRG.OB) (BULLETIN BOARD: UNRG.OB) is pleased to
announce the receipt of the second purchase order under the terms
and conditions of the previously announced Master Purchase
Agreement with Petrobras America Inc. The purchase order was for $
167,062 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 second purchase order from Petrobras
and continue to believe that we will receive additional purchase
orders as our products achieve greater utilization and acceptance
within Petrobras. We continue to believe that the Petrobras
relationship will 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 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 Corp., +1-201-842-0288, or Web site:
http://www.unrg.net/
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