United Energy Corporation Expands Product Sales In Nigeria
April 22 2008 - 10:32AM
PR Newswire (US)
SECAUCUS, N.J., April 22 /PRNewswire-FirstCall/ -- United Energy
Corporation (OTC:UNRG) (BULLETIN BOARD: UNRG) (the "Company")
announced today its second round of sales of two containers of
KX-91 tank remediation product in Nigeria. KX-91 is used to clean
and remediate large oil tank storage facilities from oil sludge
buildup in an environmentally safe process which results in the
recovery of substantial amounts of oil. The second round of sales
follows the successful use of KX-91 in a pilot program for the
remediation of oil storage tanks. Nigeria has many tanks which are
in need of safe and efficient remediation. The KX-91 process
literally liquefies the buildup of sludge, while at the same time,
recovering valuable oil. Historically, tank remediation projects in
Nigeria have resulted in dangerous conditions to personnel and have
resulted in damage to the environment. Ronald Wilen, Chief
Executive Officer, stated, "The acceptance we are getting from
Nigeria is exceptional. Our products are gaining greater acceptance
because oil producers, whether they be government run or private,
are starting to realize the positive impact our products have on
oil production capacity, while safeguarding the environment. Our
strategy remains consistent: increase our revenue base by providing
our customers with innovative, high quality, cost effective
products, while at the same time expanding our presence and
distribution chains worldwide." Forward-looking Statements 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
the Company'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 Corporation
Contact: Robert Guinta (201) 842-0288 DATASOURCE: United Energy
Corporation CONTACT: Robert Guinta of United Energy Corporation,
+1-201-842-0288,
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