AER Energy Adds National Auto Service Center Customers
March 21 2012 - 9:15AM
Marketwired
AER Energy Resources, Inc. (PINKSHEETS: AERN) announced today that
its broker agreement with Pennsylvania-based USA Recycling
Industries, Inc. (PINKSHEETS: USRI) has been substantially expanded
by now handling UMO (used motor oil) collection from nationwide
major auto-service center customers including General Motors, Ford,
Chrysler, Toyota and Volkswagen franchised new car and truck
dealership locations.
Stanley F. Wilson, AER Energy Resources, Inc., President,
stated, "USA is committed to continually expanding its used motor
oil collection division and this Auto Dealership Service Center
customer expansion will add substantial revenues to the AER broker
agreement. USRI has recognized AER Energy as a leader in the UMO
brokerage sector and has chosen AER to support them in that
process. AER is pleased to represent USRI with our UMO broker
services and this expansion to our agreement continues our
commitment to working with USA Recycling."
USA Recycling Industries CEO Vincent J. Smith commented, "We are
excited about further inroads we have made into auto service center
dealership operations by providing our customers with yet another
key UMO (used motor oil) waste collection & disposal service."
CEO Smith continued, "USRI has established a new direct
relationship with an Indiana-based UMO re-refiner providing both
USA Recycling Industries and AER Energy Resources a strategic
advantage in the UMO marketplace."
With this addition of hundreds of nationwide auto service
centers UMO is projected to bring AER Energy estimated additional
annual revenues of $1,000,000.
About AER Energy Resources, Inc.
AER Energy Resources, Inc. (www.aernenergy.com) is a diversified
holding company with an emphasis on oil and gas exploration,
drilling, well completion and fuel distribution.
About USA Recycling Industries, Inc.
USA Recycling Industries, Inc.
(www.usarecyclingindustriesinc.com) is a publically traded
mid-market scrap metal recycler servicing commercial &
industrial customers throughout North America. The Company now
participates in a $75 billion global scrap metals market through
its acquisition of Scrap USA in January 2011. Operating since 2007,
Scrap USA has been focused on and successful in targeting the
Automotive Service Centre Industry. It currently provides specialty
recycling programs to more than 4,000 automotive service center
locations operated by some of the most recognizable names in that
retail category. The Company's contracted automotive scrap metal
suppliers are listed on the NASDAQ, New York Stock Exchange and
others are owned by some of the world's largest hedge funds. Having
developed a national footprint in its current market of scrap metal
collection & processing the company is now comfortable with
integrating other ancillary products such as used motor oil and
other automotive related recyclables to its specialty services. The
Company also has a majority interests in Energy, Inc. which has
been engaged in selling & distributing fuel oil, since 1962, to
businesses & private residences in state of Pennsylvania.
Note Regarding Forward-Looking
Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words or phrases "would be," "would allow," "intends to", "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
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