Coastal Forges Ahead With Procurement of Pipeline Cleaning Units
September 03 2009 - 9:15AM
Marketwired
Coastal Integrated Services, Inc. (PINKSHEETS: COLV) -- The
recently executed Preliminary Purchase Agreement includes three
self-supporting pipe cleaning units, which allows simultaneous
operations in three separate locations.
Each unit is equipped with water storage, air compressor, hi
pressure pump, vacuum unit, settling tanks, transfer pumps, hoses,
etc., and a variety of water and air filtering devices. The
cleaning system operates under vacuum, recycles all pressure wash
water, and, because it operates under vacuum, releases nothing into
the atmosphere.
The average charge per unit, including the support equipment,
averages $7,250 per day; travel and setup fees are in addition to
the daily rate. Nearly $5,000,000 worth of contracts are booked for
the near future.
The U.S. has approximately 150,000 miles of inter-connecting
crude oil trunk lines and refined products pipelines serving
refineries nationwide, and approximately 278,000 miles of onshore
and offshore natural gas gathering and transmission lines. All of
these pipelines are subject to the Pipeline Safety Improvement Act
that mandates periodic inspection and repair.
About Coastal Integrated Services:
Coastal is a multi-faceted energy company that combines the
experience of its people with the strength of its alliances to
create profitable projects within the energy related areas of
production of oil and gas, the reduction of nitrogen and sulfur
compounds in motor fuel and lubricating oils, and reclamation of
existing energy infrastructures.
Forward-Looking Statements:
Forward-looking statements are subject to risks and
uncertainties that could cause results to differ materially from
historical experience. Such forward-looking statements are
inherently uncertain and actual results may differ from those
expressed or implied. Consequently, readers should not place undue
reliance on any forward-looking statements. Coastal undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof.
Web Site: www.coastalintegratedservices.com/
Contact: Coastal Integrated Services, Inc. Contact:
coastalintegrated@bellsouth.net
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