Double Crown Resources Lists Accomplishments Leading to Current Readiness for Major Oilfield Service Projects
February 18 2014 - 8:30AM
Business Wire
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Feb. 18, 2014 -- Double Crown Resources, Inc. (OTCQB:DDCC), a
fully reporting company, is pleased to provide a convenient
review & recap of its most significant accomplishments to
date for the benefit of our business relations and
shareholders. These developments have brought the company
to its current state of capability and readiness for the
fulfillment of major oilfield service projects on a worldwide
basis. Together, the points covered below have made
it possible for our management to present Double Crown
Resources to the oilfield drilling industry and prove that we
are ready to serve their operational needs for top quality,
high efficiency and environmentally friendly supply of
strategic minerals and related commodities needed in both
on-shore & off-shore drilling projects. As a result of these
accomplishments our first sales contract proposals are
currently being considered by several
top-level companies in the petroleum production
industry.
For more details on the accomplishments
listed here please refer to previously
issued DDCC press releases, presentations and our complete SEC
filings, all of which can be accessed on the company website at
http://www.doublecrownresources.com/.
DOUBLE CROWN RESOURCES MOST SIGNIFICANT
ACCOMPLISHMENTS TO DATE:
1. Executed a long-term lease on our New Orleans,
LA materials processing plant & bulk terminal for the
distribution of oilfield drilling commodities. Also master
planned the facility's reconstruction for optimal use in working
with our commodity products.
2. Procured master purchase agreements for
various minerals and related commodity materials over a worldwide
range. Chief among these products is
the strategic mineral barite (barium sulfate).
3. Negotiated and entered into strategic alliances
with complementary companies to allow a full range of services
needed by our oilfield drilling customers. The most
important of these alliances is with Logistica US Terminals, LLC, a
subsidiary of Logistica Integral en Transportacion S.A de C.V.
(http://logisticaintermodal.com).
4. Created a business plan which has been confirmed as
credible by several key executives in high level positions of
the petroleum industry. Produced marketing videos, business
plans and presentations to better illustrate the distinct
advantages offered by Double Crown Resources in oilfield service
& supply.
5. Designed and constructed our patent-pending
Transprop AGG aggregate material transport container system which
we are continuing to improve. A
fully-functional Transprop AGG unit is currently
available for demonstration purposes.
6. Established a new sales & marketing
force and opened an office in Houston, TX, the heart of
the North American petroleum industry.
7. Sales Contract Proposals have been presented to
major petroleum industry companies and are currently under
active consideration.
8. Currently negotiating final versions
of our first sales contracts to begin a positive revenue
stream.
9. Arranged for financial backers
to provide Proof of Funds (POF) for
our contracts.
10. In December of 2013, a derivative
lawsuit against the company was dismissed with prejudice and
concluded in its entirety. This positive result for
Double Crown Resources freed up significant company time and assets
to be re-focused on implementing our primary business
plans.
11. Raised non-brokered private placement capital of
over $1.1 million to date for funding of the company's growth,
assets and progress.
12. Given Double Crown Resources a distinctive
corporate identity and international business relations at
every level of the petroleum industry.
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration
and development company holding a 100% interest in the Bateman gold
& nickel prospect near Thunder Bay, Ontario, Canada. In
addition, Double Crown is targeting new properties as well as
oilfield supply & service projects that have the potential
for near-term positive cash flow. The company is presently
reviewing a number of new natural resource properties that are near
to, or in production, located in North, South and Latin America.
Multiple oilfield service projects are currently under active
development. Double Crown Resources, Inc., originally founded in
2006, is based in Henderson, NV.
Neither this press release nor any related calls or discussions
constitutes an offer to sell, or the solicitation of an offer to
buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking
statements in this press release. This press release contains
forward-looking statements that involve risks and uncertainties.
Words such as "will," "anticipates," "believes," "plans," "goal,"
"expects," "future," "intends," and similar expressions are used to
identify these forward-looking statements. Actual results could
differ materially from those anticipated in these forward-looking
statements for many reasons, including the risks we face as
described in this press release. For further information about
Double Crown Resources, Inc., please refer to its website at
http://www.doublecrownresources.com/.
Double Crown Resources, Inc.Jerold S. Drew, CEO & Chairman
of the Board10120 S. Eastern Ave. Suite 200Henderson, Nevada
89052Phone: (707) 961-6016Email: info@doublecrownresources.com