World Oil Group, Inc., is Pleased to Announce the Asset Purchase Environmental Protection Associates, Inc.
April 14 2015 - 8:30AM
Access Wire
World Oil Group, Inc., is Pleased
to Announce the Asset Purchase Environmental Protection Associates,
Inc. Including its Branded Product Lines EPA Oil Field Solution,
Paraffin Remediation Solution (PRS), Global Environmental
Cleaner,& Hydro
Clean; World Oil Group has
Also Entered into a Share Exchange Agreement to Acquire EOR360,
Inc.; EOR360, Inc. has an Alliance with EOR360-Egypt, LLC
Registered in Virginia and its Operational Detachment EOR360-Egypt
located in Nasr City, Egypt.
DEBARY, FL / ACCESSWIRE / April 14, 2015 /
(PINKSHEETS:WOGI) has performed an asset purchase of Environmental
Protection Associates, Inc., ("EPAI") and its branded product
lines. The asset purchase includes its registered product(s) on the
US Environmental Protection Agency NCP Subpart J listed Product EPA
Oil Field Solution, a/n/a Global Environmental Cleaner, Hydro Clean
and all international marketing rights for its products.
Environmental Protection Associates, Inc.'s products are the
World's Most Effective 100% H20 based Non Toxic, Non-Flammable, and
Non-Carcinogen Environmentally friendly products. Its products can
be used in all phases of the Oil, Gas & Mining Industry and
specifically in 5 major areas 1) Shoreline Clean Up for Hydrocarbon
Spills, 2) Oil Sheen Removal in all Hydrocarbon
Spills, 3) Oil Tanks/Tankers (helps to reclaim Oil BS&W back
into Re-sellable Crude, 4) Petroleum/Paraffin Removal treatment for
use in all phases of the oil industry. It will remove wax
accumulation, targets paraffin and asphaltenes accumulations,
returns paraffin to the oil phase of the crude, kills' algae/mold
all without lowering the quality of the fuel, and 5) to eliminate
the usage of toxic chemicals used in Gold Mining.
EOR360, Inc. acquired the MENA Middle East North Africa
marketing rights from EPAI and formed an alliance with
EOR360-Egypt, LLC of Virginia, which in turn open an office in Nasr
City, Egypt named EOR360-Egypt to promote the EPA, Inc.'s products
and services. EOR360-Egypt, LLC of Virginia has been making strides
by establishing a fully registered and capitalized company
registered with the Egyptian General Petroleum Corporation (EGPC).
EOR360-Egypt is a 7 figure funded local Egyptian company headed by
Egyptian Construction Tycoon and his longtime friend and local
partner, Mr. Abdulrahman Seoudy and Retired General Mr. Ahmed
Rahman.
WOGI by virtue of owning 100% of EOR360, Inc., Florida would own
60% of EOR360 Virginia and Egypt.
During his trip to Egypt our CEO Mr. Nathan Hall spent several
days with General Ahmed Rahman and Dr. Armacanqui and visiting the
local office. It was during this trip that our CEO and Dr. Samuel
Armacanqui, who is an international expert within the field of
Enhanced Oil Recovery discussed the many additional uses of the EPA
products and thus prompted the asset purchase of Environmental
Protection Associates, Inc. and its product lines. The plan is to
work with Dr. Armacanqui and General Ahmed Rahman to build sales of
the product in the foreign markets where there is an easier barrier
to entry to sell the product(s) and use it for "The Sustain Oil
& Gas Fields Model" created by Dr. Samuel Armacanqui in
Enhanced Oil Recovery of Heavy Oils through the MENA &
Central/South American Regions.
WOGI will retain counsel to file US Patent and Trademark
protection on the formula and will continue to use other measures
within its distribution network to deter people from trying to
reverse engineer the product.
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has
traditionally focused on Oil & Gas Exploration in the
Pennsylvania markets by and through its wholly owned subsidiary EPA
Petroleum, Inc. First Quarter, WOGI is scaling up operations in the
MENA, Gulf and Central/South American regions in 2015, the company
will keep its shareholders updated.
EPA Petroleum, Inc. "EPA" is a wholly owned
subsidiary of World Oil Group, Inc. (WOGI). The Company is an
independent producer of crude oil and natural gas. EPA Petroleum is
actively involved in drilling activities within the Commonwealth of
Pennsylvania using Xite Energy, Inc. as its subcontractor drilling
partner.
World Oil Group, Inc. is now taking the path
breaking challenge to lead the world on its "Sustainable Oil &
Gas Field Model" implementing the concepts and related applications
model in the Petroleum Industry. WOGI is always seeking new
opportunities in the petroleum industry and will look to develop
economic growth in the areas it works. As WOGI enters into a
market, it will seek to help bring jobs within its foot print.
World Oil Group's vision is to grow exponentially with the
Petroleum Industries using "The Sustainable Oil & Gas Fields"
concepts and applications for E&P & EOR, and Energy Trading
in the USA and around the world.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For more information contact:
CONTACT:
Nathan Hall, President CEO
World Oil Group, Inc.
Ph. 407-777-9228
info@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum