BenchMark Prepares Launch of Its Antifreeze and Commercial Retail Product Line
December 16 2013 - 11:32AM
Marketwired
BenchMark Prepares Launch of Its Antifreeze and Commercial Retail
Product Line
COLDSPRING, TX--(Marketwired - Dec 16, 2013) - BenchMark Energy
Corp (OTC Pink: BMRK), a refiner and supplier of Glycerin for
commercial processes, announces preparation for the launch of its
own line of commercial retail products in the coming weeks.
The Company announced it is in final preparations for the launch
of its consumer antifreeze product, which will be marketed under
the brand name 'BenchMark Antifreeze'.
The Company anticipates commercial launch of its antifreeze
product in the coming weeks in Houston, Texas, with plans to expand
its sales to other regions as our logistical supply chain ramps up.
The initial launch will be targeted for consumer outlets within the
region, as well as mechanic shops and trucking fleets through our
existing distribution contacts within the Glycerin shipping
network. Launch of this product is anticipated sometime in early to
mid-January 2014.
COMMERCIAL RETAIL BRANDS
The pending launch of the retail antifreeze product is a major
milestone for BenchMark Energy as it now expands our operations
from Glycerin bulk trading to its own line of commercial branded
products under the Benchmark name. In addition to this initial
antifreeze product the company is quickly finalizing development
and commercial launch of other Glycerin based products to its brand
portfolio, such as de-icers, windshield washer fluids and refined
lubricants.
PRODUCTION CAPACITY
Through our partnership in Mexico, BenchMark is shipping
Technical Grade Glycerin, which in return is being processed into
established antifreeze product and labeled under the Benchmark
Antifreeze brand name. This existing supply contract allows us to
immediately have a finished product ready for commercial sales, and
Benchmark anticipates production capacity of up to 150,000 gallons
per month.
After initial launch into the retail marketplace the company
will then work to develop an existing sales and division to assist
in focusing developing the sales and marketing of the BenchMark
brand of products.
Mark Bateman, the CEO of BenchMark Energy Corp., commented, "We
are very excited to announced the upcoming launch of BenchMark's
first commercial retail consumer product. While we have been
focused as a main trader within the Glycerin market place, our move
to expand our portfolio to retail and commercial branded products
will not only enlarge Benchmark's revenue potential, but assist in
improving the company's margins through retail sales. We are very
excited that this development will help to build value for
BenchMark shareholders, which is our ultimate goal."
Additional information such as time and dates for our upcoming
launch of our first commercial retail product will be announced
shortly. For any media inquiries as to this upcoming event please
contact investorrelations@benchmarkenergy.com
SHARE STRUCTURE
As of Dec. 2013, the Company had approximately 23.5 million
common shares issued and outstanding, with a public float of around
1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink: BMRK) is the source
for glycerin and related refined components, providing value
through our industry knowledge." - Our mission statement
starts the story, but the rest is available at
http://benchmarkenergy.com.
SAFE HARBOR STATEMENT
The statements in this release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The results anticipated by any or all of
these forward-looking statements may not occur. The Company
undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof, or to
reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations.
INVESTOR RELATIONS Ashlee Guzman (832) 691-0011
investorrelations@benchmarkenergy.com
http://benchmarkenergy.com
Benchmark Energy (CE) (USOTC:BMRK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Benchmark Energy (CE) (USOTC:BMRK)
Historical Stock Chart
From Apr 2023 to Apr 2024
