El Maniel International Inc Announces Update on Oil Terminal Facility Situated in Eastern Pennsylvania
March 18 2011 - 9:31AM
El Maniel International Inc (Pink Sheets:EMLL) announces today that
the company has entered into a series of discussion with U.S. based
company currently operating between Baltimore, Maryland and
Washington D.C. to produce biofuels at its oil terminal facility
located in Luzerne County, Eastern Pennsylvania. "Initial
discussions on the renewable energy initiative entail using the
Eastern Pennsylvania oil terminal facility with five above ground
tanks with storage capacity of over 2.5 million gallons as the
platform to produce plant and fat based bio-energy product,"
according to Jamie Khoo, CEO of El Maniel. "Specifically, we are
looking at converting flax seeds and animal fats into clean burning
bio-diesel and as crude oil prices continue surging above $100 per
barrel, clearly we are moving in the right direction and this green
energy business is designated to become another profitable income
stream for El Maniel."
The U.S. based company is a full service heating company
involved in bio-diesel products and specializes in heating systems
including forced-air and hydronic heating for commercial and
industrial applications. "The U.S. based Company and El Maniel are
very excited about the strategic partnership opportunity and very
optimistic of the underlying prospects of the Eastern Pennsylvania
oil terminal facility situated next to the scenic Susquehanna
river," states Jamie Khoo. "We are very confident that our
preliminary discussions with the U.S. based company will be
formalized soon to initiate the eco-friendly and lucrative business
to simultaneously enhance the value of the oil terminal facility as
well as shareholders' value."
El Maniel International Inc is a publicly traded company
currently focused on prospecting, developing and expanding the
economic potential of world class mining claims located in Ghana,
West Africa and the company is committed to shareholders' value
creation by ensuring constant development of current and new
resources in the region. For further information and updates on El
Maniel, stay tuned to www.elmaniel.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
CONTACT: El Maniel International, Inc
Investor Relations Contact:
212-726-2179
ir@elmaniel.com
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