Apollo Resources Acquires Liquefied Natural Gas Producer and Marketer.DALLAS -- Apollo Resources International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AOOR AOOR Annals Of Operations Research ) today announced the completion of its acquisition of Applied LNG LNG (liquefied natural gas): see under natural gas. Technologies USA, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (ALT). Based in Amarillo, Texas, ALT is a premier provider of liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) to transportation, industrial and municipal markets in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century and portions of Mexico. For the fiscal year ended September 30, 2004, ALT sold a total of approximately 39,350,000 gallons of liquefied natural gas (LNG), and for the fiscal year ended September 30, 2005, ALT sold a total of approximately 38,259,000 gallons of LNG. In a related transaction, Apollo also acquired an LNG processing facility and related equipment in Topock, Arizona which produces up to 86,000 gallons of LNG per day. Apollo CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dennis McLaughlin said ALT's existing contracts and its ability to produce, market and distribute LNG is a natural fit with Apollo's strategy to focus on its domestic natural gas business. Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil and natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources. This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. |
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