Butler Investments Begins Upgrade of Sharjah Refinery.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Butler Investments (Pink Sheets:BUIV) today announced that the company has received initial mobilization fees for the upgrade of the oil refinery in Sharjah. The goal of the project, spearheaded by D-CECC, a Butler subsidiary, is to increase the facility's production capacity to better than 85,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. . To date, Butler has billed the project over $3,500,000. "When we acquired D-CECC, due to their expertise and synergy in future projects, we knew the value and operations of our company would increase substantially. The project in Sharjah has been a prime example of this," said Howard Toepfer, president of Butler Investments. D-CECC is a British engineering firm specializing in engineering design and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. , Channel Tunnel Channel Tunnel, popularly called the "Chunnel," a three-tunnel railroad connection running under the English Channel, connecting Folkestone, England, and Calais, France. The tunnels are 31 mi (50 km) long. There are two rail tunnels, each 25 ft (7. Road Projects and tunnel boring machines Tunnel boring machines (TBM) excavate tunnels with a circular cross section through a variety of geologies. They can be used to bore through hard rock or sand and almost anything in between. Tunnel diameters can range from a metre (done with micro-TBMs) to 15 metres. . Established in 1999, D-CECC's client list is comprised of government and private firms. Butler Investments Inc. is a holding company in the process of consolidating the fragmented engineering market. The company specializes in the construction of oil platforms, oil and gas pipelines and waste disposal plants. The two key target markets for its fabrication services are offshore and onshore oil and gas rigs and the general engineering and construction of refineries, tunnel boring machines and shipbuilding. Disclaimer: The Company relies upon Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; competition; and other factors which may be identified from time to time in the company's public announcements. |
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