CenGroup Selects First R2 Sites.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography & BAKU, Azerbaijan -- CenGroup Petroleum Corporation (Pink Sheets: CPCO CPCO Central Port Call Office CPCO Certified Pest Control Operator's Association of Florida (Tamarac, Florida) ) today announced the selection of three inaugural sites to begin its oil recovery program. Two oil-contaminated lakes around the Azerbaijan capital of Baku and the coastal area of the Caspian Sea Caspian Sea (kăs`pēən), Lat. Mare Caspium or Mare Hyrcanium, salt lake, c.144,000 sq mi (373,000 sq km), between Europe and Asia; the largest lake in the world. have been identified as the start-up sites for CenGroup's R2 (Recovery and Reclamation) operations. Many scientists believe the Apsheron Peninsula and the Caspian Sea to be one of the worst ecological contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. areas in the world due to various pollutants including oil from spills. Speaking on location in Baku, 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. Neville Trevor commented, "This is an exciting time for both CenGroup and the region. We launch our R2 operations on the heels of a major pipeline opening. This $4 billion project (sponsored by a Western consortium) connects oil flow from Baku to Turkey's Ceyhan. Experts expect this project to double the country's revenues within 3 years." About: CenGroup Petroleum Corporation was developed to take advantage of an opportunity to recover surface oil in the Caspian Sea Region and to reclaim the oil to productive use while environmentally restoring the land, sea, and shore. Over the past five years the Company has singularly positioned itself in this lucrative region by developing relationships within the Azerbaijan government. It has been estimated that there are approximately 250 million barrels of surface oil lying on water and land in the Caspian Sea Region, with nearly 1 million new barrels of oil leaking to the surface each year. About: MOP[TM] (Maximum Oil Pickup) is a proprietary product licensed to CenGroup that has an absorption capacity The term absorption capacity (as a part of EU Cohesion Policy) stands for the degree to which a country is able to effectively and efficiently spend the financial resources received from the European Funds. of 30 times its weight in oil pickup and can be compressed to re-cover over 95% of the absorbed oil. Additionally the material is biodegradable, non-corrosive, non-toxic, non-irritating and can be made from re-cycled base products. This Press Release contains "forward-looking" statements that are made pursuant to the 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. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. These statements reflect management's beliefs and are based upon information currently available. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause CenGroup's actual results, performance or achievements to differ materially from those expressed in or implied in such statements. The aforementioned risks and uncertainties may include, but are not limited to, risks associated with possible petroleum market fluctuations and geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. conditions in the region of which CenGroup's oil recovery and reclamation business takes place. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information set forth in this Press Release including such forward-looking statements |
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