Continental Fuels Continues to Expand Supply Channels of Light Crude Condensate - Prepares to Load and Sell Over 60,000 Barrels.PORT OF BROWNSVILLE, Texas -- In a demonstration of the continuing expansion of its supply of light crude condensate, Continental Fuels, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CFUL)(FWB (Fixed Wireless Broadband) See fixed wireless. :CNDI CNDI Commercial Non-Developmental Items )(GER GER German/Germany GER Gastroesophageal Reflux GER Geriatrics GER General Education Requirement GER Great Eastern Railway (UK) GER Gross Enrollment Ratio (education) GER Gain Electrons Reduction :CNDI)(BCN BCN Beacon BCN Blue Care Network BCN Biblioteca del Congreso Nacional (Chile) BCN Backbone Concentrator Node (routers, Nortel) BCN Banco Central de Nicaragua BCN Broadband Convergence Network :CNDI) received delivery of 14 trucks carrying 200 barrels this past Sunday and is now receiving as many as 50 trucks or more on some weekdays. As a result, all four of its 12,000 barrel storage tanks were filled to capacity prior to the arrival of a barge on Tuesday. With the loading of the 20,000 barrel barge on Tuesday, Continental resumed the steady flow of delivery trucks at an average weekday rate approaching or exceeding 7000 barrels and began preparations for the arrival of a 50,000 barrel barge within the next several days. This barge will be filled directly from the arriving delivery trucks as well as from Continental's storage tanks. Continental also expects to begin making sales and deliveries via rail within the next 2 weeks. "The increase in supply is creating a very positive problem for us," reports Continental 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. Tim Brink. "Since our customers are committed to purchasing whatever amounts we are able to deliver, we must now expand our sales channels and delivery methods to meet the growing supply. For this reason, we will soon be able to deliver product using train tanks as well as well as barges. As an additional benefit, we will be able to keep the train tanks on our dedicated rail spur for extended periods which will also effectively increase our storage capacity and allow us to further expand sales." "Our personnel in Brownsville are doing an outstanding job," continued Brink. "They have worked tirelessly to offload what has now become an endless queue of delivery trucks. Because of their efforts, we have been able to increase our sales every month and now, with constantly growing supply and the availability of sales via rail, we will even be able to expand our capacity without significant expense." Continental Fuels, Inc. is a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA UPDA Urban Planning and Development Authority (Qatar) )(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU STU Student STU Secure Telephone Unit STU St. Thomas University (Fredericton, New Brunswick) STU St. Thomas University (Miami, Florida) STU SHDSL :UP1). For further information, please visit www.continentalfuels.com. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions. |
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