Continental Fuels Delivers another Barge of Condensate to Market - Makes Arrangements for Sunday Supply Deliveries.PORT OF BROWNSVILLE, Texas -- 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:CNDI) loaded another 20,000 barrel barge with light crude condensate yesterday and applied this sale to its accounts receivable financing Accounts Receivable Financing A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. facility. This recent delivery was certified by Societe Generale de Surveillance (SGS SA) (http://www.sgs.com/) as containing over 19,800 barrels. The management of Continental has also made arrangements to expand its condensate supply deliveries in order that trucks may be received at the Brownsville Port facility seven days per week, including Sunday. 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: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. NOTE TO EDITORS: There is an accent mark above the first and second "e" in the words "Societe" and "Generale." This symbol may not appear properly in some systems. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion