Continental Fuels Prepares to Deliver 2 Barges to Separate Buyers - 37,000 Barrels of Condensate Sent to Market.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 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) is this week selling a total of 37,000 barrels of light crude condensate to two separate purchasers as it continues to expand its deliveries. "We are presently loading 12,000 barrels onto a barge for delivery to our purchaser that makes payment within 24 hours of invoicing," reports Continental's Director of Corporate Communications, Josh Crescenzi. "As soon as that barge leaves the port, we are expecting a second, 25,000 barrel barge to be loaded immediately. We will receive payment for this load within days utilizing our new receivables financing facility." As Continental loads these barges, 200 barrel tank trucks continue to replenish its stock of condensate at the 48,000 barrel Port of Brownsville, Texas storage facility. 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. |
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