Coastal Integrated Services, Inc. (PINKSHEETS CURRENT: COLV), announces Trans Rep to Cover Canada with Potential Annual Revenues Over $4.5 Million
MOORESVILLE, N.C., Jan. 4, 2012 /PRNewswire/ — Coastal Integrated Services, Inc. (PINKSHEETS CURRENT: COLV), today, announced that it has agreed to terms with Maple Leaf Lubricants, Inc. to private label HI-TEK25, 15W40 Diesel Motor Oil under the Maple Leaf flag to be marketed and sold throughout Canada. Anticipated annualized revenues are expected to exceed $4.5 Million.
Maple Leaf Lubricants has now contracted with Trans-Rep to assist in the marketing and sales of HI-TEK25 throughout the Canadian trucking industry.
“Trans-Rep are the most well respected and well connected group in the Canadian trucking industry. In talking to some of the trucking company owners at the TCA Annual Meeting here in Canada in October, if Trans-Rep gets behind a product, the Canadian truckers listen.”, said Robert Dickenson, VP of Maple Leaf Lubricants, Inc.
“We are very excited here at Coastal to have both Maple Leaf Lubricants and Trans-Rep behind HI-TEK25. It allows us to sell more product which is good for the company and for the shareholders. We’ve been working with the Maple Leaf group and they’ve been wonderful and the couple of times I’ve met the Trans-Rep group, they’ve been just as impressive,” said Coastal president Butch Conz.
There are over 300,000 long haul trucks in the Canadian market. The Trans Rep agreement will provide Maple Leaf and COLV access to this huge market.
About Coastal Integrated Services, Inc.
Coastal Integrated Services (www.coastalintegratedservices.com) is a multi-faceted company with its focus in identifying technologies and companies that can produce products that will increase corporate revenue, shareholder value and reduce our clients’ carbon foot print (an environmentally conscious company). The company will combine the experience of its people with the strength of its strategic alliances to create and identify new opportunities in the oil & gas, energy and transportation industries. Through its newly acquired subsidiary Revolution Products, the company plans to market and sell a full line of superior lubricants to the transportation industry, with a focus on saving fuel as well as reducing emissions and engine wear. The company’s primary focus will be to put its resources into marketing the HI-TEK25 15W40 Diesel Motor Oil to trucking companies nationwide. The company is confident that if prospective clients test the product, they will change over their entire fleet after viewing the result.
Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words “anticipate,” “estimate,” “expect,” “intend,” “plans,” “projects,” and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
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SOURCE Coastal Integrated Services, Inc.