July 22, 2008
High Velocity Alternative Energy (HVAG), Inc. Receives $3,700,000 in Purchase Orders From Master Price Distributors and Others
High Velocity Alternative Energy, Inc. (PINKSHEETS: HVAG) announced today they have received a purchase order to supply an additional $2,800,000 of products to Master Price Distributors, consisting of approximately 3,700 cases or two truck loads of lubricating oil and 756 cases or one truck load per month, over the next 12 months. Master Price is a major supplier to the gas station/C-store industry covering all automotive related products including all motor oil and lubricants.
The purchase order will consist of both private label and proprietary brands of High Velocity Alternative Energy, Inc. The products included are: packaged oil, anti-freeze and windshield washer fluid.
"We are pleased that Master Price Distributors was satisfied with its previous order and has sought to significantly increase its purchases from us," said Robert Somerman, President of High Velocity Alternative Energy Corp.
In addition, High Velocity Alternative Energy Corp. received an order from Leader Automotive of Chicago, IL for approximately $900,000 of product, consisting of Motor Oil and Anti-Freeze, for the next twelve months.
About High Velocity Alternative Energy, Inc.
High Velocity Alternative Energy, Inc. is a middle market petroleum-based lubricant company specializing in the refining, blending, packaging, and distribution to the automotive and manufacturing aftermarket with established regional distribution channels. High Velocity has recently started utilizing technology to capitalize on renewable energy and lubricant sources by recycling spent oils and glycols. High Velocity's 40,000 square foot plant is conveniently located outside Chicago with access to interstate and rail access.
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.
Contact: High Velocity Alternative Energy, Inc. (708) 496-9710 Robert Somerman President
SOURCE: High Velocity Alternative Energy