ESP Resources, Inc. Announces Record Monthly and Quarterly Revenues for the Period Ending June, 2010
SCOTT, La., July 16 /PRNewswire-FirstCall/ — ESP Resources, Inc. (OTC Bulletin Board: ESPI) announced today that sales volumes for the month of June produced record revenue numbers, with more than $500,000 in total revenue.
After producing record sales volumes for the first quarter of 2010, ending March 31, with more than $1 million in quarterly sales revenue, ESP is reporting that sales volumes for the second quarter, ending June 30, have exceeded $1.3 million.
The opening of a new District Operation in Longview, TX during the first quarter of 2010 for the supply, sales and service of Petrochemicals to Oil and Gas companies located in the Northeast Texas, Northwest Louisiana, and Southern Arkansas regions contributed significantly to sales revenue increases. The region is home to the Haynesville Shale formation – one of the most prolific shale gas formations ever discovered.
“The opening of our Longview, TX facility and the deployment of an aggressive sales strategy for the area has produced very positive results for ESP during the second quarter of 2010. Our product line has gained very favorable response from the oil and gas companies operating in the region. Sales of our petrochemical products in this region have increased significantly,” said David Dugas, President of ESP Resources, Inc. “Our plan of an aggressive expansion of the new district operations for the remainder of 2010 and 2011 is obviously producing favorable results with the significant increases in our sales volumes.”
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly traded petrochemical company (OTCBB: ESPI) headquartered in Scott, LA. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., ESP is a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry. ESP supplies retail and wholesale specialty chemicals for a variety of oil field applications including production, drilling, waste remediation, cleaning, and waste water treatment. From three blending and distribution facilities located in Scott, LA, Longview, TX, and Mission, TX, ESP distributes its product line throughout the oil and gas regions of Louisiana, Texas, Mississippi, Alabama, Arkansas, and Oklahoma, both onshore and offshore. The wholesale division of the company supplies specialty chemicals to several retailers operating in West Africa. The company’s senior management has over 100 years of combined operating experience in the petrochemical industry. www.espresourcescorp.com
Legal Notice Regarding Forward-Looking Statements
This press release contains “forward looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. In evaluating these statements, you should consider the risks discussed, from time to time, in the reports we file with the US Securities and Exchange Commission. For a discussion of some of the risks and important factors that could affect the firm’s future results and financial condition, see “Risk Factors” in Part I, Item 1A of the firm’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of the firm’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009.
SOURCE ESP Resources, Inc.