AER Energy Signs Joint Venture to Supply ExxonMobil Fuel Estimated at $420 Million in Annual Revenues
October 05 2011 - 2:59PM
Marketwired
AER Energy Resources, Inc. (PINKSHEETS: AERN) is pleased to
announce it has entered into an agreement for the formation of a
Joint Venture with Energex Fuel Corporation and Triton Global
Petroleum to supply an estimated $420 million USD of ExxonMobil
product annually to the aviation industry.
Triton Global Petroleum is a worldwide trader of aviation fuel
to commercial, government and corporate aircraft, and has completed
and entered into a Joint Venture with Energex to supply an
estimated $420 million USD in ExxonMobil petroleum products
annually. "This size of top-line revenue and anticipated net profit
will establish AER Energy Resources, Inc. as a substantial
competitor in the 'Fuel trading Sector,'" stated Stan Wilson, AER
Energy Resources, Inc., President.
In addition: "This introduction to Triton through our
relationship with Energex is a valid strategic instance to apply
the Company's prior fuel trading experience. AER Energy will
continue to grow this relationship and expects to dramatically
increase AER Energy's presence in the Corporate, Commercial and
Government fuel supply industry," stated Mr. Wilson.
ABOUT AER ENERGY RESOURCES, INC.
AER Energy Resources, Inc. (www.aernenergy.com) is a diversified
holding company with an emphasis on oil and gas exploration,
drilling, well completion and fuel distribution.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words or phrases "would be," "would allow," "intends to," "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
AER Energy Resources (CE) (USOTC:AERN)
Historical Stock Chart
From Jul 2024 to Aug 2024
AER Energy Resources (CE) (USOTC:AERN)
Historical Stock Chart
From Aug 2023 to Aug 2024