Green Oasis Environmental Inc. (PINKSHEETS:
GRNO), is pleased to provide a shareholder update.
"Dear Shareholders:
We are pleased to reaffirm our commitment to bring Green Oasis
Environmental, Inc. up to date and current with information
available to the public; particularly our financial statements and
information regarding operations of our company. To that end, we
are very confident that the recent engagement of a PCAOB registered
accounting firm, will ensure our financial statements will be
audited and presented in a more timely fashion in the future. We
have had many hurdles with the purchase of Green Oasis
Environmental, Inc. and are working very hard to meet our
goals.
There have been questions regarding the progress we are making
and concerning statements we have made in our press releases, and I
would like to take this opportunity to address some of those
questions. First, there is concern that I received a number of GRNO
shares and months later, my shares were depleted. I received shares
of GRNO when I joined the company as a consultant; to date, I have
not taken a salary from GRNO. Some of my personal shares were used
in exchange to pay off debts incurred by GRNO, prior to my purchase
of the company. In addition, some of the shares I received were
exchanged for loans that I received personally and which I in turn
re-invested in the company.
Second, a question was asked with regard to the 2009 financials
and the Form 8-K saying not to rely on those financials -- this is
not what the Form 8-K stated, it actually stated that the
financials that were filed in the form of 10-Q's for the years
1997-1999, should not be relied on. Furthermore, we were basing the
non-reliance on the form of the financials, not the financials
themselves. To reiterate, we are working to get our financial
statements audited and posted so that a clear financial picture of
GRNO will be publicly accessible.
Third, there have been some concerns regarding the Texas project
that I would like to address. To date, CCP has not been granted an
R9 permit to operate a Reclamation Plant for the eastern Texas
facility. We have taken all necessary steps toward acquiring the
permits necessary to operate the facility, and have thus far
obtained a P5 permit, along with engineering documents; all
preparations on our side have been completed. We cannot move
forward with the Texas project prior to the R9 permit being
granted, without putting the company at risk, which I am not
prepared to do.
The above-referenced questions were ones that seemed to cause
our shareholders the most concern; we appreciate your concern and
hope that in this letter, we have been able to alleviate some of
that concern.
We are diligently working to meet projected deadlines and goals.
It may not always be possible to meet those goals; however, in most
instances, I feel confident that we will. Further, I feel confident
that there will be times when we far exceed projected goals.
Additionally, I am diligently working to stay atop of the
deadlines and standards that need to be met in order to remain SEC
compliant. This is proving timelier than anticipated; particularly
because I spend the majority of each day running the Company. I
remain a "hands on" guy and am not opposed to rolling up my sleeves
with the guys out in the field.
Finally, to help the company satisfy the requirements set forth
by the SEC to remain a public company, we have engaged the services
of Sharon D. Mitchell, Attorney at Law, to guide us in those
procedures GRNO needs to follow that are necessary to keep a public
company current and compliant with the SEC.
I want to thank all of you, our shareholders, for believing in
GRNO and for your support during this time of transition. It has
taken considerably more time than anticipated; however, I believe
wholeheartedly in our product and believe that what the company has
to offer regarding a cleaner environment is highly beneficial to
all of us.
Again, my thanks for your continued support and belief in GRNO;
we anticipate a great future ahead of us!
Sincerely,
Peter Margiotta President, Green Oasis Environmental, Inc."
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, waste engine oil, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state of the art technology, GRNO will be able to process
these waste products at one of their facilities or at a customer's
site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil (an unrefined, non
saleable oil) into pipeline standard crude. Its current facility
has the capabilities of processing up to 1,500 barrels of slop oil
with a conversion ratio of approximately 50% to finished crude.
Through its ongoing contract, CCP sells the processed slop oil to
Shell Trading (US) Company (www.shell.us). Shell Trading (US)
Company is a corporation that acts as the single market interface
for Royal Dutch Shell companies and affiliates in the United States
with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP is currently planning
expansion of its processing technology into Montana and North
Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks
plays, said to be two of the largest oil plays in North
America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Safe Harbor
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.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 info@TheStockAlerts.com
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