CONTINENTAL FUELS Stichtag: 12.07.2008
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CONTINENTAL FUELS Kürzel: CFUL
HP: http://www.continentalfuels.com/
Continental Fuels habe eine Aktienkaufvereinbarung mit UPDA im April endgültig abgeschlossen und besiegelt. Damit werde Continental Fuels zu 100 Prozent Eigentümer von zwei bisherigen UPDA-Töchtern. US Petroleum Depot und Continental Trading Enterprise, bisher bekannt als UPDA Texas Trading, würden damit den Besitzer wechseln. Im März seien die Einzelheiten des Deals bereits verhandelt worden. Jetzt werde aus den Plänen Realität. Die Lager- und Handelsaktivitäten von UPDA würden damit zu Continental Fuels übergehen - und doch in der Familie bleiben. UPDA bekomme für den Verkauf der beiden Töchter 2,5 Millionen Dollar in cash. Außerdem erhalte man Vorzugsaktien von Continental Fuels im Wert von 5 Millionen Dollar. Damit halte man die Kontrollmehrheit an Continental Fuels.
Der Deal lohne sich aber auch für Continental Fuels. Denn durch den Erwerb von US Petroleum Depot erhalte man ein Unternehmen, das im texanischen Brownsville ein großes Lager betreibe. Hier könnten 48.000 Barrel Petroleum gelagert werden. Für einen funktionierenden Handel ein sehr wichtiges Argument. Und der Handel funktioniere, er blühe sogar. Dafür würden die Verträge und Vereinbarungen sorgen, auf die Continental Fuels dank der Vorarbeit von UPDA zurückgreifen könne. Branchengrößen würden gerne auf das leichte Kondensat der bisherigen UPDA-Töchter zurückgreifen. Es sei am Markt sehr gefragt. Dies zeige sich an den jüngsten Umsatzzahlen. Der Handel mit den leichten Kondensaten sei zuletzt äußerst erfolgreich verlaufen. 20.000 Barrel seien umgeschlagen worden. Dadurch seien noch im April 1,1 Millionen Dollar in die Kasse gekommen.
Die Unternehmensleitung von UPDA habe sich daher entschlossen, seine Aktionäre an der Erfolgsstory zu beteiligen. Am 11. Juli 2007 werde UPDA zwei Jahre alt. Daher gebe es für Aktionäre ein Geschenk der besonderen Art. Es handle sich um eine Art Treuebonus oder Sonderdividende für die Aktionäre von UPDA. Das Unternehmen lasse sich nicht lumpen, im Gegenteil! Für je 50 Aktien von UPDA gebe es zu diesem Stichtag je eine Aktie von Continental Fuels.
Ausgeteilt würden die Papiere am 1. August, es gelte jedoch der Stichtag 11. Juli. Für ein Jahr haben die Aktien eine Verkaufsbeschränkung. Hier ziehe die SEC-Regel 144, die eine solche Lockup-Frist vorsehe. So werden die Anleger ganz direkt vom Erfolg des Unternehmen profitieren.Am 12.07.2008 werden viele UPDA Aktionäre Ihre Dividende abfischen können.
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Wertpapier: CONTINENTAL FUELS INC |
Continental Fuels Continues to Expand Supply Channels of Light Crude Condensate Prepares to Load and Sell Over 60,000 Barrels
19:35 17.07.07
PORT OF BROWNSVILLE, Texas--(BUSINESS WIRE)--In a demonstration of the continuing expansion of its supply of light
crude condensate, Continental Fuels, Inc.
(OTCBB:CFUL)(FWB:CNDI)(GER:CNDI)(BCN:CNDI) received delivery of 14
trucks carrying 200 barrels this past Sunday and is now receiving as
many as 50 trucks or more on some weekdays. As a result, all four of its
12,000 barrel storage tanks were filled to capacity prior to the arrival
of a barge on Tuesday.
With the loading of the 20,000 barrel barge on Tuesday, Continental
resumed the steady flow of delivery trucks at an average weekday rate
approaching or exceeding 7000 barrels and began preparations for the
arrival of a 50,000 barrel barge within the next several days. This
barge will be filled directly from the arriving delivery trucks as well
as from Continentals storage tanks.
Continental also expects to begin making sales and deliveries via rail
within the next 2 weeks.
The increase in supply is creating a very
positive problem for us, reports Continental
CEO Tim Brink. Since our customers are
committed to purchasing whatever amounts we are able to deliver, we must
now expand our sales channels and delivery methods to meet the growing
supply. For this reason, we will soon be able to deliver product using
train tanks as well as well as barges. As an additional benefit, we will
be able to keep the train tanks on our dedicated rail spur for extended
periods which will also effectively increase our storage capacity and
allow us to further expand sales.
<!-- BEGIN: AdSolution-Website-Tag 4.2 : contentad -->
<!-- END:AdSolution-Tag 4.2 -->Our personnel in Brownsville are doing an
outstanding job, continued Brink. They
have worked tirelessly to offload what has now become an endless queue
of delivery trucks. Because of their efforts, we have been able to
increase our sales every month and now, with constantly growing supply
and the availability of sales via rail, we will even be able to expand
our capacity without significant expense.
Continental Fuels, Inc. is a subsidiary of Universal Property
Development and Acquisition Corporation
(OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1).
For further information, please visit www.continentalfuels.com.
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Wertpapier: CONTINENTAL FUELS INC |
Stichtag ist der 11.07.07
Am 01.08.07 sind die Shares aus dem Depot
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Wertpapier: CONTINENTAL FUELS INC |
Continental Fuels, Inc. is a subsidiary of Universal Property
GrussContinental Fuels to Increase Storage Capacity By 50% - Prepares to Add Additional Products to its Trading Activities
12:30 25.07.07
PORT OF BROWNSVILLE, Texas--(BUSINESS WIRE)--In order to expand its storage capacity, Continental Fuels, Inc.
(OTCBB:CFUL)(FWB:CNDI)(GER:CNDI)(BCN:CNDI) is making arrangements to
relocate two additional storage tanks with a total capacity of
approximately 23,000 barrels to its facility at the Port of Brownsville,
Texas. Upon placement of these tanks, expected to be completed within
the next 2-3 weeks, Continental will have increased its storage capacity
by about 50%.
Continental has also identified a source that will supply and obtained
commitments for the purchase of low sulfur diesel fuel to be transported
to and stored at the Brownsville facility. This imported product will be
delivered to Continental via barge upon completion of the improvements
at the port.
We will use a crane vessel to bring the fully
constructed tanks to our facility and place them on the concrete pads we
will install next to our existing tanks,
explains Continental CEO Tim Brink. The
entire project can be completed in 2 weeks and then we can start selling
diesel.
Development and Acquisition Corporation
(OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1).
For further information, please visit www.continentalfuels.com.
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Wertpapier: CONTINENTAL FUELS INC |
GrussRail Spur Installation at Continental Fuels Brownsville Facility Cost to be Borne by New Customer - Additional Storage and Delivery Methods to Result
12:30 30.07.07
PORT OF BROWNSVILLE, Texas--(BUSINESS WIRE)--Continental Fuels, Inc. (OTCBB:CFUL) (FWB:CNDI) (GER:CNDI) (BCN:CNDI)
has entered a new agreement for the sale of 40,000
60,000 barrels per month of light crude condensate to be delivered via
rail. As part of this agreement, this new customer has agreed to bear
the cost of construction of a railroad spur and loading station at the
Port of Brownsville.
The customer has also purchased 54 rail cars with a capacity of 675
barrels each. These rail cars will be stored at Continentals
facility at the Port of Brownsville, effectively increasing the storage
capacity at the facility by another 36,000 barrels. Together with the
storage tanks being relocated to Brownsville, Continental will have
increased its capacity by over 100% upon completion of these projects
within the next 3 weeks.
Work on the rail spur will be immediately commenced. It will service
sixteen 60 foot rail cars and the loading station will simultaneously
fill 3 at a time. Deliveries to the new customer are scheduled to begin
during the month of August.
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Continental Fuels Establishes South American Subsidiary to Expand Trading Activities to South American Suppliers
ORANJESTAD, Aruba--(BUSINESS WIRE)--Continental Fuels, Inc. (OTCBB:CFUL) (FWB:CIQB) has recently Continental Fuels, Inc. is a subsidiary of Universal Property Gruss Euer Pangäa 
incorporated Combustibles Continental de Latinoamérica
C. A., a new subsidiary established in order to exploit the many
relationships that Continental has developed throughout Latin America as
sources of product for its international trading activities.
Through this new subsidiary, Continental is negotiating supply contracts
from various energy exporting countries, including Brazilian ethanol. In
addition, the subsidiary will allow Continental to draw on significant
international funding sources.
Our contacts and negotiations in Latin
America present incredible possibilities for profit and expansion,
explains Continental CEO Tim Brink. The
volumes of product that are available allow us to deliver directly to
our customers without ever actually taking possession. This low cost
approach, coupled with the existing margins and enthusiastic investors
should allow us to grow this opportunity with increasing acceleration.
With the establishment of this subsidiary, Continental has also
initiated banking relationships and engaged legal representation in
Latin America. Continental CEO Tim Brink and Senior Vice President of
Trading and Marketing Ernesto Haberer recently returned from lengthy and
successful negotiations in South America and plans are being completed
for a second trip that should result in the execution of contracts.
Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1)
(GER:UP1) (MUN:UP1) (STU:UP1).
For further information, please visit www.continentalfuels.com.
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