2008-09-28 03:21:03 -
- The company PreConcept Marketing Group, Inc. acquired should read as AM & Oil Technologies Resources, Inc. throughout the release (sted AM Oil Resources & Technology Inc.).
The corrected release reads:
ProConcept Marketing Group Inc. Acquires AM & Oil Technologies Resources, Inc.
ProConcept Marketing Group, Inc. (PINK SHEETS:PMKT) announces today that it has acquired controlling interest and
owns 80% AM & Oil Technologies Resources, Inc. and will retain 80% of the profits from AM & Oil Technologies Resources, Inc. which is poised to be on the verge of an exciting business opportunity. We believe that its unique approach of applying its proprietary technologies to marginal wells, with known reserves, will earn the company a profitable niche in the petroleum industry. With projected annual income in the first year of more than $30,000,000 and targeting approximately 390,000 producing "stripper" (marginal) wells in the United States, AM & Oil is ideally positioned to ride the tide of rising global demand for oil by providing an environmentally safe and cost-effective method of maximizing oil production from existing wells. Strategically marketing this technology positions us to benefit from the U.S. and world demand for oil, resulting in significant growth in both revenues and profits.
This is an environmentally friendly technology because due to the fact that we are recycling water used to produce steam; we are creating steam with lower emissions levels than current regulations because we are using the best available controlled burner technology for creating steam. We believe that our methods and practices are more energy efficient technology, thereby, producing fewer emissions than conventional steaming.
"The primary goal is to use our patent technology to rekindle marginally producing oil wells to profitable levels," said Joel Stohlman, ProConcept Marketing Group, Inc. Chief Executive Officer. Stohlman added, "The Company holds the license to the technology, and the rights to market, the Portable Steam Generator System, the Portable Thermo-Gas Repressurizing System and the Deep Steam Generator technologies. We expect that this acquisition will have significant increases to our bottom line. We anticipate that the acquisition will also increase our revenues and profits significantly for the next 12 months after the acquisitions and ties in directly to our mission statement."
For additional information visit
www.proconceptmarketinggroup.com/products/ Oil-Resources-Technology/33/Oil-Resources-Technology.php, or visit the company's website at www.proconceptmarketinggroup.com or contact investor relations at
ir@ProConceptMarketingGroup.com. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
About ProConcept Marketing Group, Inc.
ProConcept Marketing Group, Inc. (PMKT), headquartered in Buford, Georgia, is a publicly traded company engaged in business acceleration, business management, and proprietary marketing strategies to major international corporations engaged in diverse industries. ProConcept manages the marketing and distribution of exclusive products and services globally, while involved in the manufacturing process and ownership of these products by creating compelling solutions to generate demand for its products and services.
"Safe Harbor Statement" under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
ProConcept Marketing Group, Inc.
Joel Stohlman, 678-596-6872
ir@ProConceptMarketingGroup.com