SOURCE: Challenger Brands Corp.; Structural Enhancement Technologies Corp.
BOHEMIA, NY--(Marketwire - Jun 22, 2012) - Structural Enhancement Technologies Corp. (PINKSHEETS: EMWW) has announced today that it has entered into an Agreement to acquire a high-tech, state of the art bottling facility in Bedford Park, IL. This agreement and eventual acquisition will allow the Company to acquire a state of the art blending and bottling facility to further compliment the anticipated acquisition of the Challenger Brands in the bottling of Motor Oils, antifreeze and other petroleum and automotive related products. The Bedford Park facility boasts four high-tech automated bottling lines, and has over 500,000 gallons of internal storage capacity for petroleum and other fluids. It is centrally located in the heart of the Chicago area, which makes it optimal for logistics and distribution by truck and rail, as well as access to a full scale inter-modal hub.
Management feels that with this facility acquisition and the soon to be completed acquisition of Challenger Brands, that it furthers our efforts in creating a vertically integrated petroleum product manufacturing and distribution facility.
Jeff Gates, newly installed as President of the Company, stated, "This is a very exciting time for the new company, as we enter an energy space which is very hot and very attractive to investors. As soon as we complete the vertical integration we will be producing various energy products some of which will be made from reprocessed waste oils, previously discarded in the world, resulting in both higher margins and doing such a good service to the environment. The foundation of our business will be both environmentally sustainable products and business practices."
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About Structural Enhancement Technologies Corp.
Through its wholly owned subsidiary, Extreme Mobile Coatings, Inc., based in Nicholasville, Kentucky, Structural Enhancement Technologies Corp. operates an onsite mobile business that provides painting or coating on various surfaces utilizing specialized proprietary material. The Company also offers its anti-microbial services in other areas of the United States through various providers.
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control and actual results.