SOURCE: Universal Media Corporation
FORT WORTH, TX--(Marketwire - Sep 25, 2012) - UMED Holdings, Inc. (PINKSHEETS: UMED), a Texas Corporation, announces the acquisition of 100% interest in Greenway Innovative Energy, Inc., a private company that owns proprietary technology and intellectual property for the efficient process of converting natural gas to clean synthetic fuels (GTL).
Kevin Bentley, CEO of UMED, said, "This acquisition is a terrific opportunity for UMED to enter the energy sector and capitalize on the significant natural gas reserves in the United States by building and operating its own portable units or through the licensing of the technology and intellectual property to others. The Company's success in GTL has the potential to create significant value for UMED's shareholders."
Conrad Greer, Vice President of Research and Engineering, said that, "The operating economies of this portable GTL technology, costing significantly less than other existing processes, can help our country move closer to energy independence."
About UMED Holdings, Inc.
UMED Holdings, Inc. (UMED), located in Fort Worth, Texas, is a holding company, with interests in energy, agricultural operations, precious metals exploration, software, and aircraft maintenance. Visit http://umedholdings.com/ to learn more.
More information will be reported during the coming months.
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.