2014-01-29 14:35:54 -
Master Services Agreement Signed for Complementary Business Functions in Mineral Commodity Marketing and Services
Henderson, Nev US, January 29, 2014 /FSC/ - Double Crown Resources, Inc. (DDCC - OTCQB),a fully reporting company (hereinafter, "Double Crown"), is proud to announce the formation of a new contractual strategic alliance with Logistica US Terminals, LLC, a subsidiary of Logistica Integral en Transportacion S.A de C.V. ( logisticaintermodal.com) to allow for fulfillment of multiple high-value oilfield service projects currently in late stage development. This very well suited business relationship has culminated from many months of careful research and planning by representatives of both companies. As previously announced by Double Crown on April 16, 2013, Logistica US will provide large quantities of key minerals and related
materials needed by oilfield drillers for both on-shore and off-shore operations.
Last week a Master Services Agreement was signed which specifies the terms of the strategic alliance and responsibilities of each company. Primarily, Double Crown will act as the marketing and sales agent with Logistica US performing the material supply and services role. When plans are fully developed, raw materials will be shipped from the Logistica US high quality sources in Mexico and other countries. These materials will then be processed and sent on final shipments to customers from Double Crown's large industrial facility in New Orleans, Louisiana and the Logistica US Transload Terminal at the port of Brownsville, Texas. Logistica US is an ideal supplier for this operation because of its well established natural resource commodity base combined with extensive transport infrastructure and capabilities. Logistica US regularly handles multiple large-scale intermodal and multimodal shipping assignments via its logistics and rail transloading network, infrastructure and rail lines, warehouses, bonded services, packaging & material handling equipment, plentiful loading/unloading machinery, among other assets. Logistica US provides a strategic alliance with US and foreign companies developing logistical synergies for international transportation services. When Double Crown's new Transprop AGG aggregate material transport system is integrated at a future point, this shipping operation will become even more capable, efficient and environmentally friendly.
Regarding the new strategic alliance, Double Crown's Chief Operating Officer Antonio B. Castillo stated, "We are really looking at an optimal business arrangement with Logistica US and Double Crown Resources and the timing could not be more ideal. A number of our major, long-term oilfield service projects are currently in late and finalization stages for which Logistica US product sources, transport capabilities and industry expertise will be invaluable. We are moving forward very actively now to bring the enhanced potential of each of our companies into play and begin closing these major contracts. The most significant example of this potential can be seen with the strategic mineral barite which is a vital commodity for off-shore oil drilling. As we ramp up production it will be possible for us to deliver up to 400,000 tons of barite monthly to support off-shore drilling in The Gulf of Mexico and other off-shore operations globally. We will service the Permian, Eagle Ford, and Bakken shale regions with frac sand, guar and many other related products." Humberto Siller, CEO of Logistica US added, "The signing of this agreement between our two companies makes a perfect strategic compliment for both our business models and the opportunities we have before us today. It is truly a perfect fit." Double Crown President Allen E. Lopez also said, "We are now in the best possible position to serve the needs and requirements of any oilfield drilling company in the industry. We expect 2014 to be the year we establish ourselves as a key participant in the strongly growing market for oilfield supply and service."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: www.doublecrownresources.com/
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at www.doublecrownresources.com/
Double Crown Resources, Inc.
Jerold S. Drew, CEO & Chairman of the Board
10120 S. Eastern Ave. Suite 200
Henderson, Nevada 89052
Phone: (707) 961-6016
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To view the press release as a PDF file, please click on the following link:
source: Double Crown Resources, Inc. (OTCQB: DDCC) www.doublecrownresources.com
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