2014-03-11 13:35:07 -
Agreements with Established Oilfield Service Companies Serving Top Level Petroleum Industry Customers
Henderson, Nevada, United States, March 11, 2014 /FSC/ - Double Crown Resources, Inc.,(DDCC - OTCQB), a fully reporting company, (hereinafter, "Double Crown"), has just signed a confidential Letter of Intent (LOI) to enter into an agreement with a well established oilfield service company and its associated companies, creating a new strategic alliance in support of petroleum industry projects around the globe. The company, which requests not to be named at this time for competitive reasons, is based in the USA and also operates warehousing and other facilities in China. They have Master Service Agreements and current contracts for large scale supply of vital drilling products to some of the
most important names in the petroleum industry today. Double Crown expects this strategic alliance to further open up global marketing channels for its products and services especially with access to new opportunities in China, Argentina, South Africa and Australia. The combination of Double Crown's own corporate assets including our New Orleans, LA processing plant & bulk terminal, with the wide ranging functions of our alliance companies is producing a very capable operation to serve the petroleum exploration, drilling and production industry on every level.
This new strategic alliance is another important development in Double Crown's continuing growth plan to position the company as a worldwide supplier of top quality minerals and other materials needed by the petroleum energy industry. Current negotiations are also underway to put in place two more strategic alliances with other established oilfield service companies for new market penetration. One of these alliances will cover Columbia, Ecuador and Venezuela. The other will allow access to marketing opportunities in Saudi Arabia. Double Crown will provide further details on these alliances and resulting business in follow-up news and SEC filings as more progress is made. All of the companies involved have extensive infrastructure and capabilities in place to move vital oilfield support products by rail, trucking and water transport options. They also have excellent political connections and communication ability in their operational areas of the world.
President Allen E. Lopez stated, "In addition to the existing strategic alliance between Double Crown Resources and Logistica US Terminals, the new alliances being set up now will clearly help us all best serve the varied and far ranging supply and service needs of the worldwide oilfield drilling industry. Through these arrangements we are benefiting from immediate access to established working relationships and successful business history with some of the largest companies in the petroleum energy market. This access should help more quickly facilitate new contract developments. We are planning for our own materials processing plant in New Orleans and other company assets to be ready to meet the expected business demand when fully developed. Delivering our mineral and associated products anywhere they are needed in the most efficient, cost effective and environmentally friendly ways possible is our primary objective. The new strategic alliances we are putting in place at this time are key factors in meeting our objectives and helping everyone involved serve the supply requirements of petroleum industry customers around the globe."
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 near-term 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.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
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
To view the press release as a PDF, please click on the following link:
source: Double Crown Resources, Inc. (OTCQB: DDCC) www.doublecrownresources.com
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