Quantum Energy Announces Refinery Progress: Audit, SEC Reporting, Bakken Rail Safety, Land Use Experts
20 Maggio 2014 - 1:30PM
Marketwired
Quantum Energy Announces Refinery Progress: Audit, SEC Reporting,
Bakken Rail Safety, Land Use Experts
TEMPE, AZ--(Marketwired - May 20, 2014) - Quantum Energy, Inc.
(PINKSHEETS: QEGY) is pleased to provide the following investor
update of recent refinery progress:
"Quantum has engaged Shelley International CPA of Mesa, Arizona
as its auditor for its February 28, 2014 year end and has begun the
drafting of a Form 10 to be filed upon completion of the audit so
as to become a fully reporting company with the SEC. Once
audited and fully reporting, Quantum plans to immediately apply for
trading status with a major stock exchange;
"Quantum has retained Russell R. Smith as EVP of Public Affairs
on issues of Bakken rail safety and matters pertaining to industry
government relations. Russell Smith has spent the past 20
years developing and managing major public and private sector
projects focused primarily in assisting growth stage firms build
market share and integrate solutions with government agencies and
Global 500 Commercialization Partners. Founder of the first
dedicated Technology Practice Group in a major Washington, D.C.
government relations firm, his career has focused upon the nexus
between international business development consulting, lobbying and
legal industries. He has represented over 75 organizations ranging
from startups to Fortune 50 technology firms. With significant
experience working in and with over 20 foreign nations, Russell has
additionally served as an adviser to numerous Members of Congress,
foreign heads of state, legislators as well as several state
governors and the Administrations of two U.S. Presidents. His
firm has offices in Missoula, Montana, Washington D.C., Seoul,
Singapore and Dubai;
"Quantum has engaged North Dakota's largest law firm, the Vogel
Law Firm of Bismarck, as its Land Use counsel to work with
Territorial Landworks, Inc. on all matters of land use and
permitting and;
"Quantum has engaged Barr Engineering of Bismarck to assist the
Vogel Law Firm and Territorial."
All of these activities are related to Quantum's recently
announced plan to construct the Fairview Refinery that will process
20,000 barrels of Bakken crude oil per day and will operate as a
diesel topping plant. The Fairview Refinery is modeled after the
refinery nearing completion in Dickinson, North Dakota. The
North Dakota and Eastern Montana diesel market is estimated to
consume 75,000 barrels of diesel fuel per day of which the Fairview
and Dickinson refineries will supply approximately 14,000 barrels
per day (7,000 barrels per refinery). Upon permitting and
completed construction, the refinery is projected to generate
annual revenues in excess of $600,000,000 with EBITDA in excess of
$60,000,000 and employ 100 plus full time employees.
About Quantum Energy, Inc.
QUANTUM ENERGY, INC. is a development stage, publicly traded,
diversified holding company with offices in Williston, North
Dakota. Quantum places an emphasis in refinery development,
land holdings, oil and gas exploration, drilling, well completion
and fuel distribution www.quantum-e.com.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, further
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. The forward-looking statements contained in this release
are subject to certain risks and uncertainties that could cause
actual results to differ materially from the statements made.
For Company Contact: Invest Com USA 1-855-424-7447
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