Voyager Petroleum Forms Joint Venture Operation To Export Used Motor Oil
READING, Pa., Jan. 21, 2011 (GLOBE NEWSWIRE) -- Voyager Petroleum Inc. (Pink Sheets:VYGO), an emerging leader in eco–friendly processing, oil distribution and specialty recycling programs targeting the automotive service center industry, today announced an agreement creating a controlling-interest in a Joint Venture Operation with an international trading firm for the purpose of exporting Used Motor Oil and other related recyclable lubricants. Through Voyager's wholly-owned subsidiary, Sovereign Oil, Inc., the Joint Venture Operation was formed with Earth Metal Scrap USA, Inc. to operate export administrative offices from the New York Metropolitan Area and export trading facilities in India and Dubai. Under the arrangement Voyager will provide an on-going supply stream of Used Motor Oil and related recyclable lubricants. Earth Metal Scrap USA will provide licensing authority, to export Used Motor Oil and related recyclable lubricants, from every major shipping port in the United States of America. The Joint Venture Operation is expected to initially export tens-of-millions-of-gallons of Used Motor Oil and related recyclable lubricants on an annual basis.
About Voyager Petroleum Inc.
Voyager ( www.voyagerpetroleum.com ) is a publically traded mid market petroleum based brokerage, processing and distributor in an $11 Billion Dollar U.S. market. Voyager also participates in the $75 Billion Dollar global scrap metals market through wholly-owned subsidiary, Scrap USA, LLC, which provides specialty scrap metal recycling programs to the Automotive Service Center Industry. The Company provides private label and wholesale eco-friendly petroleum based products to end users including small to medium sized fuel blenders and refineries, as well as automotive and manufacturing markets. Voyager's strategy has been to build shareholder value through acquisition and growth. The Company seeks target companies that may save costs and generate greater revenue from increased capital expenditures, vertical integration and wider distribution channels.About Earth Metal Scrap USA, Inc
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV