Vertex Energy, Inc. (“Vertex” or the “Company”)(OTCBB:VTNR), a leader in the aggregation, recycling and processing of distressed hydrocarbon streams, today announced its financial results for the fiscal quarter ended June 30, 2010. Vertex’s results of operations for the three months ended June 30, 2010, were reported in its Form 10-Q filing for the period ended June 30, 2010, which was filed with the Securities and Exchange Commission today, August 16, 2010.

“The second quarter results for 2010 showed significant improvement over the same period last year,” said Benjamin P. Cowart, Vertex’s Chief Executive Officer. Mr. Cowart continued, “For the second consecutive quarter, we posted positive net income and made progress on a number of key fronts. Relative to last year, we saw a significant improvement in both our Refining & Marketing and Black Oil Divisions. Our licensed Thermal-Chemical Extraction Process (“TCEP”) technology continues to show improved performance and we remain optimistic about the potential of this business initiative for the future. We intend to continue to build on the progress we made during the second quarter, by taking advantage of the current strength in the used oil market and by capitalizing on our efforts in processing recovered material from the Gulf Coast spill.”

For the quarter ended June 30, 2010, Vertex reported consolidated revenue of $15.87 million, an increase of 201% over the same period in 2009. Gross profit increased in the second quarter to $908,704 compared to gross profit of $62,636 for the second quarter of 2009. Net income for the second quarter was $282,557, which compared favorably to a net loss of $714,690 during the same period in 2009.

The Refining & Marketing Division produced revenue of $11.33 million for the quarter ending June 30, 2010 versus $1.90 million of revenue during the same period in 2009. Gross profit improved in the Refining & Marketing Division from a gross loss of $39,629 in the second quarter of 2009 to a gross profit of $704,483 for the second quarter of this year. Vertex has been selling finished product from its licensed TCEP technology, a business initiative within the Refining & Marketing Division since July of 2009.

The Black Oil Division generated revenue for the quarter ended June 30, 2010 of $4.54 million compared to $3.37 million during the same period in 2009, an increase of 35%. Gross profit in this division increased by 100% from $102,265 in the second quarter of 2009 to $204,221 during the second quarter of 2010.

“The second quarter showed significant improvement over the same period last year and improved revenue and net income performance relative to the first quarter of 2010,” said Mr. Cowart. “I was particularly pleased with the performance of our Refining & Marketing Division during the second quarter and believe we are well positioned to take advantage of both the current strong market conditions in the Black Oil Division as well as the Gulf Coast clean up efforts during the third quarter of this year,” concluded Mr. Cowart.


As previously announced, Vertex Energy, Inc. will host a conference call today, Monday, August 16, 2010, at 3:15 p.m. Central Time (4:15 p.m. Eastern Time). In order to participate in the call, please dial (800) 401-8436 (Conference ID: 167398), or if outside the U.S., (612) 332-0932. A webcast of the conference call will be available on the Vertex website at through September 15, 2010.


Vertex Energy, Inc. (OTCBB:VTNR) is a leader in the aggregation, recycling and processing of distressed hydrocarbon streams thereby reducing the United States’ reliance on foreign crude oil. Vertex’s focus, as a participant in the alternative energy and environmentally friendly investment sectors, is on creating increased value in the products it manages and produces through a variety of strategies and technologies that facilitate the re-refining of used oil and off specification commercial chemical products into higher value commodities. By creating higher value products from distressed hydrocarbon streams, the Company is positioned to produce both financial and environmental benefits. Vertex is based in Houston, Texas with offices in Georgia and California. More information on the Company can be found at

This press release may contain forward-looking statements, including information about management’s view of Vertex’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Vertex, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Vertex files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Vertex’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Vertex cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Vertex undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Vertex.

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