Coldspring, Texas (November 21, 2013 via MarketWire.com) – BenchMark Energy Corporation (OTC Pink:BMRK) an International supplier of Glycerin for commercial processes, announced plans to develop its own coolant/antifreeze product line in the US.
Benchmark Energy is a leading provider of Glycerin, which is used in many commercial processes, such as in production of cosmetics and soaps, animal feed, and in anti-freeze products. Retained as a by-product from biodiesel production, the Company maintains a strong distribution relationship with end-use production companies who require Glycerin in the manufacturing process.
For the fourth quarter of 2013, the Company projects shipping 1.6M pounds of Glycerin to its manufacturing partners in the US, and North America.
ANTIFREEZE PRODUCT LINE
In order to leverage its access to the raw Glycerin market, and its growing distribution network, the Company is exploring the development of its own line of coolant and antifreeze products for sale in the US, and North America. The product line will likely include all three types of antifreeze products- conventional, organic acid technology (OAT) and hybrid organic acid technology (HOAT) – although there could be other products considered as well.
Mark Bateman, Chairman and CEO of BenchMark Energy commented, “Benchmark Energy is pleased to announce the development of its own line of coolant and anti-freeze products to potentially expand our revenue growth within the company. Although in the initial stages, we feel our ability to leverage our every growing access to Glycerin, and distribution contacts across the US, we could provide Benchmark the ability to grow the company internally through the launch of its own consumer brand line, while increasing value for our shareholders.”
As of Nov. 18, 2013, the Company had approximately 23.5 million common shares issued and outstanding, with a public float of around 1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
“BenchMark Energy Corporation (OTC Pink:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge.” – Our mission statement starts the story, but the rest is available at http://benchmarkenergy.com.
SAFE HARBOR STATEMENTS
The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.
Phone: (832) 691-0011
© 2013 by BenchMark Energy Corporation, all rights reserved. Re-posted here by permission from BenchMark Energy Corporation. Original issuance at http://www.marketwired.com/press-release/benchmark-energy-explores-development-of-coolant-and-antifreeze-product-line-otc-pink-bmrk-1855339.htm.