Harbinger Research Initiates Coverage on Green Oasis Environmental With 'Strong Speculative Buy' Rating
December 15 2010 - 3:00PM
Marketwired
Green Oasis Environmental, Inc. (PINKSHEETS:
GRNO), a Florida corporation, is pleased to announce today that
Harbinger Research, LLC, an independent equity research firm, has
initiated coverage of the Company with a 'Speculative Buy' rating.
Mr. Connell has over 15 years' experience in the securities
industry as an equity analyst, portfolio manager, founder and CEO
of Street Fusion (acquired by CCBN/StreetEvents) a software company
servicing the institutional investment community.
To view GRNO's independent equity research report, please click
on the following link:
http://harbingerresearch.com/data/GRNO%20Harbinger%20Report%20December%2014%202010_960.pdf
Brian R. Connell, CFA, a Harbinger Research Senior Analyst,
stated, "Green Oasis has done a great job quickly building revenues
over the last few months, and we are quite optimistic about its
long-term prospects, given its market size and innovative mobile
processing technology. We rate the shares of GRNO a Strong
Speculative Buy."
Peter Margiotta, President/CEO of Green Oasis Environmental
stated, "We are honored to receive a strong speculative buy rating
from Harbinger Research. This further indicates our company
continues to show fundamental strength by increasing net income by
100 percent year over year, significantly cutting expenses,
profiting from continued increases in oil prices, gaining new
clients each month and acquiring new state-of-the art equipment,
including our mobile processing units. These units allow us to
process oil anywhere in the world, quickly and efficiently."
Mr. Margiotta further stated, "During the fourth quarter of
2010, we continued to process slop oil at an accelerated rate. This
acceleration is paving the way for a record year in revenue and net
income for 2011. While our fundamentals continue to improve, we
remain dedicated to providing transparency; this includes providing
audited financials for investors for 2010 and going forward."
Green Oasis -- "Green today for a stronger tomorrow"
About Green Oasis Environmental, Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, waste engine oil, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state of the art technology, GRNO will be able to process
these waste products at one of their facilities or at a customer's
site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil unrefined (non saleable
oil) into pipeline standard crude. Its first facility has proven
its capabilities to process up to 1,500 barrels of slop oil with a
conversion ratio of approximately 50% to finished crude. Through
its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is
a corporation that acts as the single market interface for Royal
Dutch Shell companies and affiliates in the United States with
offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP is currently planning
expansion of its processing technology into Montana and North
Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks
plays, said to be two of the largest oil plays in North
America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 Email Contact
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