S2C Global Systems Readies for Distribution of Water to Gulf of Arabian Countries While Continuing to Build Long Term Contracts Date : 09/22/2009 * 1:17PM Source : MarketWire Stock : S2C Global Systems, Inc. (STWG) Quote : 0.124 -0.001 (-0.80%) * 8:36AM
S2C Global Systems Readies for Distribution of Water to Gulf of Arabian Countries While Continuing to Build Long Term Contracts
SAN ANTONIO, TX -- (Marketwire) -- 09/22/09 -- S2C Global Systems, Inc. (OTCBB: STWG), an environmentally-based exporter of natural water and supplier of water distribution technologies, announced today that it has sourced two ships through a Texas maritime company to fulfill upcoming shipments of bulk water into the Arabian Gulf.
Two very-large crude carriers (VLCC) are being made ready for December and are each capable of carrying in excess of 53 million gallons per trip.
At a projected selling price of approximately 3.0 cents per gallon, each tanker will be carrying over $1.5 million in product. And with each ship making the almost 10,000 nautical mile journey from Sitka to the Arabian Gulf in less than 30 days, the potential gross revenue from these two ships alone is over $38 million per year.
The Company continues to secure and fulfill contracts in the continental USA focusing on California, Florida and Texas, the Middle East focusing on Saudi Arabia, and Asia focusing on Korea.
"Securing these first ships is critical to our future business," says Rod Bartlett managing partner Alaska Resource Management. "We are looking to secure even larger ships to create greater efficiencies and be ready to fulfill contracts as they are signed."
The company notes that the numbers contained in this release are unaudited, and are made in good faith and based on all the financial information available to the company today.
About S2C Global Systems, Inc.
S2C Global Systems, Inc. is an environmentally-based exporter of natural water and supplier of water distribution technologies. S2C has developed and operates Alaska Resource Management, LLC, a partnership with True Alaska Bottling focused on the export of billions of gallons of water globally from the water sheds of Baranof Island, Alaska. S2C is also the owner of proprietary technologies related to the delivery, automated handling and distribution of water in the 10 and 20 Liter formats. The Company has proprietary green technology that can reduce the carbon foot print of bottled water by over 67%.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.
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