posted
06/23/2006 12:54:34 PM|NBB|SDTQ|Speedteq Ti Inc Common Stock||2-1 F/S|06/26/2006|||Payable upon Surrender of Certificates New Name: Cengroup Petroleum Corporation New Symbol: CPCO
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
A previous PR Speedteq-Ti Enters the Petroleum Industry Friday June 9, 9:30 am ET
PHOENIX--(BUSINESS WIRE)--June 9, 2006--Speedteq-Ti, Inc. (Pink Sheets:SDTQ - News), is very pleased to announce that they have acquired all of the outstanding shares of "Neville Trevor and Associates" in a Share Exchange Agreement. As per the Agreement, the Company has acquired 100% of the outstanding shares of "Neville Trevor and Associates" in exchange for 25 million shares of the Company's restricted common stock.
"Neville Trevor and Associates" has developed a plan to recover oil in the Caspian Sea Region by method of absorption. Over the past five years they have worked within Azerbaijan with both government and oil authorities, testing and optimizing their plan.
In addition to the acquisition, the Board has appointed Neville Trevor as Chairman and CEO, and Terry Yakimovich as President. Both Trevor and Yakimovich researched and developed the oil absorption process. Mr. Trevor is currently setting up operations in Baku, Azerbaijan.
To better reflect the Company's new business model, the Board has agreed to change its name to Cengroup Petroleum Corporation. Earlier this year the Company had ended its agreement with Bradley Miller and Speedteq-Ti of Arizona to seek a more profitable business model for shareholders.
Also, to improve liquidity within the Company's stock, the Board has approved a two-for-one forward stock split. Both the stock split and symbol change are expected to occur within the next two weeks.
For further investment information please call Rick Neild at 1-800-488-4544.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
Shares are very thin and float is super low. When news hits about the new business plan and the oil in Azerbaijan, this thing is going to fly. I'm interested to see the details in their oil absorption method.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
This is going to fly next week. Details on business plan, financing, and oil absorption method released after the 4th.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
I agree JOEL this is going to move. Great pick
Shares Outstanding 24,500,000 Float: 6,000,000 These numbers are from before the 2 for 1 split
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by J_U_ICE: I agree JOEL this is going to move. Great pick
Shares Outstanding 24,500,000 Float: 6,000,000 These numbers are from before the 2 for 1 split
Juice, any idea who Neville Trevor and Associates are. I am in, was with SDTQ on news that they 'entered oil business'. Since I have not been able to find a bloody sentence on this Neville Trevor. They were most probably a very tightly held private corp. with this 'unique/proprietary' extraction method I see another reason to keep it close to the vest. anyway - anything on them would be greatly appreciated!! Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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From IHUB: CEN GROUP OF COMPANIES is the company founded by CENAY GROUP of COMPANIES in 1995. Today CEN GROUP of COMPANIES is working in the field of construction, infrastructure, oil and gas, telecommunications and industrial technologies. Geography of the holding s activity is spread over Azerbaijan, Turkey and Georgia, Belarus, Ukraine and Kazakhstan.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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My conversation with Rick went something like this:
Q. Is there an e-mail address that we can use to get a hold of you or the company. A. No. That is being set up within the next few weeks.
Q. Will this e-mail address be for you or Cengroup Petroleum Corp. A. It will be for CPCO. The generic website should be up within 2 weeks and a good, professional one will take its place within 2 months. It takes a little longer to create a decent site. When this website is up then we will step out of the way and let the company take over. We were just here to help SDTQ faciliate a merger. We don't work for them we are shareholders who want to see value like you.
Q. Can we expect a PR in the next couple of weeks. A. Yes. There should be one out on Monday or Tuesday.
Q. Anything else to expect. A. Yes there are 3-4 other things that should be news worthy. The company is over in Azerbaijan setting up the plan(t)? Well maybe that isn't news worthy. There are a few things, but don't expect to see profits until November.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Things are heating up nicely. Float is super thin now. Just think when the news hits. Rock and roll baby!
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
Closed up 53% today. Next week is going to be very interesting. Everyone should radar...may be the next NVAO.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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quote:Originally posted by Egg Inspector: up +.03 so far today
thoughts?
There is not an overwhelming amount on interest here yet. Everyone that has shares are holding for $1.00 plus. Soon as news hits, this one will rock. I think we are on the ground floor here even from this level.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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Cengroup Petroleum Corporation Chooses EnviroMop as its Supplier of Sorbent
Cengroup Petroleum Corporation (Pink Sheets:CPCO), has chosen EnviroMop(TM) LLC, a manufacturer of hydrophobic cellulose-based sorbent material, to provide the sorbent which will be used to clean up and recover the approximately 250 million barrels of spilled oil lying on the water and land in Azerbaijan, with nearly 1 million new barrels of oil leaking to the surface each year.
The EnviroMop product, Maximum Oil Pickup(TM) (MOP) is a revolutionary patented hydrocarbon sorbent material. "We are looking at this as a large scale cleanup and recovery operation," said Neville Trevor, Chairman of Cengroup. "As a sorbent, MOP has a very high pickup and recovery ratio, is light weight, and environmentally friendly. It fits perfectly into our operational needs and goals."
David Levine, President of EnviroMop stated, "We are excited that our product has been chosen to clean up oil spills in an area of the world that desperately needs environmental attention."
According to the Energy Information Administration (EIA), which is a statistical agency of the U.S. Department of Energy, the landlocked Caspian Sea is the largest inland body of water on earth surrounded by Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan. Sturgeon from the Caspian Sea accounts for approximately 90% of the world's caviar industry.
The effects of oil and gas exploration and production in the Caspian region have been felt most strongly in Azerbaijan, where a century's worth of oil production has resulted in acute soil degradation and contamination problems. Oil production has left behind vast areas of wasteland, with standing oil ponds and severely contaminated soil, a shore along Baku Bay that is black with oil residue, and high levels of pollution in the Caspian Sea.
Rusty derricks, poisoned soil and water, pools of oil scum, and uncontrolled well fires were byproducts of no environmental oversight of the oil exploitation in the Caspian region. Involvement of Western energy companies using more modern technology actually should result in an improvement in the way oil and gas is extracted in the Caspian basin. In addition, pressure from shareholders will make publicly-traded energy companies carry out their operations in the Caspian region in an environmentally-responsible fashion.
EnviroMop was chosen for the project because it:
-- Works on water and land; in all types of weather conditions. The oil will not leach out and it halts further contamination of land or water.
-- Is 100% biodegradable, non-corrosive, non-toxic, non-irritating -- it is safe to plants and animals.
-- Cleanly recovers up to 95% of the absorbed oil simply by squeezing. The remaining material can be burned to recover 100% of the available energy, while leaving as low as 0.1% ash.
-- Absorbs up to 30 times its own weight in oil offering superior absorbent performance.
-- Is lightweight; easy to handle.
-- Is cost effective in comparison to other sorbents.
EnviroMop(TM), LLC was formed in 2004 to promote the revolutionary patented product Maximum Oil Pick-up(TM) (MOP) which can clean up hazardous oil, and other hydrocarbon material, spills easily and safely while both allowing for the recovery of the spilled material and returning a clean environment. Located in New Jersey, USA, EnviroMop(TM) is capable of serving the worldwide needs for this unique product. For the manufacturer's safety data sheet (MSDS), an informational brochure, and more, please visit www.EnviroMop.com.
Cengroup Petroleum Corporation was developed to take advantage of an opportunity to recover surface oil in the Caspian Sea Region. Over the past five years the Company has singularly positioned itself in this lucrative region by developing relationships within the Azerbaijan government. It has been estimated that there are approximately 250 million barrels of surface oil lying on water and land in the Caspian Sea Region, with nearly 1 million new barrels oil leaking to the surface each year. Cengroup, working with the government of Azerbaijan, will clean up, recover, and reclaim the oil to productive use while environmentally restoring the land, sea, and shore.
Special Note Regarding Forward-Looking Statements
Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties, such as their success in acquiring funding for machinery and materials, maintaining needed relationships with governments and customers, and successfully executing their business plan, could cause the company's actual results in the future materially to differ from the forward-looking statements.
Ocean Way Investments Ltd. Rick Neild, 800-488-4544
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
This is much bigger than I originally imagined. Should be a good day and rest of the week.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
Well the news just came out after hours and will take some time to decipher for folks. I can't imagine this dipping anytime this week. I know a lot of people who will not be selling under $1.00.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
came out at 3:30 not afterhours. When do you expect a run from this, i dont want to hold for a month
Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by stocktrader22: came out at 3:30 not afterhours. When do you expect a run from this, i dont want to hold for a month
Sorry 3:30. I made a mistake. Think we may see a little run tomorrow. .18 HOD is my guess.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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The guys that run CPCO are engineers and accountants.
Within the next 30 days they will start to assemble a plant in Bath New Hampshire. It will take 6-8 weeks to accomplish. Then they will disassemble it, ship it to Baku Azerbaijan and have it reassembled. Charles Diamond is overseeing this operation.
They will start out with one plant and would like to have another one running by Winter. Each plant is expected to produce 800 barrels per day of recovered oil. They plan to continue to expand by building more plants next year. This first one just sets the stage.
CPCO has been granted the exclusive licensing rights to use EnviroMops product in Azerbaijan and Kazakhstan. These are the two countries with the majority of the estimated 250 million barrels of surface oil lying on water and land in the Caspian Sea Region. CPCO will begin operations in Azerbaijan then move into Kazakhstan. In the future they could set up operations anywhere in the world.
EnviroMop will build 6' long booms tied together, that will be placed in ponds by workers in small boats. Then the workers will use what is called a cannon to shoot small cardboard pieces into the center area of the booms. The cardboard has been treated with a chemical compound that is patented by EnviroMop. Then the workers will pull in the booms gather the cardboard pieces that will be raked onto a conveyor belt and dropped into bins to be hauled away. There are different ways to separate the oil from the water and EnviroMop is working on a vacuum type. So as they begin operations they will be working on ways to make the process even easier. The used cardboard pieces will be delivered to a local concrete plant. They might be used to heat the plant or a process in the plant. This may generate revenue as well.
The process has been tested and proven to work.
This unique process is the first of its kind. The process is very simple, not rocket science. There are no competitors. Nothing of this magnitude has been done before. The larger oil companies are more concerned and concentrated on finding new oil.
Another plus, is that it will only take $1,000,000 to start this operation including working capital. Rick sees no need for CPCO to issue any additional shares for funding.
There will be other revenue sources as well that will be put out in a press release. Expect to see this and a few more PR's in the weeks to come.
Contact information posted below:
Ocean Way Investments Ltd. Rick Neild, 800-488-4544
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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