MOORESVILLE, N.C., March 23, 2010 (GLOBE NEWSWIRE) -- Coastal Integrated Services, Inc. (Pink Sheets:COLV) and Revolution Products, Inc. signed a Letter of Intent on Monday, March 22, 2010 to work together on the creation, engineering and testing for new products in the lubrication industry with a concentration of fuel savings and improving carbon footprint (going green).
This agreement also includes regional marketing and sales of HI-TEK25, 15W40 cj4 Diesel Motor Oil which saves 4% to 15% in fuel consumption.
New company President Butch Conz stated, "We are very excited about the opportunity to be directly involved in the creation of new lubrication products being developed with specific goals in mind, such as saving fuel and going green. The chance to take this incredible product, HI-TEK25, 15W40 Diesel oil into the trucking industry nationally is a great opportunity and privilege. We are also working on a very unique program that I hope to have an announcement on soon."
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Except for the historical information contained herein, the matter set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, economic conditions in the industry and the financial strength of the Company's customers and suppliers. COLV does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.