MOORESVILLE, N.C., June 9, 2010 (GLOBE NEWSWIRE) -- Coastal Integrated Services, Inc (Pink Sheets:COLV) announces that it has completed the acquisition of Revolution Products, Inc.
"We are pleased to inform our shareholders that we have closed the acquisition of Revolution Products. We are now ready to aggressively implement our marketing plan," stated Ed Conz, CEO of Coastal Integrated Services. He goes on to say, "The Company will also increase its focus on seeking acquisitions of technology and/or operations to boosts its revenue."
Recent News: Coastal Integrated Services Announces Launch of a National Marketing Strategy for HI-Tek25 15W40 Diesel Motor Oil
On May 13th, the company announced its two year marketing plan that will divide the country into 10 regions. Marketing efforts began in the southeast region which includes the states of Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia and the Midwest region which includes the states of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia and Wisconsin.
Coastal Integrated Services president Butch Conz stated that, "With the savings of 4% to 15% in fuel for a fleet of diesel trucks and the fact that we improve the carbon footprint of trucking companies as well, this gives HI-Tek25 the potential of becoming a $25 million a year product by the end of 2013."
About Coastal Integrated Services, Inc.
Coastal Integrated Services is a multi-faceted company with its focus in identifying technologies and companies that can produce products that will increase corporate revenue, shareholder value and reduce our clients carbon foot print (an environmentally conscious company). The company will combine the experience of its people with the strength of its strategic alliances to create and identify new opportunities in the oil & gas, energy and transportation industries.
Through its newly acquired subsidiary Revolution Products (www.revolutionoil.net), the company plans to market and sell a full line of superior lubricants to the transportation industry, with a focus on saving fuel as well as reducing emissions and engine wear. The company's primary focus will be to put its resources into marketing the HI-Tek25 15W40 Diesel Motor Oil to trucking companies nationwide. The company is confident that if prospective clients test the product, they will change over their entire fleet after viewing the result.