HINSDALE, Ill., April 7, 2008 (PRIME NEWSWIRE) -- Voyager Petroleum Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announce that it has acquired the Detroit facility through its wholly-owned subsidiary, 600 S. Deacon LLC. The facility is 20,000 square feet and is located on 3.5 acres. It encompasses a processing plant, warehouse space, quality-control laboratory, and offices with railroad access and multiple loading docks. The processing plant houses 22 outside storage tanks and 32 inside storage tanks, some with heating capabilities, for a total storage capacity of over 700,000 gallons. Monarch Petroleum, Voyager's wholly-owned subsidiary, operates the 20,000 sq. ft. Detroit facility using its own process for reclaimed used oils to produce petroleum and other lubricants in an economically, environmentally, and what we believe to be a socially responsible manner. The United States generates approximately 1.4 billion gallons of recoverable used oil every year according to America's Choice, the website of Safety-Kleen, a major United States re-refinery. Voyager seeks to establish itself as a premier service provider to various manufacturers, distributors, blenders, and packagers, using its own process for reclaimed used oil. The Company intends to process for or purchase reclaimed used oil from various consolidators of used petroleum. The company expects to capitalize on the demand for recycled lubricants through its own process and available capacity by market penetration, customer retention and cost reductions for its potential customers.
About Voyager Petroleum
In its quest to manufacture and distribute Eco-Friendly petroleum-based products and services to the automotive and manufacturing after-market, the Company is promoting its environmentally-conscious methods for processing reclaimed used oil. Voyager Petroleum seeks to acquire reputable middle market petroleum based lubricant companies and/or facilities that refine, blend, bottle, and distribute to the automotive and manufacturing after-market with established regional distribution channels and experienced management that would recognize increased revenue and significant cost savings from an injection of working capital, wider distribution, or vertical integration.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.