COLDSPRING, Texas, Jan. 14, 2014 (GLOBE NEWSWIRE) -- BenchMark Energy Corp. (OTCPink:BMRK), a refiner and supplier of Glycerin for commercial processes, announced it has signed agreements with a processing company in Mexico to provide them with refined Glycerin, and for the production and shipment of BenchMark's own brand of antifreeze for resale to consumer market here in North America.
Under the agreement, BenchMark Energy will supply increased shipments of refined Glycerin to its Mexican partner, and in return will be provided manufacturing, production, and shipment of BenchMark's own brand of antifreeze, now to be marketed under the new brand name Timberline Antifreeze.
Once in full production, our Mexican production facilities should be on course to ship up to 150,000 gallons of antifreeze to the company per month. The Company anticipates that the first shipments of their new Timberline Antifreeze product should be on store shelves by the end of January 2014.
Mark Bateman, the CEO of BenchMark Energy Corp. commented, "We are very excited to announce our contracts with our Mexico partners for the production of Timberline Antifreeze as our first commercial Glycerin-based retail consumer product. We feel by utilizing our secure supply of Glycerin, and the environmental aspects of using our Glycerin-based product as opposed to Ethylene Glycol, that BenchMark will be providing a cutting edge new product within the antifreeze market."
ADVANTAGES OF GLYCERIN BASED ANTIFREEZE
- Less corrosive on engine parts
- More cost-effective than Ethylene Glycol based Antifreeze
- Close to neutral on a corrosive scale
- Better for the environment (less toxic)
- Supportive of the renewable fuels industry
UNIT SIZES TO BE MARKETED
Timberline Antifreeze will be marketed in both 1 gallon containers, 55 gallon drums and bulk ISO containers. The 1 gallon containers will be focused on the retail market, providing a superior product at a lower cost per container than conventional antifreeze. Through internal and marketing price reviews they feel Timberline Antifreeze will be extremely competitive price wise to current antifreeze products on the market.
The 55-gallon drums and ISO containers will be marketed towards transportation companies, farmers, school systems, automotive repair shops, and other enterprises that service fleets of vehicles. Although launch is still pending for January 2014, BenchMark has already received indications of interest from transportation companies as potential pre-orders.
Additional blends of Timberline Antifreeze are expected in the coming weeks and months ahead.
Photos of the recent signing of this agreement will be posted shortly on our official Twitter account at http://twitter.com/BenchMarkE
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTCPink:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge." – Our mission statement starts the story, but the rest is available at http://benchmarkenergy.com.
SAFE HARBOR STATEMENTS
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.