REDLANDS, Calif., Oct. 21, 2004 (PRIMEZONE) -- United States Crude International Inc. (Pink Sheets:USCI) today announced that the Company is in the final stages of negotiations with a number of marketing companies who are vying for the rights to market the TM-96 Series Hot Water Steam Generator Technology. Steady progress is being made and the Company is looking to having everything finalized soon.
USCI Interim President Tom Meeks stated that: "We are looking forward to a prosperous 2005. Things are really looking good and there is a lot of interest in the TM-96 technology. We are concentrating on taking advantage of the rising demand for steam generators and getting our technology to the market."
The Company
United States Crude International is an oil-recovery and other energy related technologies company. USCI will market its current technologies. USCI holds the license and the rights to market the TM-96 Steam Generators, the TM-98 Portable Gas System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil.
Although major oil companies have used steam and gas technologies for years., the TM technologies provide a portability and low cost of operation not previously available.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act
Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.