HINSDALE, Ill., May 29, 2008 (PRIME NEWSWIRE) -- Voyager Petroleum, Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announce that Monarch Petroleum, its wholly-owned subsidiary, has secured its initial sale of a reclaimed used oil product out of its Detroit facility with a major Midwest distributor of petroleum-based lubricants. The parties are working closely to establish a long-term relationship that will be beneficial for both companies. The company is marketing its eco-friendly re-processing method for reclaimed used oil and working diligently to inform regional automotive and industrial customers in the Midwest of its processing capabilities. Sebastien C. DuFort, the Company's CEO, commented, "We now intend to focus our efforts on revenue-producing activities by building our customer base and solidifying our independent sales force as we progress towards expanded operations at the Detroit facility."
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 management believes 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 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 aftermarket, the Company intends to promote its environmentally conscious processing methods for reclaimed used oil. The Company will seek to acquire reputable middle-market petroleum-based lubricant companies that process, blend, package, and distribute lubricants and related products as well as acquire facilities to conduct like operations.
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.