Wall Street Securities Inc. Invests in Energy Sector and Appoints Nestor Buenaflor as New COO
2008年7月10日 - 1:38PM
Marketwired
PHOENIX, AZ announced today a letter of intent to acquire Energy
Solutions, Inc., a Tulsa, Oklahoma company that has developed an
innovative hydraulic oil well pump which is more efficient because
the hydraulic pump uses less power than the walking beam pumps that
are used by the majority of domestic rod-pumped wells.
Mario Usi, President and CEO of Wall Street Securities, said,
"Investments in companies and technologies that reduce the cost of
petroleum production can help reduce the cost of crude oil. As the
price of crude rises, the energy industry's interest in minimizing
the costs associated with oil production increases."
Louis Twist, President and CEO of Energy Solutions, Inc.,
stated, "Energy Solutions is working on the prototypes that are
necessary before mass production of the hydraulic pump can begin.
The market is there waiting for the most efficient technologies to
be introduced. We intend to be a part of this huge market
opportunity."
Along with this new development is the appointment of Nestor C.
Buenaflor to the position of Chief Operating Officer -- COO -- of
Wall Street Securities, Inc. by the Board of Directors as of July
7th, 2008. Nestor Buenaflor is also currently the CEO of Preachers
Coffee, Inc. (PINKSHEETS: PRCF) (PINKSHEETS: PRCFP).
About Wall Street Securities:
Wall Street Securities invests in energy sector technologies
that have the possibility of reducing the cost of producing crude
oil. WSSE has analyzed several new technologies and plans to fund
and acquire other companies in the future.
This press release contains some forward-looking statements. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events,
or otherwise. Forward-looking statements in this document should be
evaluated together with the many uncertainties that affect our
business.
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Contact: Ray Larson Managing Director Morgan Phillips, Inc.
E-mail: morganphillips11@aol.com
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