Energy Management International, Inc. South American Petroleum Downstream Work Intensifies With Franklin Mining, Inc. and McGuff
08 März 2011 - 2:24PM
Energy Management International, Inc. (Pink Sheets:ENMI) announces
today that it has negotiated a Joint Venture agreement with
Franklin Mining, Inc. to expand its development of oil and gas
projects in South America and to make available the services of
McGuffy International Company, an affiliate of the McGuffy Group,
located in Houston, Texas and offices in Bolivia.
Energy Management International's President Howard Dunn states
that the Franklin Mining CEO William A. Petty has a long history
working in South America, particularly Bolivia, and has been
working with the Energy Management team intensely during
the last six months in developing critical pathways to establish
our downstream petroleum presence in South America. As part of the
Joint Venture agreement, Energy Management may assist in the
construction management phase of the work and will be contracted
for operations. Mr. Petty, working out of offices in Santa Cruz and
La Paz, Bolivia, anticipates that within a short period of time,
Energy Management, through its Joint Venture partnership and
affiliate network, will have an opportunity to respond to
solicitations for installation of one or more LPG plants.
Through the agreement with McGuffy International, McGuffy will
be able to provide and assist with services required for the
design, construction, re-commissioning, and operations that may be
required in a future contract award to install a liquefied
petroleum gas (LPG) or gas separation facility.
About Energy Management International, Inc.: Energy Management
International, Inc. (www.EnergyManagementInternational.com) is
positioning itself to add North and South American oil and gas
production, and enter into downstream processing design, build,
and/or operating agreements in Paraguay, Bolivia, and
Argentina.
The Energy Management International, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8741
About Franklin Mining, Inc.: Franklin Mining Inc.
(www.FranklinMining.com) had previously held a South American oil
and gas division that was acquired by Energy Management
International last year.
About McGuffy International Company: McGuffy International
Company (http://www.McGuffyGroup.com) is a contracting company
for oil, gas, and power-related projects, including engineering
design (process, mechanical and I&E), fabrication, field
construction, and commissioning.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release
contains forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in Energy Management International,
Inc.'s filings with OTCMarkets.com and as required to the
Securities and Exchange Commission. These risks could cause Energy
Management Internationals, Inc.'s actual results to differ
materially from those expressed in any forward-looking statements
made by, or on behalf of, Energy Management International, Inc.
CONTACT: Energy Management International, Inc.
Corporate:
8023 Vantage Dr. Suite 680
San Antonio, TX 78230
Office: (210) 547-0736
Fax: (888) 452-8153
Email: info@energymanagementinternational.com
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