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Chevron / Texaco Distributor Crew Distributing Co. Signs Letter of Intent to Purchase 1.2 Million Gallons of Biodiesel Annually From Perihelion Global
Market Wire, July, 2007
Tags: biodiesel, Chevron Corp.
Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that Crew Distributing Co. Inc., a Chevron / Texaco Petroleum Distributor in the Southeastern United States, has signed a definitive Letter of Intent with Perihelion to purchase a minimum of 1,200,000 gallons of Biodiesel annually from the company.
Mickey Crew, President of Crew Distributing Co., stated, "The time is right for a valid Biodiesel product to be introduced into the American Southeast, and we believe Perihelion Global can help make that happen. We recognize the economic and social benefits of distributing a locally produced, renewable fuel source to our region, and fully support Perihelion's initiatives in this field."
"We are extremely honored to have been chosen by Crew Distributing Co. to supply their Biodiesel products and the annual purchase commitment they have given us," stated John H. Beebe, Chairman, Chief Executive Officer, and President of Perihelion Global. "This agreement ensures that we will rapidly realize revenues and formally enter the energy products market at full-speed. We look forward to a long and prosperous partnership with Crew Distributing Co., and hope that our relationship expands further in time."
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.
Website: http://www.perihelionglobal.com
About Crew Distributing Co., Inc.:
Crew Distributing, Co., Inc. is a Chevron/ Texaco distributor, and has for over 30 years distributed petroleum fuels to portions of Alabama, Georgia and Florida in the Southeastern United States.
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our business plans or operations;
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Contacts: John H. Beebe Chairman, Chief Executive Officer & President Perihelion Global 866-748-7610 (Toll Free) x 719 john@perihelion.com Mickey Crew President Crew Distributing, Co., Inc. 334-493-4502 mcrew@oppcatv.com