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Petrosonic Energy, Inc. Announces Engagement of Investor Relations Firm, Ormont LLC
CALGARY, AB, Jan 18, 2013 (MARKETWIRE via COMTEX) --
Petrosonic Energy, Inc. (OTCQB: PSON) is pleased to announce that it
is has engaged Ormont LLC to provide investor relations and strategic
communications services. Ormont will assist Petrosonic Energy, Inc.
with its efforts toward enhancing investor awareness, corporate
communications and overall shareholder support.
"We're excited to become part of the Petrosonic team, and to be
representing a company with such great potential," stated John
McFarland, Senior Partner at Ormont LLC. "Heavy oil production is
increasing dramatically worldwide and upgrading is becoming more
widespread in order to facilitate transport and increase the quality
and value of heavy oil crude stocks. Petrosonic's proprietary
Sonoprocess(TM) technology promises to make upgrading of heavy oil
more affordable by reducing or eliminating the need for costly
diluent additives used in conventional upgrading processes."
"The company is at a promising inflection point as it prepares to
move into commercial production with this unique and exciting
technology," added McFarland, "and the management team, led by CEO
Art Agolli, has an abundance of experience and a track record of
success in the petroleum and heavy oil industries, including Art's
key role as a co-founder at Bankers Petroleum."
Petrosonic's CEO, Art Agolli, commented, "We selected Ormont because
of the uniquely good fit with our company. We believe that Ormont can
help us design and execute a strategy to cultivate a broad audience
of institutional and retail investors globally. John and his team
have great capital markets experience and possess a level of
technical knowledge and industry background and research capabilities
that allows them to understand the Petrosonic story and the key value
drivers for the company. We're looking forward to working with Ormont
in order to help us inform and support existing and new investors
alike."
Heavy oil comprises 50% of known oil reserves (roughly 8 trillion
barrels) but represents just one in ten barrels of current
production. New global investment could double this output by 2025.
The Energy and Information Administration (EIA) forecasts future
heavy oil production to increase by 200 percent from 2006 to 2030. Of
the world's total oil reserves, an estimated 53 percent are in the
form of heavy oil or bitumen.
Shareholders can contact at Ormont (877) 300-4538 x102 or email
ir@petrosonics.net to get the latest information about the company.
Please visit our website at www.petrosonics.net.
About Petrosonic Energy, Inc.
Petrosonic Energy was established to
deliver innovative technologies to the energy sector. Our current
primary focus is to provide technologies that upgrade heavy oil
economically and in an environmentally friendly manner. Our patented
Sonoprocess(TM) uses clean tech sonic energy to de-asphalt heavy oil
at much smaller scale and lower capital costs than conventional
upgraders and without the use of water or release of emissions in the
atmosphere.
About Ormont, LLC
Ormont, LLC is a boutique investor relations and
strategic communications advisory firm serving the needs of select
micro- and small-capitalization companies. Our principals, associates
and partners collectively have an extensive and uniquely broad range
of capital markets expertise along with banking and investor
relationships. Members of our team also possess considerable
experience in corporate operations, corporate governance, regulatory
reporting and compliance and intellectual property management. We
develop strategies for companies to identify, qualify and interact
with prospective investors on both the buy side and the sell side.
Our goal is to work with our client companies to develop a following
of investors best suited to the company based on factors including
industry segment, market capitalization and stage of development and
to facilitate timely, responsive and informative communications with
our investor audience.
Forward-Looking Statements Disclosure
This press release may contain
"forward-looking statements" within the meaning of the federal
securities laws. In this context, forward-looking statements may
address the company's expected future business and financial
performance, and often contain words such as "anticipates,"
"believes," "estimates," "expects," "intends," "plans," "seeks,"
"will," and other terms with similar meaning. These forward-looking
statements by their nature address matters that are, to different
degrees, uncertain. Although the company believes that the
assumptions upon which its forward-looking statements are based are
reasonable, it can provide no assurances that these assumptions will
prove to be correct. All forward-looking statements in this press
release are expressly qualified by such cautionary statements, risks,
and uncertainties, and by reference to the underlying assumptions.
Contact:
Petrosonic Investor Contact:
ir@petrosonic.net
Tel: (866)295-2348
www.petrosonic.net
SOURCE: Petrosonic Energy, Inc.
mailto:ir@petrosonic.net
http://www.petrosonic.net/
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