Formosa Liberty Corporation Releases Third Quarter Report and Discusses The Company Outlook

Nov 17, 2015, 14:11 ET from Formosa Liberty Corp.

CHEYENNE, Wyo., Nov. 17, 2015 /PRNewswire/ -- The directors and management of Formosa Liberty Corp. (OTC PINK: FLIB) ("The Company") are pleased to announce that the third quarter financial reports have been posted and reflect the company's completed acquisition of patents and trademarks for NanoSave N1 and NanoSave Tungsten Hull Coat, along with inventory, websites, customer lists and distributors. 

NanoSave N1 is the "World's first full line of Nano Engineered Super Oils," with 18 different product blends. Tungsten Hull Coat is a revolutionary nano engineered boat hull coating that greatly reduces bio-accumulation and drag in the water. The coating can be applied to small private boats, yachts and ocean going vessels. These products are currently available on for immediate purchase and through local distributors.

Additionally, the Company has approved plans for a unique chain of quick oil change and lube stations featuring NanoSave N1 products. Company CEO Steve Lovern states that: "Formosa Liberty Corporation intends to transform itself into a major player in the specialty oil market, our new focus will be to expand market share and begin preparations to develop a national chain of high tech quick lube and oil change centers to be called Nano Second Oil & Lube™." The company is already in discussions to purchase a parcel of land along International Speedway Blvd. in Daytona Beach Florida near the company's new headquarters.  "We have headquartered the company in the heart of NASCAR country just a few blocks from the Daytona International Speedway. We intend to build our first flagship Nano Second Oil & Lube near the Daytona 500 track," stated CEO Steve Lovern. Information on NanoSave N1's products including the Tungsten Hull Coat and Nano Second Oil & Lube, can be found on the company website

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained here.


SOURCE Formosa Liberty Corp.