AUSTIN, Texas, April 18, 2012 /PRNewswire/ -- MC Endeavors, Inc. (PinkSheets: MSMY) (MCE) is pleased to announce that their strategic partner Fiscal Dynamics Limited (FDL) has officially received the approval to amend its Exclusive Distribution Strategic Partnership Agreement for the OEM, to include the 'MCE-LBI Renewable Products' for the Federal Republic of Nigeria and Sub-Sahara Africa.
On September 6, 2011 MC Endeavors, Inc. announced the signing of a strategic partnership with Fiscal Dynamics Limited, ("FDL") of Lagos State, Nigeria for the distribution of MCE-LBI Renewable products, including DualZorb®, PondZorb® and AcidZorb® throughout the Six (6) Geo-Political Zones of the Federal Republic of Nigeria. FDL has been involved in environmental disaster remediation, oil spills and specialty chemical clean-ups, environmental soil bioremediation and extraction technology consultancy services in Nigeria since 1991. FDL has established business relationships with organizations such as Shell Oil Corp., Chevron Oil Corp. and other Multi-nationals operating in Nigeria and the FDL-MCE-LBI partnership opens the door for growth in new areas of business for all three (3) companies who have been working on setting up their distribution channel over the past 7 months.
The approval of the amendment for FISCAL DYNAMICS LIMITED to add the MCE-LBI Renewable products distribution, vendor recruiting, CRM, Supply logistics and support, vendors' staff training and compensation incentives to its original strategic roles as Products Exclusive Distributor for DualZorb®, PondZorb® and AcidZorb® for the Six (6) Geo-Political Zones of the Federal Republic of Nigeria, has enabled FDL to revise its estimated sales revenue upward for the FY2012.
In September 2012 FDL's projected sales over 5 years at between $5.4M to $9.3M for oil spill clean-up in Nigeria." It is now estimated that the net sales revenue will grow an additional 30 - 40% resulting from the addition of the extended sub-distribution channels to its direct sales and marketing effort in the Oil Producing Regions of the Federal Republic of Nigeria and Sub-Sahara Africa. That increase will mean an equivalent estimated 30 to 40% increase in revenues for MCE from this income source as well.
Dr. Cornelius Shogunle reminded us that," More oil is spilled from the Nigerian Delta's network of terminals, pipes, pumping stations and oil platforms every year than has been lost in the Gulf of Mexico, the site of the major ecological catastrophe caused by oil that poured from a leak triggered by the explosion of British Petroleum's Deepwater Horizon Rig in April 2010."
Tim Algier, President and CEO of MC Endeavors, who will be joining Dr. Shongunle on the ground in Nigeria in May of 2012 said, "DualZorb®, PondZorb® and AcidZorb®will be a great addition to FDL's tool chest for cleaning up oil pipeline ruptures, extinguishing oil fires and absorbing oil from contaminated soils and waterways. These natural biodegradable absorption products are very safe to use, silica dust free without carcinogens, and they suppress hazardous fumes by encapsulating chemicals into DualZorb's cellulose fiber. Pouring 1-ton bags of DualZorb onto an oil fire via a long crane arm safely extinguishes the blaze by absorbing the fuel source."
Please understand that MC Endeavors, Inc. is committed to moving forward and building shareholder equity as responsibly and quickly as possible. We will continue to focus on the building of this company and we intend to make every effort to update you concerning our achievements and progress.
If you would like to be added to the mailing list for our weekly e-blast targeting primarily oil service and remediation companies but also of interest to biodegradation product users of all kinds, please call or email us, or you can sign up online at the MCE-LBI Online Store.
MC Endeavors, Inc. is a global smart-home builder and self-sustaining community developer of natural disaster resistant building systems that utilize steel framing and steel shipping containers with rigid closed-cell foam insulation instead of conventional wood framing and rolled fiberglass. MCE integrates green technologies including solar, wind, and biogas powered generators that are ideal for durable transportable oil field rig-shacks. We also provide water and soil biodegradable-remediation from oil, chemical, animal waste, and sewage spills after natural or manmade environmental events with our patent pending DualZorb®, PondZorb® and AcidZorb® products.
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward–looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE MC Endeavors, Inc.