SCOTTSDALE, AZ — (Marketwire) — 01/19/12 — AER Energy Resources, Inc. (PINKSHEETS: AERN) has successfully launched its nationwide UMO brokering services through its subsidiary FTPM Resources, Inc. Clients under existing FTPM brokering agreements have contracted with large national accounts for the collection and recycling of UMO from automotive service centers nationwide.
Stanley F. Wilson, AER Energy Resources, Inc., President, stated, “With our brokering assistance, an AERN client is bundling its existing automotive waste streams with the collection of UMO and is venturing with one of the largest collectors and re-refiners in the country. Through this relationship, FTPM is now expanding its original southwest U.S. marketing base in 2009 to a nationwide presence today. AER Energy is pleased to begin rolling out FTPM–s UMO brokerage services across the USA.”
An existing UMO brokering agreement client has 4,000 nationwide automotive service centre locations under a related agreement and this new UMO collection stream could generate up to 1,000,000 gallons per month of UMO. Projected AER-FTPM UMO revenues are estimated to be as much as $2,000,000 in 2012.
AER Energy Resources, Inc. () is a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution.
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