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Pacific Oil Company ("Pacific Oil") (OTC: POIL), is pleased to announce that has entered into negotiations to acquire a private US company which holds the distribution rights to Patent Pending products and service applications, utilizing ground breaking Nano Technology.
Ed Loven, Vice president of Pacific Oil, said, "Nano Tech West Inc. holds the distribution rights to new technology that has the potential to be a game changer in the oil industry, with respect to how we as companies, mitigate a multitude of environmental risk. Our relationship with the company started out with curiosity, progressed to acquiring a licensing agreement and now is at the point where on the surface it has begun to make good business sense to purchase the company outright."
Pacific Oil would like to assure its shareholders that before the acquisition is finalized the company will have Nano Tech West's cutting edge technology both field tested and rigorously vetted by an independent 3rd party, which specializes in the field of Nano Technology.
About Pacific Oil Co
A Nevada based corporation, Pacific Oil Company is a dynamic junior energy company with both established assets and production within the energy rich province of Saskatchewan Canada.
The company continues to add value and set the stage for rapid success through low risk acquisitions and organic growth achieved through further development of existing properties. Pacific Oil fully understands that a balance must be struck between short term profitability, increasing net asset value and the long term growth that rewards early shareholder.
Pacific Oil operates under the notion that operational efficiency achieved through the minimization of administrative overhead is of the upmost importance if costs are to be kept under control and profits maximized for investors. All capital expenditures must provide value and risk control must be present at all times.
About Nano Tech West Inc.,
Nano Tech West Inc. is the exclusive distributor of NanoSand (Patent pending) in the Western Hemisphere and seeks to work with qualified end users directly and through strategic Joint Venture relationships. Nano Tech West, Inc., has launched operations in Canada and has made strong in roads in initially servicing oil and gas sectors and has significant expansion potential in a variety of other industries, including the mining sector.
Nano Tech West Inc. is a company dedicated to the advancement of operational efficiencies of resource companies and environmental standards using leading edge technologies. NanoSand (Patent Pending) is the flagship offering that is a highly effective technology that acts as the foundation for achieving these goals.
Nano Tech West, Inc., was created to further the European research and development initiatives that span over a decade of work in the nanotechnology arena, rigorous testing protocol and backstopped with third party testing and confirmation.
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although management believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the company's annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission
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Pacific Oil Company
1 888 303 2272
10120 W. Flamingo Rd., #4 - 240
Las Vegas, NV 89147
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