SOURCE: Coastal Integrated Services

September 03, 2009 09:15 ET

Coastal Forges Ahead With Procurement of Pipeline Cleaning Units

LAFAYETTE, LA--(Marketwire - September 3, 2009) - Coastal Integrated Services, Inc. (PINKSHEETS: COLV) -- The recently executed Preliminary Purchase Agreement includes three self-supporting pipe cleaning units, which allows simultaneous operations in three separate locations.

Each unit is equipped with water storage, air compressor, hi pressure pump, vacuum unit, settling tanks, transfer pumps, hoses, etc., and a variety of water and air filtering devices. The cleaning system operates under vacuum, recycles all pressure wash water, and, because it operates under vacuum, releases nothing into the atmosphere.

The average charge per unit, including the support equipment, averages $7,250 per day; travel and setup fees are in addition to the daily rate. Nearly $5,000,000 worth of contracts are booked for the near future.

The U.S. has approximately 150,000 miles of inter-connecting crude oil trunk lines and refined products pipelines serving refineries nationwide, and approximately 278,000 miles of onshore and offshore natural gas gathering and transmission lines. All of these pipelines are subject to the Pipeline Safety Improvement Act that mandates periodic inspection and repair.

About Coastal Integrated Services:

Coastal is a multi-faceted energy company that combines the experience of its people with the strength of its alliances to create profitable projects within the energy related areas of production of oil and gas, the reduction of nitrogen and sulfur compounds in motor fuel and lubricating oils, and reclamation of existing energy infrastructures.

Forward-Looking Statements:

Forward-looking statements are subject to risks and uncertainties that could cause results to differ materially from historical experience. Such forward-looking statements are inherently uncertain and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Coastal undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof.

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