SOURCE: El Maniel International, Inc.

July 12, 2010 15:47 ET

El Maniel International, Inc. Acquires Eastern Pennsylvania Oil Terminal Through Its Subsidiary El Maniel Energy Ltd.

NEW YORK, NY--(Marketwire - July 12, 2010) -  El Maniel International, Inc. (OTCBB: EMLL) announced today the acquisition of an oil terminal located in Eastern Pennsylvania. The acquisition will include five acres of land, buildings and equipment valued at over 2 million dollars. The facility in question has a potential capacity of 24 million gallons of petroleum products per year. We plan on wholesaling fuel, diesel, heating oil and kerosene at the facility. Luzerne County has a population of over 300,000 people. We are fulfilling a need to have a wholesale distribution outlet of petroleum products strategically located in this area.

Pennsylvania is one of the foremost states in the USA that promotes alternative energy. Incentives offered by the State of Pennsylvania for the production of alternative fuels are being considered by EMLL management.

EMLL is planning on biodiesel production as part of its business model. EMLL is also investigating the possible future use of the facility in relation to the growing interest in Marcellus Shale natural gas exploration.

"Our long term future business plans include implementation of biodiesel production. Biodiesel as a home heating fuel is an overlooked market," said Jamie Khoo of El Maniel Energy Ltd.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.

Contact Information

  • Contact information:
    info@elmaniel.com
    Attn: EMLL media relations:
    580 Fifth Avenue, suite 618
    N.Y. N.Y. 10036