SOURCE: Green Mountain Development Corp

Green Mountain Development Corp

May 06, 2011 10:00 ET

Green Mountain Development and C. Trade Announce Pennsylvania Oil Terminal Project

CARLSBAD, CA--(Marketwire - May 6, 2011) - Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS: GMND), announced today that C. Trade and the company have entered into an agreement with a C. Trade client to review the plans for business development, rehabilitation and operation of the Beach Haven Oil Terminal located in the City of Berwick (Luzerne County), Pennsylvania. The company will review existing environmental reports, site assessments, and alternative product strategies and recommend business startup logistics for the client.

The facility has five above-ground storage tanks with a capacity of over 2.5 million gallons. Previously the terminal received refined products from pipelines, barges and trucks and distributed petroleum products to third parties for delivery to home owners and commercial outlets. This facility has extensive connections to the eastern pipeline system.

Brehm commented, "With higher oil prices and the increasing local demand for alternative fuel products, C. Trade CEO, Nick Kontonicolas, brought this business opportunity to the table for consideration as a future joint venture operations project. As a first step, our companies will be acting as business oversight consultants to review the startup costs, operations strategy and profit potential from various fuel products such as bio-diesel. The project will establish Green Mountain operations in fuel distribution logistics on the East Coast working with C. Trade's existing logistics network."

About C. Trade Group
C. Trade Group and affiliates have interests in energy exploration and logistics, real estate, transportation and technology with affiliated offices in New York, Shanghai, California, Calgary, Athens, Jinzhou, China and Abu Dhabi.

About Green Mountain Development Corp
Green Mountain Development Corp has licensed products and services related to the energy and environmental sectors.

Please feel free to visit our corporate website for more news and updates.

The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a development stage company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.

Contact Information