SOURCE: Green Oasis Environmental, Inc.

December 02, 2010 08:00 ET

Green Oasis Environmental Files Form 8-K, Along With Unaudited Financial Statements for Fiscal Year 2009; Audited Financials to Be Prepared and Filed for 2010

EDMONTON, AB--(Marketwire - December 2, 2010) -  Green Oasis Environmental, Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce that on Wednesday, December 1, 2010, at 2:55 p.m. Eastern Time, the Company filed a Form 8-K along with unaudited financial statements for the fiscal year 2009, through the Securities and Exchange Commission's Edgar filing system. This Form 8-K, along with the financial statements may be viewed electronically through the Securities and Exchange Commission's web site at http://www.sec.gov, and under the Company's name, Green Oasis Environmental, Inc.

In Green Oasis Environmental, Inc.'s attempt to keep the public informed, the Form 8-K has addressed numerous events occurring within the Company during the years 2009 through 2010 to date. Management is now in the process of having its 2010 financial statements audited and online. This action is part of Mr. Margiotta's continued focus on moving to the more liquid Bulletin Board exchange as quickly as possible.

Mr. Margiotta stated, "We appreciate everyone's patience while we completed our financial statement for 2009. We are currently in the process of preparing our 2010 audited financials. The information will be forwarded to our new accounting firm shortly." Mr. Margiotta further stated, "We remain focused on transparency, growth and profitability. It is our hope, that our current, and future, investors will hold our vision of a more prosperous Green Oasis and an overall cleaner environment."

Green Oasis -- "Green today for a stronger tomorrow"

About Green Oasis Environmental, Inc.

Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of their facilities or at a customer's site by way of implementing its portable processing technology.

About Custom Carbon Processing Inc.

Custom Carbon Processing Inc. (CCP) is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that CCP has developed, CCP is able to process slop oil (unrefined, non saleable oil) into pipeline standard crude. Its first facility has proven its capabilities to process up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, CCP sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.

In addition to its Wyoming facility, CCP is currently planning expansion of its processing technology into Montana and North Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.

For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit www.greenoasisenvironmental.com or contact Investor Relations at (877) 207-3370.

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

Contact Information

  • Contact:
    Investor Relations
    Taylor Capitol, Inc.
    Stephen Taylor
    (877) 207-3370
    Email Contact