SOURCE: Green Oasis Environmental

December 10, 2010 16:15 ET

GRNO Reports 2010 Revenue on Target to Reflect 100% Increase Year Over Year, 50% Decrease in Expenses, With $4 Million in Assets Owned Free and Clear

Request for Slop Oil Processing Accelerating at Record Rate in 4th Quarter

EDMONTON, AB--(Marketwire - December 10, 2010) - Green Oasis Environmental Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce its wholly owned subsidiary Custom Carbon Processing Inc. (CCP) has experienced a strong year. With slightly more than 2 weeks remaining in 2010, revenues are on target to increase by 100 percent year over year with expenses decreasing by 50 percent. During the fourth quarter of 2010 slop oil processing has continued to accelerate with current and new clients. This acceleration is paving the way for a record year in revenue and net income for 2011. Currently, GRNO has 4 million dollars in assets owned free and clear. 

"During the last 12 months, we have experienced strong revenue growth while reducing expenses by 50 percent. As indicated in the 2009 financial statements recently filed with our 8-K/A, our year end expense was $1.4 million. Much of the expense was due to a one-time charge attributed to the shutdown of a plant and restructuring. We allocated $500,000 to ensure our facilities were operating at efficient levels. 2010 financials will reflect a drop in operating expense, which will in turn increase our bottom line, also known as net income," stated Peter Margiotta, President/CEO.

Mr. Margiotta further stated, "We are focusing on having our 2010 fiscal year financial statements audited and are planning on releasing each quarter into the market as it is completed, and it is part of our goal to keep our investors and the public updated, while maintaining a strong and fundamentally sound company. We anticipate 2011 to be a record year in revenue and net income due to the continued increased in customers, slop oil processing, sale of slop oil, rising oil prices and substantial reduction in operating expenses in 2010."

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