SOURCE: High Velocity Alternative Energy, Inc.

March 11, 2008 09:07 ET

High Velocity Alternative Energy (HVAG), Inc. Signs $1,000,000 Distribution Contract With Master Price Distributors

BEDFORD PARK, IL--(Marketwire - March 11, 2008) - High Velocity Alternative Energy, Inc. (PINKSHEETS: HVAG) announced today they have received a purchase order to supply up to $1,000,000 of products to Master Price Distributors. Master Price is a major supplier to the gas station/C-store industry covering all automotive related products including all motor oil and lubricants.

The purchase order will consist of both private label and proprietary brands of High Velocity Alternative Energy, Inc. The products included are: packaged oil, anti-freeze and windshield washer fluid.

"High Velocity has demonstrated the ability to meet all of our needs and Master Price expects to increase our volume two to three fold in the upcoming quarters," said Carlos Silva, Chief Executive Officer of Master Price Distributors.

About High Velocity Alternative Energy, Inc.

High Velocity Alternative Energy (HVAG), Inc. is a middle market petroleum-based lubricant company specializing in the refining, blending, packaging, and distribution to the automotive and manufacturing aftermarket with established regional distribution channels. HVAG has recently started utilizing technology to capitalize on renewable energy and lubricant sources by recycling spent oils and glycols. High Velocity's 40,000 square foot plant is conveniently located outside Chicago with access to interstate and rail access.

Forward-Looking Statements

This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.

Contact Information

  • Contact:
    High Velocity Alternative Energy, Inc.
    (708) 496-9710
    Richard D. Carter
    Chief Executive Officer