SOURCE: Luminart

Luminart

April 03, 2012 09:30 ET

Luminart Corp. [LUMP.PK] Completes Acquisition of White Star Sand & Gravel LLC

STANLEY, ND--(Marketwire - Apr 3, 2012) - Luminart Corp. (PINKSHEETS: LUMP), the parent company of Black & Blue Water Service, LLC and B3 Well Services, completed the acquisition of White Star Sand & Gravel LLC today.

In order to capitalize on the full revenue potential that the company currently generates, Luminart was able to secure full control of White Star Sand & Gravel LLC and its operations in Blaisdell, North Dakota. The acquisition will provide increased expansion capability and the capacity to be more responsive to the market. The projected earnings could potentially increase the top line revenue by 50%.

"We are pleased to have completed this transaction and officially welcome the people of White Star Sand & Gravel to Luminart," said Burke Bentley, President of B3 Well Services. "There is already a strong working relationship that has been established so the transition should be very smooth. This completed transaction places Luminart in a strong position to become one of the leaders in aggregate sales in North Dakota."

About Luminart Corp. and B3 Well Services subsidiary:

Luminart Corp.'s subsidiary B3 Well Services is focused on the expansion of contract hauling materials for infrastructure development in North Dakota, mining and processing materials for road building, and expansion of the base camps in the North Dakota operations, sales and marketing.

Led by a skilled and experienced management team, the timely entrance to this quickly developing opportunity in the Bakken oil reserves has positioned the company to create more value for its shareholders and secure a strategic position for increased market share in the future.

Forward-Looking Statements

This press release may contain forward-looking statements, including, but not limited to, statements regarding Luminart Corp. and their plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Luminart Corp.'s filings with the Pink Sheets, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Luminart Corp. undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.

Contact Information

  • For more information contact:
    CFO
    Tom Maher
    Phone: (310)363-2368
    Email: Email Contact