SOURCE: Luminart

Luminart

May 17, 2012 07:30 ET

Luminart Corp. [LUMP.PK] Newly Created Division OutWest Field Services LLC Gains Approved Vendor Status for Thomas Tools

STANLEY, ND--(Marketwire - May 17, 2012) - Luminart Corp. (PINKSHEETS: LUMP) announced the finalization of approved vendor status with Thomas Tools for its new division, OutWest Field Services LLC. OutWest will specialize in the storage and hauling of pipe, moving of miscellaneous heavy equipment, and supplying crane operations and qualified riggers for the oil industry in North Dakota. As an approved vendor for Thomas Tools, OutWest will provide pipe hauling services at $125.00 per hr. and crane services at $400.00 per hr. for an estimated $150,000.00 per month in revenue to start. Other services, which are still under negotiation and pending due diligence by parties involved, could more than double the monthly revenue for OutWest in a matter of a few months.

Luminart President Burke Bentley stated, "We're not only adding a new division to our company, but we're also adding a key individual to our growing organization. What division manager Mike Phillips brings to the table in terms of knowledge and expertise is invaluable. Mike has 28 years of experience in building pre-cast construction, crane facilitation, and heavy equipment transportation. Mike is a huge asset to the company and adds a necessary component to our continued diversification in the industry."

"Joining the Luminart organization and managing its newly created division, OutWest Field Services LLC is a phenomenal opportunity," said Mike Phillips, owner and founder of OutWest C&E Inc. "North Dakota is streaming with revenue potential in so many areas and the addition of this division definitely broadens the scope of one of North Dakota's most aggressive companies in the infrastructure development industry."

About Luminart Corp. and Its Subsidiaries:

Luminart Corp.'s subsidiaries: B3 Well Services, White Star Sand & Gravel, and OutWest Field Services are focused on the expansion of contract hauling materials for infrastructure development in North Dakota, mining and processing materials for road building, providing storage and hauling of pipe, supplying crane operations and qualified riggers, transporting of miscellaneous heavy equipment, 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:
    Investor Relations
    William A. Broad
    Phone: (801)458-4692
    Email: Email Contact