SOURCE: Luminart

Luminart

September 18, 2012 07:30 ET

Luminart Corp. [LUMP.PK] Subsidiary OutWest Field Services Establishes Master Service Agreement (MSA) With EMS

STANLEY, ND--(Marketwire - Sep 18, 2012) - Luminart Corp. (PINKSHEETS: LUMP) announced the recently established master service agreement with Energy Maintenance Services (EMS). EMS, based in Houston, Texas, is a premier and reputable company in pipeline services, integrity management and plant & power services. OutWest is currently providing trucking and hauling services, as well as onsite dirt work and trenching for their most recent project. With revenue conservatively ranging between $60K and $140K per month, the agreement is already proving to be highly profitable with a much more promising future ahead. Negotiations are already underway for an estimated $1.5 million dirt work project in Cheyenne, Wyoming.

"We knew that when we brought OutWest Field Services division manager Mike Phillips into our organization, good things were going to happen," said Luminart President Burke Bentley. "He is the main reason we were able to form a relationship with EMS and establish the MSA. To have a world class organization like EMS give us this type of agreement is a tribute to the solid reputation that is now associated with our company and is a credit to our aggressive pursuit of new contracts." 

About Luminart Corp. and Its Subsidiaries:

Luminart Corp.'s subsidiaries: B3 Well Services, Black And Blue Water 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