SOURCE: NRG Resources, Inc.

March 06, 2006 08:00 ET

Russian Railway Successfully Tests TVT 24-7

SANTA ANA, CA -- (MARKET WIRE) -- March 6, 2006 -- NRG Resources, Inc. (OTC: NRRI) announced today that the Department of Capital Development of the Russian Railways approved full-scale diesel engine testing of NRGZ 24-7 based on the positive results obtained on laboratory testing.

The Russian Scientific Research Institute of Railroad Transportation, an internationally acclaimed research facility, completed the testing. The study was initiated to determine the improved component wear and function characteristics of TVT 24-7 (formerly NRG 24-7) when added to different lubricants used by the Russian railroads, and also studied these characteristics when used with different paired metals.

The conclusion of the report states, "Based on positive results of laboratory tests, we approve the diesel oil M14B2 comprising 7% of the metal conditioner NRGZ 24-7 lubrication for trials on full-scale diesel engines."

The Institute's report also contains observations concerning startling reductions in wear characteristics of certain metals. For example, the report states that NRG 24-7 at 7% additive reduces wear of cast iron and alloy A020-1 by one order of magnitude (90%), does not influence the wear of nitride steel, and cuts the wear of bronze by several hundred percent.

Other tests indicate that as little as 3% NRG 24-7 when added to lubricating oil significantly reduced the operating temperatures of the oil by 75 degrees Fahrenheit.

Having inherited a massive operating infrastructure, the Russian Railway is an extensive organization, spanning eleven time zones and containing almost as much railroad tracks than the rest of the world combined. The Russian Railway has indicated that it plans to begin full-scale diesel engine tests.

"We believe that the positive results obtained by The Russian Scientific Research Institute of Railroad Transportation will move us closer to a long-term lubricant supplier relationship with the railroads, and put us on the fast track with other state and private sector organizations in the CIS," remarked Tony Vanetik, CEO of NRG Resources, Inc.

NRG Resources, Inc. has a licensing agreement with Green Star Products, Inc. (see GSPI press release dated Nov. 2, 2005, "GSPI Completes Joint Venture To Distribute Lubrication Products Worldwide") and produces the antifriction products from a new blending and bottling facility in Chula Vista (San Diego County), California.

About NRG Resources, Inc.

Orange County, California-based NRG Resources, Inc. is a business that manufactures and markets a proprietary line of oil additives and lubricants for industrial and commercial applications. The Company also owns a wholly owned subsidiary, NRG Resources Kazakhstan, Inc., whose principal activity is the exploration of oil and gas in Kazakhstan. For more information, please visit the Company's website at www.nrglc.com or send an email to info@nrglc.com

Forward-Looking Statements.

This announcement contains forward-looking statements, which can be identified by the use of forward-looking terminology such as "may," "expect," "anticipate," "estimate," "continue," "believe," "plan," "hope, "intend," or other similar words. We have made forward-looking statements with respect to the following, among others: our goals and strategies; our ability to earn sufficient revenues to operate and retain the human resources that we have recruited or are in the process of recruiting; our ability to continue to operate and/or develop our existing lubricants business; our ability to continue as a going concern. These statements are forward-looking and reflect our current expectations. These forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond our control. Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although NRG Resources, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Investors are cautioned that all forward-looking statements involve high risks and uncertainty, including without limitation, our limited operating history, the costs and risks of exploring and developing new oil and natural gas reserves, our continued operations of our lubricant business, our future capital needs, our ability to retain qualified management and consultants, etc. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward-looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all of the risks, include our ability to obtain future sales, our ability to successfully integrate acquisitions, changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors, costs related to legal and administrative matters, our ability to realize cost savings expected, inefficiencies related to production that are greater than anticipated, changes in technology and technological risks, foreign currency fluctuations, increased fuel costs, the presence of downturns in customer markets where the company's goods are sold, financial and business downturns of our customers or vendors, and other factors, uncertainties, challenges. NRG does not intend or undertake any obligation to update any forward-looking statements.

Contact Information

  • Contacts:
    NRG Resources, Inc.
    Heip "Alex" Trinh
    714-689-9100
    Vice President, Business Development

    Or

    Jesse Blum
    Friedland Corporate Investor Services LLC
    Tel. 303-468-1287

    For additional information on NRG Resources, please visit
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