SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

July 30, 2014 09:15 ET

UATG Subsidiary, Intrepid Energy, Acquires New Acreage

SHORT HILLS, NJ--(Marketwired - Jul 30, 2014) - Umbra Applied Technologies Group, Inc. (OTC: UATG) -- Intrepid Energy Corporation has procured a vital location within the oil and gas rich area of Southeastern Kansas. The newly acquired asset is nestled in what often times are referred to as the Kansas Ozarks, gateway to the Flint hills of Kansas. The Jones lease is 160 acres with strong geological records that reflects great promise oil and gas production. Intrepid Energy CEO Justin Herman commented, "This acquisition is helping build our acreage portfolio and we are excited about the geological promise that this purchase contributes to plans."

Alex Umbra, Chairman and CEO of Umbra Applied Technologies Group applauded the acquisition saying, "This location will be yet another valuable location for UAT's GreenTech Division to test some of its advanced alternative energy platforms and add to the potential of the Mississippi Lime formation currently under management within the UATG portfolio of companies."

Domestic oil and gas production has grown each year the President has been in office, with domestic oil production currently higher than any time in two decades; natural gas production is at its highest level ever; and renewable electricity generation from wind, solar, and geothermal sources has doubled. Combined with recent declines in oil consumption, foreign oil imports now account for less than 40 percent of the oil consumed in America -- the lowest level since 1988. "I believe UATG will be a very big contributor to reducing this country's dependency on foreign oil," said CEO Justin Herman.

About Umbra Applied Technologies Group, Inc.
Umbra Applied Technologies Group, Inc. is a diversified, leading edge technology company with an intrepid vision in the fields of alternative energy, conventional energy, medical innovation, environmental remediation, weaponry, and compound recognition technologies which are marketed toward homeland security.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to any issue or concern. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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