SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

August 04, 2014 09:15 ET

Umbra Applied Technologies Group's, Intrepid Energy, Commences Oil Sales

SHORT HILLS, NJ--(Marketwired - Aug 4, 2014) - Intrepid Energy, a subsidiary of Umbra Applied Technologies Group (OTC: UATG) announced today that it has begun to sell oil. The oil sale comes from the company's Bales lease consisting of 80 acres within the company's Mississippi Lime portfolio in southeastern Kansas. Justin Herman, CEO, of Intrepid Energy, commented, "This is quite an accomplishment for such a young company. It's a modest beginning as we work towards achieving our ultimate goal of creating an energy farm." The company anticipates further oil sales and is working towards diversifying its production with natural gas sales.

Alex Umbra, Chairman and Chief Executive Officer of Umbra Applied Technologies Group, stated, "The rapid progress at Intrepid Energy is truly remarkable. Reaching revenue point by early August puts us ahead our initial projections and, serves to motivate the company to work harder, and further exceed expectations. We look forward to taking the next step and integrating our Greentech products so that they may work synergistically with our current oil production."

With the collaboration of the of its sister company UAT, Intrepid Energy is poised to become one of the first oil producers in the world to produce crude oil almost entirely with a zero carbon footprint. The proposed wind farm and alternative energy R&D facility in Kansas is scheduled to be operational by the end of 2015 and is projected to produce enough clean electricity to support drilling and pumping operations.

About Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc. is a diversified, leading edge technology company with a forward 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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