SOURCE: Universal Media Corporation

October 03, 2011 13:43 ET

UMED Holdings, Inc.'s GTL Licensor, 1st Resource Group, Announces Expanded Teaming Arrangement With Reliant Global Solutions LLC for Deployment of Technology

FORT WORTH, TX--(Marketwire - Oct 3, 2011) - UMED Holdings, Inc. (PINKSHEETS: UMED) today announced that Reliant Global Solutions, Inc. (RGS) has expanded its teaming arrangement with 1st Resource Group, Inc. for advancing certain gas-to-liquids (GTL) engineering efforts with Commonwealth Engineering and Construction (Commonwealth), the engineering and design firm. Under the terms of the arrangement, RGS contributed $140,000 to UMED in exchange for certain economic participation in 1st Resource Group, Inc.'s gas-to-liquids conversion unit #1 which is under a design-build phase with Commonwealth.

"We are pleased that 1st Resource and UMED are progressing with the commercialization of the GTL technology and advancing towards unit deployment," said Kerry McCullum, president of Reliant Global Solutions.

About UMED Holdings, Inc.

UMED Holdings, Inc. (http://umedholdings.com/), located in Fort Worth, Texas, is a holding company positioned to acquire assets and companies in the energy, precious metals, aerospace, media and social media business sectors of our economy.

About 1st Resource Group

1st Resource Group, Inc. (http://1stresourcegroup.com/) located in Fort Worth, Texas, is comprised of oil and gas professionals and experts from a major university who are developing small-scale portable, modular Gas-to-Liquid (GTL) conversion units intended to help natural gas producers gain improved market advantage.

About Reliant Global Solutions

Reliant Global Solutions, LLC (http://www.reliantgs.com/) of Englewood, Colorado is an international project development company based in the Denver, Colorado area. Its international projects have included airport security systems, technology evaluation and procurement, renewable energy production, and infrastructure advisory assignments for developing country governments and industry in Asia, Central and South America, and Africa. Its URL may be found at www.ReliantGS.com.

Forward-Looking Statements

Some of the information contained in this press release contain "forward-looking statements." In many cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially as a result of risks facing UMED or actual results differing from the assumptions underlying such statements.

These forward-looking statements are made only as of the date hereof, and UMED undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in the Company's annual, quarterly and special reports, proxy statements and other public filings with OTC Markets.

Contact Information

  • CONTACT:

    UMED Holdings, Inc.
    Richard Halden
    817-346-6902