ESP Resources Enters Into Supply Agreement for Mexico
Management Expects New Sales to Exceed $10 Million in 2013, $30
Million in 2014
THE WOODLANDS, TX -- (Marketwire) -- 02/21/13 -- ESP Resources, Inc.
(OTCBB: ESPI) (the "Company" or "ESP Resources"), an oil and gas
services company, announced today that, through its wholly-owned
subsidiary ESP Petrochemicals, Inc., it has entered into a Reseller
and License Agreement (the "Agreement") with RGV Petroleum, LLC in
McAllen, TX ("RGV") for the supply of certain of the Company's
products in Mexico. Under the Agreement, RGV is obligated to obtain
field service contracts for the supply of the Company's chemicals to
several clients in Mexico and is targeting, among others, the world's
second largest non-publicly listed company and one of the largest
service companies in Mexico. ESP Resources will also be providing
technical support engineering for onsite guidance and training to RGV
that will be billed on an as-needed basis.
David Dugas, President of ESP Resources, said, "The value of this
contract is expected to exceed $10 million in 2013 and ramp up to $30
million in 2014. We anticipate revenues from this agreement to begin
in March of 2013."
Mr. Dugas added, "We will also be testing a 300,000 plus barrel per
day water injection plant in the Southeast oilfields of Mexico with
RGV, and we expect additional revenues from this facility to start in
the second quarter of 2013."
For more information regarding this announcement, please refer to the
corresponding Form 8-K filed with the Securities and Exchange
About ESP Resources, Inc.:
ESP Resources, Inc. is a publicly traded oil and gas services company
(OTCBB: ESPI) headquartered in The Woodlands, Texas. Through its
subsidiaries, the Company manufactures, blends, distributes and
markets specialty chemicals and analytical services to the oil and
gas industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for onshore
and offshore production, gathering, refining facilities and pipelines
designed to optimize performance and increase operators' return on
investment. The Company's senior management has over 100 years of
bined operating experience in the oil and gas services industry.
More information is available on the Company's Website at
Legal Notice Regarding Forward-Looking Statements:
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actual results could differ materially from those in such
Readers are cautioned not to place undue reliance on the
forward-looking statements made in this press release. In evaluating
these statements, you should consider the risks discussed, from time
to time, in the reports we file with the U.S. Securities & Exchange
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condition, see the Company's Form 10-Ks and 10-Qs on file with the
U.S. Securities & Exchange Commission.
ESP Resources, Inc.
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