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Resource Group International Inc.: Resource Group Announces Its Planned Entry Into the Enhanced Oil Recovery Market in Brazil

^{Published on 2009-07-27 04:07:09, Last Modified on 2009-07-27 04:07:17 - Market Wire}
 

PRAEKASA MUENG, THAILAND--(Marketwire - July 27, 2009) - Resource Group International Inc. (PINKSHEETS: [ RSGR ]), a leading global provider of a patented steam generated enhanced oil recovery technology for extraction of heavy oil for secondary oil recovery, is pleased to announce the Company has entered preliminary verbal discussions with a major oil producer in Brazil. The verbal agreement includes terms whereby Resource Group will joint venture with Brazil-Co to utilize its EOR technology on some of its less productive wells.

The joint venture has agreed to test the technology on several wells and if the results are as we anticipate, then the EOR technology will be expanded to include all of the wells that Brazil-Co has that can benefit from the use of EOR methods. There are over 13,000 wells in Brazil alone.

"This is the first of what we anticipate is many international business relationships that we will be working towards in the coming months and years ahead. With EOR opportunities on every continent in the world and 10s of thousands of potential wells as targets, the revenues and profits projections are astronomically huge for us," stated Gregory J. Curry, President and CEO.

About Resource Group International Inc.

Resource Group International is a multi-faceted corporation that is developing businesses in the energy, power and food sectors around the world. Resource Group specialized in the research, discovery, development and commercialization of proprietary technologies that will enhance the production and efficiency of business in the energy and food sectors. Resource Group's goal and vision is to become a major player and the world's leading developer of breakthrough products in the energy, power and food businesses.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.