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Green Processing Technologies, Inc. Enters Into Oil Joint Venture

^{Published on 2010-08-30 12:55:20 - Market Wire}
 

ST. GEORGE, Utah--([ BUSINESS WIRE ])--Green Processing Technologies, Inc. (Pink Sheets: TMGR) announced today that the Company has entered into a second long-term Joint Venture Agreement with Edmonton, Canada, based CREEnergy Oil & Gas Co. The Joint Venture is for the purpose of development of the Canupaawakpa in-field oil reserves located in Manitoba, Canada.

"This agreement moves GPTI forward on several technology implementation fronts. It also positions the Company as a long-term partner of CREEnergy in mutually beneficial and environmentally friendly development of natural resources in Canada."

When asked to comment about this second JV Agreement with CREEnergy, Chairman/CEO Stephen D. Cummins replied, aThis agreement moves GPTI forward on several technology implementation fronts. It also positions the Company as a long-term partner of CREEnergy in mutually beneficial and environmentally friendly development of natural resources in Canada.a

Green Processing Technologies, Inc. is first and foremost a Green Technology development, fabrication and commercialization corporation. GPTI technologies include Power Generation, Oil and Sand Processing, Oil Shale Processing, Inland and Salt Water Oil Spill Remediation, Water Remediation, Water Desalinization and Medical Waste Remediation, and E-Waste Remediation.