HENDERSON, NV, Sept. 3, 2015 (GLOBE NEWSWIRE) — Double Crown Resources, Inc. (DDCC), a fully reporting company, is pleased to announce a conditional commitment has been reached for a $1 million investment from a heavy equipment fabricator to fund manufacturing of the first 50 production units of Translock², the company’s advanced intermodal commodity transport system. This production run will be devoted to industry-specific Translock² models engineered to the specifications of the end user once their purchase order has been received. Plans are also being laid out at this time for further design, prototyping, testing and fabrication on a range of other industry-specific Translock² variants to serve in alternative roles and with many different functions.
Translock² can dramatically elevate the standards of today’s industrial commodity shipping in terms of efficiency, cost & time savings, product integrity, safety and environmental protection. The system has received significant design enhancements over the past year which have resulted in a new technological level of transport and storage capability that is unprecedented. As the viability and advantages of Translock² are proven up in initial commercial applications, Double Crown management intends to market and employ this internationally patent-pending system on a global scale across all major industries relying on containerized commodity transport.
About Double Crown Resources, Inc.
Double Crown Resources, Inc., is a public, fully reporting company in the natural resources industry. In addition to our oilfield services business, we market the patent-pending, multi-advantage container system called Translock². This system is designed for highly efficient, economical and environmentally friendly shipment of aggregate commodities to the oilfield services industry. Additionally, we hold a 100% interest in the Bateman gold and nickel prospect near Thunder Bay, Ontario, Canada. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as “will,” “anticipates,” “believes,” “plans,” “goal,” “expects,” “future,” “intends,” and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s annual report on Form 10-K for the year ended December 31, 2014 as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com.
CONTACT: Double Crown Resources, Inc.
Jerold S. Drew, CEO & Chairman of the Board
10120 S. Eastern Ave. Suite 200
Henderson, Nevada 89052
Phone: (707) 961-6016
Email: [email protected]