HENDERSON, NV, Nov. 5, 2015 (GLOBE NEWSWIRE) — Double Crown Resources, Inc. (DDCC), a fully reporting company, is very pleased to announce that the oilfield resource service customer which placed its first commercial order for $1 million of industrial minerals earlier in 2015 has now signed a Master Purchase Agreement (MPA) for a 3 year period with an additional 2 year option. This MPA was executed on the conclusion of our initial pilot program and now approves Double Crown as an authorized vendor for ongoing industrial commodity supply orders. The customer has business operations in the U.S. as well as many other locations throughout the world and services a wide range of both onshore and offshore oilfield drilling operations. Double Crown is currently engaged in shipping industrial minerals from its established mining sources with the most recent ocean cargo load leaving port this week.
Regarding this milestone development CEO Jerold S. Drew commented, “Our Double Crown Resources team has worked very hard for many months to prove to the marketplace that we have access to the highest quality industrial commodities and also the logistical capabilities to deliver on large commercial orders. The MPA just signed by one of our best customers confirms that we have achieved that goal. We now anticipate regular orders for industrial commodities from this customer going forward over the next several years. In other news this week, which is no less significant, I would like to inform our DDCC shareholders that the commercial launch of the advanced, Translock² intermodal container system is also moving forward at this time. The CAD engineered drawings for the industry-specific units requested by our first Translock² customer are in final stages and the first production run for these units should be able to commence within the next 30 days. More information on these developments will follow in upcoming announcements. As we head for 2016 with major progress on our commodity supply business as well as the unparalleled Translock² container system, I could not be more optimistic for the future.”
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.
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: firstname.lastname@example.org