New York, NY , Sept. 19, 2017 (GLOBE NEWSWIRE) -- Mr. David Lifschultz, CEO and Chairman of Genoil, Inc. (OTCQB: GNOLF) interviews on the Uptick Network Stock Day Podcast with host Everett Jolly. With Genoil having the ability to convert heavy oil into light oil, Mr. Lifschultz discusses that the largest deposits in the world are heavy oil, what the value is for this type of oil and explains the incremental value of this conversion that the company can accomplish. Mr. Lifschultz discusses Genoil’s oil conversion deal out of Saudi Arabia and the banking arrangement with China to make these two deals a closed circuit. Continuing the interview, Mr. Lifschultz discusses the sulfur problem in the shipping industry, overviews the sulfur contamination, regulation of this and what Genoil is offering to this industry. Furthermore, Mr. Lifschultz highlights the major $50 billion dollar LOI in Russian and clarifies the letter of intent for the China development project.
In closing of the interview Mr. Lifschultz states, “The potential of the technology as we shift to heavy oil is Genoil could be a Google or an Apple in the oil industry and Genoil could convert half the oil production in the world and produce most of the oil that most of the world could be using. That’s the potential of Genoil. It could be a facilitating technology to tap the heavy oil reserves and become a very major corporation in the world.”
To listen to the full interview please click here or the following link: https://upticknewswire.com/featured-interview-ceo-david-lifschultz-of-genoil-inc-otcqb-gnolf
About Genoil Inc.:
Genoil is a publicly quoted clean technology engineering company for the petroleum industries. Genoil is headquartered in New York City, with offices in Constanta Romania, and Dubai & Abu Dhabi. Genoil has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping. The GHU can be placed in remote locations, including receiving terminals, pipelines and ports. The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site in Alberta, Canada.
To watch the Fox Business interview with CEO Mr. David Lifschultz please click here or the following link: https://youtu.be/kl2AjpIhrqo
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Source: Uptick Newswire