ORLANDO, FL, April 24, 2018 (GLOBE NEWSWIRE) -- Majestic Oil & Gas, Inc. (OTC PINK: MJOG) today announced that its subsidiary, ATC Holdings, Inc., has been awarded two major Purchase Orders from two separate companies, and successfully completed the first project in the month of March. The first job was commissioned by International Paper, Inc., one of the world’s leading producers of fiber-based packing, pulp and paper, with over 52,000 employees operating in more than 24 countries*. This job was successfully completed and billed at $50,000.
The second job was awarded by West Rock, Inc. via a purchase order for $157,000. The project, which lasts several weeks, will begin in the next couple of weeks, and take several weeks to complete. West Rock is one of the largest papermaking, packaging design, and retail solutions manufacturing firms. West Rock has over 45,000 team members and more than 300 manufacturing facilities, design centers, research labs, and sales office around the world**.
"ATC Holding’s growth objectives for 2018 are on track. We expect to have many more purchase orders coming in over the next few weeks, and are working hard to increase revenue for 2018, over last year,” said Calvin Lewis, president of Majestic. “Projects such as these help us as we strategically build and strengthening our company's capabilities over time” he concluded.
About ATC Holding, Inc.
ATC was established in January 2013, as a Florida based company founded from the legacy of the Staples Brothers, who from 1976 specialized in maximizing the holding capacity of a wide range of industrial vessels through recovery, recycling, or cleaning. These concepts were applied to other holding areas, such as industrial ponds and lagoons. Our patented machinery, equipment, tooling, and accessories have made us unique in the industry. ATC will take their proven techniques and equipment and make them even more effective and safer with the latest robotic and cobotic technologies. The Company was originally focused in the Southeast U.S. to serve the Pulp and Paper Industries. ATC are experts in providing problem-solving technologies and solutions for ponds and lagoons of all types, specializing in removal of dense and viscous material not easily removed by conventional methods. ATC has expanded its services to include working with industrial storage tank cleaning problems, particularly the removal of heavy residue from large diameter vessels. We have cleaning systems that can be used while the tank is still in operation, without the necessity for tank entry. Our patented “Soap Recovery Bucket” is the only portable system on the market capable of removing the valuable soap, and restoring lost capacity in a cost-effective manner. This creates a safer, more cost-effective solids removal. During outages, we provide equipment that slurries the sludge to return to use. We also grind up the material and send it down a vacuum system, to a waiting truck. For ATC to continue its profitability and growth, we will develop new markets and expand manufacturing and service capabilities over the next five years.
About us Majestic Group Holdings, Inc.
Majestic Group Holdings company was created to acquire and build a portfolio of some of the best companies in the Cannabis Market Today. With demand rising, and the industry booming, legal marijuana operators and companies in the cannabis industry are racing to develop new products and services, acquire land and other assets to enable the enhancement of drastically increasing revenue streams and production capabilities. We bring the best management available to expand these companies to their maximum growth, and potential. Majestic has, and continues to acquire companies that will create tremendous synergies, bring additional revenue, and provide the greatest structure possible, so the Company can deliver the strongest values for their shareholders.
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
Sources. Majestic Group Holdings, Inc.
*www.internationalpaper.com