MONTREAL, April 23, 2007 (PRIME NEWSWIRE) -- Beluga Composites Corporation (Pink Sheets:BGCC) is pleased to announce that it has received the first order to supply its underground FRP storage tanks to Downstream Operating companies of Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) for the new service stations which they will be constructing in Jakarta, Indonesia.
"This first order is another major milestone for us as it again confirms that our leading edge UL/ULC certified tanks and manufacturing technology are now well accepted by the major players in the petroleum distribution sector and we are anticipating receiving further orders in the very near future," stated Mr. Dean Panofsky, CEO of Beluga Composites Corporation.
About Beluga Composites Corporation
Beluga Composites Corporation (www.belugacorporation.com) is a manufacturer of fibreglass reinforced plastic (FRP) underground storage tanks (UST) for petroleum products, related accessories and oil/water separators. Its wholly owned subsidiary, Panox Petroleum Products is a member of the Petroleum Equipment Institute and has developed and owns the manufacturing technology which has been granted the Underwriters Laboratories UL 1316 and ULC-615-S certifications for these environmentally safe tanks.
The Beluga Composites Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1604
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.