HINSDALE, Ill., Dec. 5, 2007 (PRIME NEWSWIRE) -- Voyager Petroleum Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announced today that its subsidiary, Monarch Petroleum, Inc., has leased a high-speed piston-filled bottling line for the Company's Detroit processing facility. Monarch shall have the option to purchase the bottling line upon the expiration of the three-year lease period. Management believes Monarch's access to its own bottling equipment will increase productivity, boost efficiency and drastically cut costs. The newly acquired line has the capacity to package 5,000 cases of finished product of motor oil, ATF and other petroleum-based products per eight-hour shift and is anticipated to be placed in use by the end of the year. Voyager is currently leasing the facility and management anticipates that a closing to purchase the property shall take place on December 31, 2007, provided all necessary documentation is obtained. It is anticipated that another wholly-owned subsidiary, 600 S. Deacon LLC, will purchase and Monarch Petroleum will operate the Detroit facility which is 20,000 square feet and is located on 3.5 acres. The Detroit facility encompasses a processing plant, warehouse space and offices with railroad access and multiple loading docks. The plant houses 22 outside storage tanks and 32 inside storage tanks with heating capabilities for a total storage capacity of over 700,000 gallons. The Company intends to use the plant for processing, drying, and bottling reclaimed used oil as well as blending premium oil.
Sebastien C. DuFort, Voyager's President stated, "With three of our biggest customers in the Detroit Metro area, we look forward to better serving both their packaging and processing needs in the very near future."
About Voyager Petroleum
Voyager Petroleum seeks to acquire reputable middle market petroleum based lubricant companies and/or facilities that are capable of refining, blending, bottling, and distributing to the automotive and manufacturing after market.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.