MCW Enterprises (MCW.V) Pioneering Revolutionary Environmentally - Friendly Oil Sands Extraction Technology Plus Profitable Fuel Distribution Is Featured In Flaherty Special Situations
MCW Energy Group Limited (TSXV:MCW)
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WEST HARRISON, N.Y., Nov. 20, 2012 /PRNewswire/ -- MCW Enterprises Ltd. (TSX VENTURE: MCW) (MCW.V), which is changing its name to MCW Energy Group Ltd., is featured in the November 19, 2012 issue of Flaherty Special Situation Newsletter. This Canadian holding company has assembled a profitable, booming California fuel distribution division – MCW Fuels (est. 1938) whose revenues should exceed $1 billion in fiscal 2014 with a breakthrough, environmentally-friendly oil sands extraction start-up which will demonstrate how to tap Utah's billions of reserves locked up in its oil sands resources. MCW then intends to license the oil sands extraction technology globally. To implement this integration, retired Exxon Arabian Gulf President, Dr. R.G. "Jerry" Bailey has become CEO of the company. Success would be of enormous importance to the U.S.A. with this new extraction technology assisting America's move toward energy independence.
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About Flaherty Financial News Inc.
Flaherty Financial News Inc. ("FFN") is the publisher of totally-electronic coverage of the neglected small –cap and micro-cap markets. It was launched in February 2007 by the "legendary financial editor" Bob Flaherty, Editor and Chairman of Flaherty Financial News Inc. and his son Brian, President and Publisher. While previously serving as Chairman and Editor of Equities Magazine for twenty-five years and also Editor-in-Chief of Equities Special Situations, which had one of the most consistent and highest ranked long-run performance records measured by Hulbert Financial Digest. He is also an award-winning retired Senior Editor of Forbes Magazine, where he wrote 33 cover stories, two shy of the all-time record. He was also Chairman of The Over-The-Counter Securities Fund. Bob Flaherty is a Magna Cum Laude graduate of Harvard College in economics and also has an MBA with a Distinction in Finance from Harvard Business School. A former president of the New York Financial Writers' Association, Bob is a co-founder of their annual student scholarship program and their annual award for significant long-term achievement in financial journalism.
About MCW Enterprises soon to change its name to MCW Energy Group Ltd.: MCW, through its wholly-owned subsidiary, MCW Energy Group Limited, is focused on value creation, as (i) a distributor of gasoline and diesel fuels to service stations in Southern California for over 60 years, having revenue,in the fiscal year ending August 31, 2011, of US$241.5 million, and (ii) a developer of proprietary technology for the extraction of oil from sand and shale at its first field in the Uinta basin of Utah, USA. MCW's management team is comprised of individuals who have extensive knowledge in both conventional and unconventional oil and gas projects and production, as well as refinery and fuel distribution experience. For additional information on MCW, please visit their website www.mcwenergygroup.com.
This news release contains "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of l995) regarding MCW Enterprises Ltd. and its future business plans. These statements involve known and unknown risks and uncertainties. Such risks and uncertainties may cause actual results and future achievements of MCW to be materially different than those implied by these forward-looking statements. Flaherty Financial News Inc. and MCW have and undertake no obligation to provide public updates and revisions to these forward-looking statements to reflect any changes in its expectations of future events.
Flaherty Financial News Inc.
Brian D. Flaherty, President and Publisher
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