23 Oct 2008 10:52
23 October 2008
HYDRODEC GROUP PLC ("Hydrodec" or the "Company")
FIRST BULK OIL SALES FROM NEW CANTON REFINERY
Hydrodec is pleased to announce the first bulk shipment of SUPERfine oil from the recently commissioned refinery in Canton, Ohio. This follows product approval by the customer in Maryland and further deliveries to customers in Iowa and Mississippi are expected soon.
Chairman John Gunn commented: "The first shipment of SUPERfine oil from our Canton refinery is a significant milestone in Hydrodec's commercial development. The Company is expected to become cash positive in the very near term as a result of the Canton operations."
For further information please contact:
Hydrodec Group plc
John Gunn, Chairman +44 20 7621 5774
Numis Securities Limited +44 20 7260 1000
Nominated Adviser: Simon Blank
Corporate Broker: David Poutney / Alex Ham
Curve PR +44 208 742 1597 / +44 7764 197003
Emma Davis