HINSDALE, Ill., May 12, 2010 (GLOBE NEWSWIRE) -- Voyager Petroleum, Inc. (Pink Sheets:VYGO), a leading mid-market petroleum-based brokerage, processing and distribution company, announced today that it has had success with the Pilot Program shipping petroleum-based products in the Caribbean through its wholly-owned subsidiary Monarch Petroleum, Inc.
The pilot program implemented to transport petroleum products via shipping vessels, beginning with Diesel Fuel (D-2) to various locations throughout the Caribbean has been a successful one. The company has sold approximately 900,000 gallons and recently decided to expand its shipping program to include customers located in Central and South America.
Sebastien Dufort, CEO for Voyager Petroleum, commented, "The company plans on expanding our current shipping program in this region and is also structuring a pilot program that focuses moving petroleum-based products domestically via rail."
About Voyager Petroleum, Inc.
Voyager Petroleum, Inc. is a publicly traded mid-market petroleum-based brokerage, processing and distribution company involved in procuring a variety of supply streams for processing and distributing lubricants to the $11 billion US market. The Company provides privately labeled and wholesale eco-friendly petroleum-based products to end-users including small to mid-sized fuel blenders, refineries as well as the automotive and manufacturing markets. Management's goal is to deliver high quality products at an affordable price to its customers. Voyager's strategy is to build shareholder value through joint ventures, acquisitions and growth. The Company seeks target companies that might save costs or generate greater revenue from increased capital expenditures, vertical integration or wider distribution channels.
Forward-Looking Statements
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The actual results of the future events described in the forward-looking statements in this document could differ materially from those stated in the forward-looking statements due to numerous factors and other risks identified in filings made by the company filing with the Securities and Exchange Commission. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.