BAY HARBOR ISLAND, FL, Jan. 02, 2018 (GLOBE NEWSWIRE) -- Majestic Oil & Gas, Inc. (OTC PINK: MJOG) is pleased to announce it has executed a definitive agreement with the Palatka, FL-based ATC Holding, Inc. We will be filing ATC financials which we are proud to announce will show our sales were over $2 million for 2017. “Our results over the last year demonstrate a strategy that is working and a solid foundation for growth; the opportunity now is to accelerate this momentum and build on our strengths. ATC Holdings will work closely with Bakken and synergize both companies to aid in the development and distribution of their Dora™ product. Currently, we have a projected pipeline of over $17 million in projects for 2018, and are working to secure additional contracts and potential acquisitions as the year progresses,” said Wilford “Pete” Petersen, President of ATC Holdings Inc.
In 2017, the company completed its first Acquisition:
Our Bakken subsidiary has an exclusive licensing agreement with for the patented Dora™ remediation technology, a biodegradable product used in the cleanup of oil spills, and protection against leaks in containers used to transport oil. Bakken is in the hydrocarbon remediation business. They were acquired primarily due the potential of their patented remediation product Dora™, which permits in ground remediation of hydrocarbon contamination at a significant cost saving versus current methods and products.
Our second acquisition in 2017 was ATC Holding Inc.:
ATC was established in January 2013, as a Florida corporation, founded from the legacy of the Staples Brothers, who from 1976 specialized in maximizing the holding capacity of a wide range of industrial vessels through recovery, recycling, or cleaning of those vessels. These concepts were utilized in other holding areas, such as industrial ponds and lagoons. Utilizing their patented machinery, equipment, tooling, and accessories have made ATC unique in the industry. Having originally focused on the Southeast U.S., and serving the Pulp and Paper Industries, the Company looks to expand both nationally and into complementary industries which require similar services and expertise. ATC will, utilizing their proven techniques and equipment, coupled with the latest robotic and co-robotic technologies, make their equipment and processes even safer and more effective.
Forward-Looking Statement for MJOG.
- Majestic Oil and Gas will have four Subsidiary companies;
- Completed acquisitions so far: Bakken Acquisition and Investment Company, and ATC Holdings, Inc.;
- ATC expects to establish an operational center for the Northeast USA paper/pulp mills (perhaps Glens Falls, New York) projected for mid 2018;
- Continue a joint venture with ACCL to complete the design and build of a robotically controlled dredge by June 1st, 2018;
- Add a Vacuum-truck service fleet by August 31st, 2018;
- Create an operational center for the Northwest USA by January 1st, 2020
About ATC Holding, Inc.
ATC was established on January 10, 2013, as a Florida was founded from the legacy of the Staples Brothers, who from 1976 specialized in maximizing the holding capacity of a wide range of industrial vessels through recovery, recycling, or cleaning. These concepts were utilized in other holding areas, such as industrial ponds and lagoons. Our patented machinery, equipment, tooling, and accessories have made us unique in the industry. ATC will take their proven techniques and equipment and make them even more effective and safer with the latest robotic and cobotic technologies. Having originally focused in the Southeast U.S., serving the Pulp and Paper Industries. ATC are experts in providing problem-solving technologies and solutions for ponds and lagoons of all types, specializing in removing dense and viscous material not easily removed by conventional methods. ATC has expanded its services to include working with industrial storage tank cleaning problems, particularly the removal of heavy residue from large diameter vessels. We have cleaning systems that can be used while the tank is still in operation, without the necessity for tank entry. Our patented “Soap Recovery Bucket” is the only portable system on the market capable of removing the valuable soap, and restoring lost capacity in a cost effective manner. This creates a safer, more cost effective solids removal. During outages, we provide equipment that slurries the sludge to return to use. We also grind up the material and send it down a vacuum system, to a waiting truck. For ATC to continue its profitability and growth, and develop new markets, will expand its manufacturing and service capabilities over the next five years.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.