HENDERSON, NV -- (Marketwire) -- 03/26/13 -- Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), today announces a new strategic alliance with the Chemical Division of American International Sealing, LLC (www.aisealing.com). Agreements have been signed making Double Crown an authorized dealer with full marketing rights in the United States for vital chemical additive products used by completion companies to assist drillers with hydraulic fracturing, bioremediation and pipeline chemical cleaning functions. Additionally, exclusive rights have been granted for distribution in Venezuela of PRP/OIL Buster, a proven petroleum remediation product invented by NASA. This product is a key element of a high value contract now in preliminary negotiations with Petróleos de Venezuela (PDVSA) to remediate oil spills and help protect the natural environment.
Under the new strategic alliance with American International Sealing, Double Crown will now be able to provide its petroleum industry customers with a wide range of important chemical products. All the products are made from high quality, 100% U.S. raw materials under cost-controlled manufacturing processes. These products include the following:
•Antibacterial Agent - Eliminates bacteria in the water that produce corrosive byproducts. •Clay Stabilizer - Prevents the formation clays from swelling. •Friction Reducer - Slicks the water to minimize friction. •Corrosion Inhibitor - Prevents corrosion of the pipe. •Iron Control - Prevents precipitation of metal in the pipe. •PH Adjusting Agent - Adjusts and controls the PH of the fluid in order to maximize the effectiveness of other additives such as crosslinkers. •Scale Inhibitor - Prevents scale deposits downhole and in surface equipment. •H2S Scavenger - Eliminates Dihydrogen Sulfide. •Bonding Catalyst - Bonds Curable Resin Coated Proppants. •Bio-Blast-Enviro-Clean Degreaser - Biodegradable Non Hazardous Degreaser for oilfield equipment.
The chemicals used in hydraulic fracturing (fracking) serve many functions during the process. There are only a limited number of chemicals used in each operation even though hundreds are available as potential additives. These chemicals make up less than 1% of the total fluids used in the process but add greatly to the efficiency and yield production of petroleum fracking operations.
Regarding these latest developments, Director of Business Development and Strategy, Antonio B. Castillo, commented, "Since I recently joined Double Crown Resources I have been working to bring my extensive experience and contacts in the area of petroleum production chemical additives and related products into quick employment to increase the company's capabilities and advance specific contracts. The new alliance we have now put into place with American International Sealing represents a significant enhancement of our ability to serve our customers with more of the vital commodities they need for high efficiency and environmentally safer operations. This alliance is also very timely as its establishment is directly supporting new contract developments including a large project for distribution in Venezuela of the PRP/OIL Buster product exclusively by Double Crown Resources. We look forward to releasing more detailed information including revenue projection numbers in upcoming announcements." Also, American International Sealing's Director of Sales, Chad Froechtenicht, stated, "We are very enthusiastic about our new working relationship with Double Crown Resources. All the current attention and media exposure including the upcoming Terry Bradshaw national television program should be very positive for our mutual business plans."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com
Double Crown Resources, Inc.
President and CEO
2312 N. Green Valley Parkway, Suite 1026
Henderson, Nevada 89014
Phone: (707) 961-6016
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