JPO Solutions Inc. (Formerly MOP Environmental) Inks Distribution Agreement with HYNAC Oil & Gas of China
New Fulfillment Center Opens in Denton, TX
FAIRFIELD, CT / ACCESSWIRE / October 8, 2015 / James O'Brien, CEO of JPO Solutions Inc. (OTC: MOPN), formerly MOP Environmental Solutions, today announced the signing of a five-year distribution agreement with HYNAC Oil and Gas of Beijing, China. The agreement is the first agreement to emerge from a two-day meeting on September 14 and 15 sponsored by the company in Houston, Texas. The meeting brought together 7 high-level distributors and investors in the Oil and Gas industry from Asia, Canada and the United Kingdom. The HYNAC agreement commits the Chinese distributor to a multi-million dollar sales and distribution contract over five years.
"We are very excited about the agreement with HYNAC Oil & Gas," said CEO O'Brien, "which will kick off with the shipment of 40 foot containers in early to mid October. We expect it will be only the first of as many as six agreements to launch our international sales and distribution efforts, creating critical mass in three separate regions of the world."
New Fulfillment Center Launched in Texas
"Here in the U.S.," O'Brien continued "we have launched our new packaging with very good feedback and we have just established our third Fulfillment Center in Denton, Texas, just outside of Dallas." There will be another Center opening in Houston by the end of October and soon to follow are Colorado and California.
"On September 24 we signed on and held a training day for nine new, experienced, successful sales representatives in the Automotive, Municipality, Oil & Gas and Waste Water Treatment Industries. They will be serviced by the new Fulfillment Center. As sales grow in the area we will develop the Fulfillment Center into a Manufacturing Depot to serve an expanded region."
"This fulfillment Center," continued O'Brien, "is the first of many that we will be developing around key sales regions. Where sales are rigorous enough we will create additional Manufacturing Depots and Fulfillment Centers. All this is part of our new strategic growth plan."
"Also part of that plan was a meeting held recently with oil service companies in Texas, Colorado and the surrounding region. Our goal is to be on a substantial number of Rigs by January and we have every reason to believe we will."
"Finally," said COO Joel Stockford, "next week 10,000 bags of JPO are being filled, using our attractive newly designed bags, for near term sales. In our estimation we are ready and positioned for an explosion of growth in the last quarter and on into 2016."
JPO Solutions, Inc (formerly MOP Environmental Solutions, DBA JPO Absorbents) is a public company doing business under the ticker symbol MOPN. The company is the producer and supplier of extremely effective "environmentally safe" absorbents, primarily for the oil, gas and chemical industries, since 2010. Our line of products include the fastest, most "earth friendly" absorbents on the planet, in a $6.1 Billion worldwide absorbents market.
In May 2013, the publicly traded company MOP Environmental Solutions, Inc (Ticker symbol: MOPN) completed a merger with JPO Companies Inc. to become MOP Environmental Solutions Inc. d/b/a JPO Absorbents. The full merger was completed July 2014. JPO is now in the midst of the next phase, unifying its corporate brand and position in the market utilizing its exceptional product line, to serve as a powerful growth engine, and establishing the baseline for the development of new products for horizontal markets.
HYNAC Oil & Gas: http://www.laochem.com/
JPO Solutions Inc.: www.JPOSolutionsinc.com
Forward-looking statements in this news release are pursuant to safe harbor provisions of Section 21E of Securities Exchange Act of 1934. Investors are cautioned that statements in this release are not strictly historical statements, including without limitation, management's plans and objectives for future operations, assessment of market factors, statements regarding strategy, company plans and its strategic partners. These constitute forward-looking statements, are not guarantees of the company's future performance and are subject to risks and uncertainties, such as funding for machinery and materials, success in acquiring customers, maintaining needed government relationships, and successfully executing a business plan, which could cause the company's actual future results to differ materially from the forward-looking statements.
JPO Solutions Inc.
SOURCE: JPO Solutions Inc.