HENDERSON, Nev.--(BUSINESS WIRE)--Nov. 5, 2013 -- Double Crown Resources, Inc. (OTCQB:DDCC), a fully reporting company (hereinafter, "Double Crown"), is pleased to announce that plans are moving forward to finalize a contract for the company's 1st major project to supply strategic minerals for oilfield drilling operations in association with the Master Purchase Agreement (MPA) initially announced on October 23rd. The materials customer is meeting with Double Crown management this week in Houston to finalize details of their development stage sales agreement so that it may be converted into a formal contract that can be signed very soon. The customer's representatives will also be able to see, for the first time, our completed Transprop AGG aggregate materials transport system which has now arrived in Houston and is set-up for functional demonstrations at a location just minutes from Double Crown's new marketing office there.
This 1st commercial contract for Double Crown's new oilfield service business plan is expected to begin a substantial long-term revenue stream for the company. The specific project being advanced this week is for monthly industrial quantity shipments of key strategic minerals needed for petroleum drilling operations. This contract will be structured for a 2 to 5 year period. Double Crown will ship the mineral commodity products from the company's recently leased processing plant in New Orleans, LA. As soon as possible, these shipments will begin employing the company's new, single transfer Transprop AGG container system designed to significantly improve the overall efficiency of aggregate material transport and delivery. Current production plans for the Transprop AGG will allow for at least 250 units to be available for commercial use in the 1st quarter of 2014. An expected addition of 250 more units per month is planned going forward.
President Allen Lopez stated, "Everyone at Double Crown Resources has worked very hard to bring us to this milestone point in our company's development. We are eagerly looking forward to commencing commercial oilfield service operations involving our executed Master Purchase Agreement for strategic minerals and converting initial sales plans we have been working on with our first customer into a formal contract at this time. When signed, this contract will be linked to an already established Letter of Credit (LOC) with a major financial institution. Most importantly, with the first introduction of Double Crown's Transprop AGG container units being put into working applications, a major advancement will be made available to the global shipping industry. Transprop AGG will give our customers very significant improvements in aggregate material handling and transport with its advantages in efficiency, economics, time savings and environmental protection. We are looking forward to demonstrating to the world, Transprop AGG's great potential for raising the level of shipping quality in all these ways."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & 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/
Forward-Looking Statements
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/.
