COLDSPRING, Texas, Feb. 13, 2014 (GLOBE NEWSWIRE) -- BenchMark Energy Corp. (OTC Pink:BMRK), a refiner and supplier of Glycerin for commercial processes, announced it has projected total Glycerin shipments for the month of January at approximately 1.1 million pounds.
In addition to the pending antifreeze launch, BenchMark's core Glycerin operations continue to move forward, with January shipments projected at 1.1 million pounds. Although delays were experienced due to the unprecedented cold and snowy weather throughout North America, Glycerin operations continued on pace with shipments being filled to their key vendors.
January Glycerin shipments were achieved by both railcar and freight delivery, and were mainly focused in the Southern region of the United States and Northern Mexico. The Mexico contract signed in January constituted nearly one-third of the realized Glycerin loads.
OTC Markets Listing Status
The Company expects to file the appropriate documents shortly with OTC Markets to upgrade its listing back to "current".
Fourth Quarter Guidance
As a bulk supplier of both refined and raw Glycerin, BenchMark Energy receives its revenues on a per pound basis traded to their vendors. The Company expects to file its fourth quarter operational results with OTC Markets, and anticipates that it will also provide revenue projections for both the fourth quarter of 2013, and the first quarter of 2014.
As of Jan. 2014, the Company had approximately 23.5 million common shares issued and outstanding, with a public float of around 1.1 million shares.
Photos of our Timberline Antifreeze product brand are now available on our official Twitter account at http://twitter.com/BenchMarkE.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge." – Our mission statement starts the story, but the rest is available at http://benchmarkenergy.com.
SAFE HARBOR STATEMENTS
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT: INVESTOR RELATIONS Ashlee Guzman Phone: (832) 691-0011 Email: email@example.com
Source:BenchMark Energy Corporation