Southern California Telephone & Energy (SCT&E) and North Energy Central (NEC) Sign a Joint Venture Agreement With Sandcastle Petroleum, LLC., to Market Worldwide "Crude Oil, Jet Fuel and Low Sulfur Diesel" Fuels
(Marketwire Via Acquire Media NewsEdge) TEMECULA, CA -- (Marketwire) -- 11/30/12 --
Southern California Telephone & Energy announced today they have signed an agreement with Sandcastle Petroleum, LLC., of Celebration, Florida. This J.V. agreement provides Sandcastle Petroleum rights to market products such as crude oil, jet fuel and low sulfur diesel. Sandcastle plans to aggressively pursue its worldwide network of international customers to sell its fuels at competitive market prices, with prompt and continuous deliveries. Sandcastle selected Southern California Telephone & Energy, who owns a controlling interest in North Energy Central, to partner with Sandcastle for its oil, gas and energy sales. NEC has built a solid reputation in the oil and gas energy industry.
"Sandcastle Petroleum has an aggressive model to serve our customer base globally." Brothers Greg Michaels, Chairman and CEO of SCT&E, and Nick Michaels, President of International Development "are delighted to be associated with the Sandcastle team and look forward to a rapid expansion of its customer base and corporate presence with the new energy boom within the oil industry."
Carlos Troche, CEO of Sandcastle Petroleum, said, "We made a careful investigation of the market and found that Southern California Telephone & Energy and North Energy Central's track record in the oil, gas and energy industry makes it the best choice for Sandcastle to Joint Venture with."
About North Energy Central (NEC):
NEC brings together industry-leading professionals to assist utilities and energy intensive companies to cope with the rapidly changing world of rising energy costs and challenging environmental requirements. NEC integrates proprietary designs and efficient technologies while utilizing renewable, waste, or clean energy sources. Through its president Michael Medock, NEC brings nearly 40 years of domestic and international experience directing successful power generation, engineering, and construction companies around the world. Mr. Medock's experience as a principal has included business development, proposals, project and construction management as well as the supervision and direction of technical assignments in engineering, construction, planning, scheduling, cost control, estimating, plant design, procurement, fabrication, operational training and vendor, client and architect engineer/constructor liaison. Through Mr. Medock NEC has worked on over 70 electric power projects with over 2600 megawatts using fossil fuels (coal, gas, LNG, and oil) and alternative fuels, such as solar, gasification, biomass, hydro, geothermal and waste-to-energy, as well as nuclear installations and many advanced power technologies. Visit NEC at www.northenergycentral.com
About Sandcastle Petroleum LLC:
Sandcastle Petroleum, LLC. is a 100% percent USA company located in Celebration, Florida. Its core business has been the supply of gasoline and diesel fuel to independent gas stations in the state of Florida. Through the years Sandcastle has evolved its business model and is now a bulk fuel trader with a worldwide customer base in Jet Fuel, D2 and other fuel related products. Visit Sandcastle Petroleum at www.sandcastlepetroleum.com
About Southern California Telephone & Energy (SCT&E):
Southern California Telephone Company, dba Southern California Telephone & Energy, is a spin-off of Wholesale Airtime, Inc. established in 1994 by Founder and CEO Greg Michaels. In simple terms, SCT&E is a vertically integrated Telephone and Energy Company, offering discounted Legacy Voice, Data, Wi-Fi, VOIP, SIP, Cable Telephone, and Telephone Systems. The company also provides renewable energy and energy efficiency solutions, thus blending the world of electronic mediums. Additionally, SCT&E is involved in energy generation projects around the world.
Subsequent to the 1996 deregulation of the telecom industry in the United States, SCT&E took advantage of the opportunity to become a privately held, facility-based Competitive Local Exchange Carrier (CLEC) and utility under the CPUC. In addition to its CLEC status, SCT&E is also a Certified Long Distance Carrier (IXC), and a Wireless Internet Service Provider (WISP). SCT&E has one of the largest fixed wireless, or WiMax, networks in California. The company has multiple locations, with its corporate office located in Temecula, California. SCT&E has a redundant telecommunications network with switches and facilities on both coasts of the United States.
In 2011, SCT&E became an Electric Service Provider (ESP) and was granted FERC Authority allowing the company to buy and sell energy nationwide. Its Energy Division affords consumers the ability to invest in renewable energy systems to include PV Solar and its patent-pending Virtual Power Plant®.
Assistant to Greg Michaels
Southern California Telephone & Energy
Source: Southern California Telephone Company
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