[ACCESSWIRE]
New Canadian Distributor will Handle Sub-Distributors Throughout Canada
FAIRFIELD, CT / ACCESSWIRE / October 21, 2015 / James O'Brien, CEO of JPO Solutions Inc. (OTC: MOPN), formerly MOP Environmental Solutions, today announced that a week of demonstrations at oil rigs in Colorado has been rewarded with 8 new rigs signing on with JPO/MOP. "Just these 8 rigs represent almost $1,000,000 of business per year," said O'Brien. "We expect to sign up another 11 from other regions in January."
A drilling rig, also sometimes referred to as an "oil rig" or an "oil or drilling platform" is the principle means for harvesting oil on both land and water. JPO provides product to these rigs for regular maintenance uses, allowing them to safely dispose of their primary waste, in the most economical process on the market.
"Our JPO and MOP products are the most cost-effective products on the market and are also the most environmentally responsible and sustainable," said O'Brien. "So it should come as no surprise that people are excited about them. But even we were surprised by the extent of our success. We are converting about 70% of those we pitch into regular customers. These numbers are very, very exciting."
JPO's focus on these "maintenance" uses of their products lines, which provide regular and ongoing business opportunities - rather than only for spills and other environmental emergencies is a key part of its new long-term strategic plan.
New Canadian National Distributor Signed
"We are very pleased to announce," said COO Joel Stockford, "that we have signed on a national distributor for Canada. Stockford, who came aboard only recently as JPO/MOP Chief Operational Officer, has already demonstrated his capabilities by negotiating the national distribution agreement with a Chinese company. This agreement with the Canadian company commits them to developing a national corps of sub-distributors to cover Canada from east to west."
"The structure of the agreement will also reduce our shipping costs for already existing customers," said Stockford, "because the national distributor will act as the fulfillment agent for those sales, allowing us to consolidate smaller orders into larger shipments and reducing our per-unit cost for shipping and customs."
"In the last three weeks alone, we have developed almost two million dollars of new business," O'Brien continued. "I said last month that we are positioned for an explosion of growth and this is the first sign of that. There is no doubt that the partnership with MOJO Energy and especially signing on Joel Stockford is going to pay huge dividends for us and for our shareholders."
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 sorbents 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.
Links:
About Drilling Rigs: https://en.wikipedia.org/wiki/Drilling_rig
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.
Contacts:
JPO Solutions Inc.
877.483.7575
SOURCE: JPO Solutions Inc.
