Jul 2 2010
ESP Resources, Inc.(OTC Bulletin Board: ESPI) announces the signing of a Joint Venture Agreement with McFreeport Corporation, located in Maurice, LA, and ESP Petrochemicals, a wholly-owned subsidiary of ESP Resources, Inc.
ESP Petrochemicals will supply chemical treatment technology, certified staff (technicians, engineers and field supervisors), chemical treatment technology, chemical mixing, pumping and delivery equipment, and laboratory analytical services.
As a Government Services Administration Prime Contractor and Administrator, McFreeport Corporation will monitor state and federal sites for applications and uses of the joint venture's supply and service capabilities. The company also is a designated disabled veteran corporation and maintains 8a certification, and provides services and expertise in the fields of soil remediation, oil spill cleanup and in-situ operations.
ESP Petrochemicals product line and project management skills will provide additional support to McFreeport's expertise in the soil remediation and oil spill cleanup markets. ESP Petrochemicals will assist McFreeport in the procurement of business opportunities within companies like Exxon Mobil Corporation, Chevron Corporation and ConocoPhillips, who have established programs that obtain products and services from 8a and disabled veteran designated companies.
"The joint venture between McFreeport Corporation and ESP will be of mutual benefit to each company," said David Dugas, President of ESP Resources, Inc. "The establishment of our joint venture is timely considering the growing environmental disaster in the Gulf of Mexico. We plan an aggressive expansion by seeking opportunities for our products and services within federal, state and local government environments for the remainder of 2010 and 2011. We believe that the ESP team of experienced sales and service technicians coupled with our superior petrochemical product line will assist in the deployment of our contract procurement strategy."