Gateway Energy Corporation Reports Entering Into a New Natural Gas Sales Agreementadmin
Gateway Energy Corporation (OTC Bulletin Board: GNRG – News; http://www.gatewayenergy.com ) announced that its wholly-owned subsidiary, Gateway Pipeline Company (the “Company”), has entered into a natural gas sales agreement with a new customer to deliver gas into the customer’s plant at the Company’s Waxahachie distribution system. The Company expects natural gas sales for this customer to commence in the fourth quarter of 2006 when the plant is expected to begin operations.
The Company’s Waxahachie distribution system delivers natural gas to a group of industrial customers in Waxahachie, Texas.
Gateway Energy Corporation owns and operates natural gas gathering, transportation and distribution systems and related facilities in Texas and Oklahoma and offshore Texas and in federal waters of the Gulf of Mexico. The Company also holds a license for a state-of-the-art, patented process for the rejection of nitrogen from natural gas streams.
Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are “forward- looking” statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words “expect”, “plan”, “believe”, “anticipate”, “project”, “estimate”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Gateway Energy Corporation