(PRWEB) July 15, 2005
PST Ltd. "the Company" has signed an exclusive sales agreement with STC Ltd. for the territories of Vietnam, Laos, and Cambodia. STC has the sole and exclusive sales rights to PSTÂs products within the territories outlined above. STC intends to market PSTÂs products to refinery facilities, storage facilities, and governmental facilities among others.
The Vietnamese government has undertaken efforts to increase security in public areas, most notably at airports, governmental and corporate buildings, and foreign/international organization sites. The private sector has seen the most significant rise in orders for security products and services as some are upgrading existing systems with new technologies. In addition a US$500 million oil refinery project is in the works. The oil refinery, with a capacity of 3 million tonnes of crude oil a year, will cover a site of 50 ha in Tuy Hoa district, next to Vung Ro deepwater port. Experts point out that oil pipelines could be built from Vung Ro to the Central Highlands, southern Laos and northeastern Cambodia. PST plans to take full advantage of its new relationship in the region.
About the Company: PST Ltd. is a global security and technology firm covering the oil & gas industry. The company has offices in the major oil producing regions around the world. PST is an international firm built by veteran oil industry engineers and provides vital technologies to the oil & gas industry. By developing and licensing cutting edge technologies, PST delivers a cost effective solution for securing infrastructure facilities such as oil pipelines, gas pipelines, oil exploration facilities, oil refineries, nuclear power plants, electrical power plants, water treatment plants and government facilities.
The statements in this press 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. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
This press release contains forward looking statements. In particular, when used in the preceding discussion, the words "plans", "confident that", "believe", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.
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