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World Oil Group, Inc. Completes Transaction with MDN Peru, S.A.C and MDN.COM ERIL to Acquire 49% of Each Company
World Oil Group Has Sold Two More Tanks of Crude Oil to Ergon Refinery DEBARY, FL / ACC...
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[{"type":"text","content":"World Oil Group, Inc. Completes Transaction with MDN Peru, S.A.C and MDN.COM ERIL to Acquire 49% of Each CompanyWorld Oil Group Has Sold Two More Tanks of Crude Oil to Ergon Refinery\nDEBARY, FL / ACCESSWIRE / October 2, 2015 / World Oil Group, Inc. (PINKSHEETS: WOGI) is pleased to announce it has completed a transaction with MDN PERU S.A.C and MDN.COM ERIL heavy equipment operators in Lima, Peru. \nWorld Oil Group, Inc. would like to welcome MDN Peru and its staff to the WOGI Group of Companies. \nWorld Oil Group, Inc. is proud to announce it's first of more to come acquisitions by creative financing that does not dilute its shares, but is truly a value add to World Oil Group, Inc. and its shareholders. \nWorld Oil Group entered in to a Securities Exchange Agreement with both MDN PERU and MDN.COM and exchanged 500,000 shares of WOGI's restricted common stock for a 49% interest in each company. WOGI has also agreed to reinvest $125,000 of its share of the revenue generated back into each company. \nThe transaction brings assets to the books of WOGI along with revenue from ongoing existing operations from two companies. WOGI will help grow MDN operations to into multiple markets in the construction, mining and government contracting services in Peru and the surrounding countries. \nWOGI's CEO Nathan Hall is no stranger to construction, heavy equipment and emergency management, he has a background as a Class A General Contractor including telecommunications/military satellite (Quality Assurance Evaluator-QAE-Contract Office Representative/communications installer) and Direct Broadcast Satellite installation from the US Army and in his civilian life. He can bring his experience and consulting in working in overseeing and evaluating opportunities for WOGI South America's diverse operations. WOGI South America, S.A.A. is diverse company in Petroleum, Mining, Agricultural, Commodities, Business Services and Real Estate & Construction. It's the base to grow in Central & South America. \nPeru plans to implement projects in excess of 43 billion dollars over the next five years and to develop these projects the country will require equipment, and considering that these projects only use 30% of their costs in equipment, they will spend 13 billion dollars in earthwork and cargo handling equipment used. Therefore, the demand for high...