Worldwide PetroMoly Announces Retail Sales Agreement With 33 Stores of Bennett Auto Supply Chain.
28 October 1997
Worldwide PetroMoly Announces Retail Sales Agreement With 33 Stores of Bennett Auto Supply Chain.
HOUSTON, Oct. 28 -- Bennett Auto Supply, based in Oakland
Park, Florida, has entered into a retail supply agreement with Worldwide
PetroMoly Inc.(OTC-Bulletin Board: MOLY) to purchase and market PetroMoly
motor oil and lubrication products.
Bennett has 40 stores throughout central and southern Florida, and will be
placing PetroMoly in 33 locations to start expanding out to the remaining
stores with in the next two or three truckload-sized purchases.
"We are very pleased to be entering the automotive after-market with a
substantial organization such as Bennett Auto Supply," says Gil Gertner,
Chairman of Worldwide PetroMoly. "Our business plan for the first year was to
focus on the industrial market with its smaller, more manageable customer
base, and in year two, once our technology was proven and accepted by some
well known companies, we would enter phase two, and obtain a retail presence.
With this retail exposure, we have now entered the next phase. We do however,
plan on keeping a focus on the industrial sector, as its potential is enormous
and very promising, and now it can also feed off of a retail demand as well,"
adds Gertner.
Worldwide PetroMoly, located in Houston, manufactures, markets and
distributes high-performance lubricants for use in all types of motor
vehicles, compressor engines and railroad locomotives. PetroMoly products
contain stable and suspended molybdenum disulfide (moly) that involves a new
patent-approved technology. Moly is a slick and powerful antioxidant, known
to have the world's lowest coefficient for friction.
For more information please contact Gil Gertrer, Chairman, at 1300 Post
Oak Blvd, Suite 1985, Houston, TX 77056, Tel 713-629-8300, Fax
713-626-3839, or you can visit their website at http://www.petromoly.com
SOURCE Worldwide PetroMoly Inc.