MIHL NEWS! 12/14/2012
MONTAGUE INTERNATIONAL HOLDING LTD. (MIHL) NEW DEVELOPMENTS
Dec 14, 2012
OTC Disclosure & News Service
Philadelphia, PA -
- MIHL today announced today that it had finalized its registration with the National Futures Association as Commodities Pool Operator. This is significant step toward the development of MIHL Hedge Fund business. Additionally MIHL had announced the forming of a Broker/Dealer subsidiary Montague Global Investments Ltd. Robert Ringold VP of MIHL stated “our vertically integrated financial services group will work to serve the expanding financial markets and to bring to the investors new investment products and opportunities in both domestically and internationally”
MIHL continues to develop its oil refining business. To that end MIHL had entered into a Joint Venture agreement with Scientific Manufacturing Company 21 Century (OOO “NNP 21 Century”) of Krasnoturinsk Russia to establi s h a manufacturing facility in the United State to modular crude oil refining plants with capacity ranging from 50,000 mt to 1 million metric tons. NNP 21 Century is a multifaceted holding company which consists of research and development, manufacturing, and installation subsidiaries specifically dedicated to bring to the market cutting edge technology developed by Russian scientist to meet the challenges of today’s refining business. The equipment to be manufactured in the United States will allow for ecologically sound installations that will be able to use shale and oil sands derived crude as raw materials. The modular constructions allows for quick startup on limited budgets for companies that want to get into the refining business with easy expansion possibilities. MIHL will be the majority partner in the Joint Venture. The Managing Director of NNP 21 Century, Dr. Sergey Endaltsev stated “We are happy to be bringing new technology and jobs to the American Market in a venture with a vibrant and company such as MIHL”. MIHL’s CEO Larisa Saltsova went on to say “We are happy to be bringing an estimated 60 new jobs to the State of Pennsylvania and look forward to becoming a reliable partner and supplier in the growing domestic shale oil industry.” The deal is valued at $12 million dollars.
For more information or to schedule an interview please contact us at 215 774 1591 or via email at investorinfo@montagueholding.com
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