PRZOOM - /newswire/ -
Bountiful, UT, United States, 2013/10/03 - Luminart Corp. is a premier provider of aggregate, heavy hauling, infrastructure development and oil well services servicing the Bakken, Oklahoma, and Texas oil and gas fields [PINKSHEETS: LUMP] - Luminart.com.
The new company will be absorbing the equipment of the various Luminart subsidiary companies and setting up a structured lease/rent agreement with the operating entities. The new company will give Luminart the opportunity to generate an additional income stream by leasing or renting equipment that is not currently deployed.
Randy Wells will be heading up this division in addition to his current duties as C.O. O. of Luminart. He has a string of successes in the leasing industry handling everything from the Marketing and Sales to running the legal departments.
“We see this company as being a stand-alone profit center for Luminart that has tremendous potential”, commented Wells.
The new company plans to handle heavy equipment leasing for other companies and their needs in North Dakota. The company has developed relationships with over 10 funding sources.
“Most people don’t understand the North Dakota needs and subsequently don’t get the financing they need. We are in the market and can tell the story that funders need to hear”, stated Wells.
Luminart Leasing will be focusing on trucking, yellow iron, pumping and crushing equipment. We are in negotiations with a North Dakota bank in hopes of providing a local presence.
About Luminart Corp. and Its Subsidiaries
Luminart Corp. (Luminart.com) subsidiaries: B3 Well Services, White Star Sand & Gravel, OutWest Field Services, and Luminart Leasing are focused on the expansion of contract hauling materials for infrastructure development in North Dakota, mining and processing materials for road building, providing storage and hauling of pipe, supplying crane operations and qualified riggers, transporting of miscellaneous heavy equipment, well drilling and expansion of the base camps and providing structured lease/rent agreements with operating entities in the North Dakota, Oklahoma, and Texas operations, sales and marketing.
This press release may contain forward-looking statements, including, but not limited to, statements regarding Luminart Corp. and their plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Luminart Corp.'s filings with the Pink Sheets, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Luminart Corp. undertakes no obligation to update