Due to the expected $1 Trillion infrastructure spending bill being proposed by President Trump, Turner is targeting a variety of assets in its initial acquisition and build up initiative. Bitumen tankers and ships, along with the purchasing/leasing of import/export facilities, asphalt refineries, distribution facilities, and related businesses are all being targeted by Turner. The current number of ships being negotiated for purchase by Turner stands at 8, up from the most recent 5 ships when the transaction was first announced, with plans to increase the fleet size up to a potential 30 vessels. Please refer to a press release dated August 10, 2017 for more details. Infrastructure Assets
Furthermore, in an effort to maintain full disclosure and remain as open and candid as can be, the company would like to remind investors that it has never publicly said, either via a press release or a filing, what specific ships are being acquired. That would be counterproductive as it would divulge information that could hurt negotiations and give a competitive advantage to others. As has been disclosed publicly in the above press release, Turner has been in contact/negotiations with a number of different entities regarding not only ships, but also infrastructure equipment and facilities. So there are many different companies and assets involved in the acquisition Turner is making.
Related to this, the Company has used and will use various images, links, and reference materials to build its website. These will be used to inform its shareholders and prospective investors of the coming acquisition. Turner wants to make it clear that any images currently on the bitumen tanker website at bitumentankers.com are not necessarily the images of the ships Turner is in negotiations to buy. The company will publicly reveal the names of the ships once the deal has been closed.
Existing shareholders and prospective investors can sign up to receive company news, announcements and investor updates at http://bitumentankers.com/signup/.
About Turner Valley Oil and Gas, Inc.
Turner Valley Oil and Gas, Inc. (pending name change to Turner Venture Group, Inc.) (OTC:TVOG) is a business holding company, with a historical focus on energy related holdings. The Company’s acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the shipping, real assets, energy, infrastructure, enterprise technology, and manufacturing segments.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
Steve Helm, CEO
Turner Valley Oil And Gas, Inc. (pending name change to Turner Venture Group, Inc.)
Investor Relations: Matt Kochendorfer – Matt@turnerventuregroup.com