SCOTT, La., Feb. 14, 2012 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI) (the "Company" or "ESP Resources"), an oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies, announced today that it set a new monthly sales record of $1.5 million for January 2012.
This January 2012 figure exceeds a previous record of $1.3 million set in December 2011 and represents an increase of 124% over sales of $670,000 in January 2011.
"We continue to see monthly sales reaching new heights, and expect growth to continue in the coming months," stated David Dugas, President of ESP Resources, Inc. "These increases are representative of the unique aspects of the products and services we offer and their growing demand within the industry. The added impact of our completion petrochemical products and services to our customers in the fracking business and the growth of our products and services in the Eagle Ford Shale region has not only further boosted our sales, but also indicates that we are expanding our market share. We look forward to updating the industry and the investment community as our growth continues."
About www.espchem.com/">ESP Resources, Inc.:
ESP Resources, Inc. is a publicly-traded (OTCBB:ESPI) oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company distributes its product line throughout the oil and gas producing regions of Louisiana, Texas, Mississippi, Alabama, Arkansas and Oklahoma. The Company also distributes internationally though oil and gas service companies in other prolific oil and gas well regions throughout the world. The Company's senior management has over 100 years of combined operating experience in the petrochemical industry. Any reference herein to "ESP Resources," the "Company," "we," "our" or "us" is intended to mean ESP Resources, Inc., including the wholly-owned subsidiary indicated above, unless otherwise indicated. More information is available on the Company's Website at www.espchem.com.
Legal Notice Regarding Forward-Looking Statements:
This press release contains "forward looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and actual results could differ materially from those in such forward-looking statements.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release. In evaluating these statements, you should consider the risks discussed, from time to time, in the reports we file with the U.S. Securities & Exchange Commission. For a discussion of some of the risks and important factors that could affect the Company's future results and financial condition, see the Company's Form 10-Ks and 10-Qs on file with the U.S. Securities & Exchange Commission.