EAST HANOVER, NJ–(05/17/12)- Unity Management Group (UYMG.PK), a business resource and service company, today announced that its recently acquired subsidiary, On Track Technologies Solutions Inc., has acquired, and completed building, more than $500,000.00 worth of work over rigs, heavy equipment, service equipment and trade tools.
This will allow On Track Technologies Solutions Inc. to start testing their technology for commercialization. The acquisition of the work over rigs, equipment, and tools strategically positions On Track Technologies Solutions Inc. to capitalize on existing technologies in the oil industry through joint ventures and services for hire with third party companies.
On Track Technologies Solutions Inc. is currently in discussions with producers, companies, and state agencies to develop farm outs, acquisition opportunities, and contracts for fee-based services, which will generate revenue for the company. The equipment should take the company from development phase to commercialization.
President Eddie Schilb of On Track Technologies Solutions Inc. said, “It appears we are at the right place at the right time, with the right equipment and access to technologies to support what appears to be the next big boom; we will be working diligently to capitalize on the opportunity.” He went on to say, “The EOR program is a very hot and exciting area in the oil and gas industry today. The company believes that the technologies it is using and developing during the current boom of EOR, Nitrogen and CO2 treatments with other proprietary chemicals will give On Track Technologies Solutions Inc. an edge over the large number of traditional oil producers and service companies.”
“There have been estimates provided to On Track that there is approximately 190 Billion Barrels of Stranded oil and Gas that will not be recovered without a successful technology or EOR program in the US,” said Michael Oliver, President of Unity Management Group Inc.
Among oil producers “there is a tremendous push to convert from water flooding to CO2 flooding,” says Tim Bradley, president of Kinder Morgan. “Right now, there is big activity in the market in oil fields in Texas, Wyoming and Mississippi.”
Oil producers pump CO2 deep into oil fields, where the gas mixes with and swells the crude, decreasing its viscosity and enabling it flow more freely, greatly increasing recovery over the traditional water-flooding method. Doug McMurray, Kinder Morgan’s vice president of minerals business, points to examples of oil wells where production was increased by as much as 20,000 barrels per day through CO2 flooding. “There are formerly dead fields in Mississippi where wells had dried up that are now able to produce up to 4,000 barrels per day with CO2 flooding,” McMurray says.
Metropolitan Computing Corp. (or MCC) is a wholly owned subsidiary, and will maintain their offices at 6 Great Meadow Lane, East Hanover, New Jersey.
On Track Technology will maintain its existing corporate offices in Eustace, Texas.
About Unity Management Group, Inc.
Unity Management Group, Inc. maintains a network of contacts in the financial community. Our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.
Unity Management Group, a business resource company, will continue to provide innovative management services that offer high value and significant return on investment through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians’ offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please go to our websites which can be found at
www.unitymanagementgroup.com
www.mcc-online.com
www.ontracktechnology.net
About On Track Technology Solutions:
On Track Technologies Solutions Inc. is a service, heavy equipment and production company. They develop solutions through their R&D department and through the services department. They work with other service companies and are available to perform services and provide equipment to their company fields after acquisition, to third party companies for hire and for state and regulatory agencies projects. On Track combines existing technologies for production equipment, EOR equipment, Treatments (chemicals, CO2, Nitrogen and mixtures) and processes to provide unique solutions and enhancements for service, hydrocarbon production, and building of structures/infrastructures. On Track Technologies Solutions Inc. may identify service and acquire energy properties with previously discovered known oil and gas reserves that have not either been fully produced, or fully developed and defined. They will accomplish this through joint venture, farm outs, acquisition, third party service fee, or other means, utilizing new and existing proprietary technologies. Additionally they will be providing equipment, performing heavy equipment construction work in multiple industries, and providing multiple services, depending on the needs of a project. On Track believes the oil gas industry and EOR segment is a rapidly booming field; On Track expects to generate profit in in this field as well in other fields of operation.
On Track Technology Inc. uses multiple patent technologies for Enhanced Oil Recovery (EOR) gas treatment. We will use this patented technology with other proven EOR technology currently used in the industry. Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and On Track Technology Inc.’s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma.
NEW YORK, May 4, 2012 — Elray Resources Inc. (ticker ELRA.OB) announced today that it has entered into an agreement to acquire all of the outstanding shares of Golden Match, a company incorporated in the British Virgin Islands, following a letter of intent which was signed on March 22, 2012.
