Business News

Hemiwedge Valve Corp selects Lytle Valve as Sales Representative for its Hemiwedge(R) Cartridge Valve product line in Western Canada

2008-07-23 08:30:00

Hemiwedge Valve Corp selects Lytle Valve as Sales Representative for its Hemiwedge(R) Cartridge Valve product line in Western Canada

    CONROE, Texas, July 23 /EMWNews/ -- Shumate Industries

(OTC Bulletin Board: SHMT) announced today that its Hemiwedge Valve

Corporation division has appointed Lytle Valve Sales and Solutions Ltd. of

Edmonton, Canada, as its sales representative for Hemiwedge(R) Cartridge

valve in Western Canada. Lytle Valve is a leader in the supply of critical

service valves in challenging applications within oil and gas production,

tar sands, chemical, refinery, power and pulp industries in the region.

Sales coverage includes the oil sands rich territory of Alberta and

Saskatchewan of Canada as well as British Columbia and Manitoba.



    Mr. Ihor Nowostawsky, co-owner and manager of Lytle Valve, said,

"Imagine, a metal-seated top-entry, quarter-turn valve which can be

inspected, trim changed or repaired inline in less than 30 minutes. This is

a natural for Western Canada's heavy oil, tar sands, petrochemical and

conventional oil and gas applications." Lytle Valve is focused on providing

sourcing solutions and application recommendations for their clients.



    The Hemiwedge(R) Cartridge valve is an innovative design that

incorporates the positives features of ball, gate, plug and high

performance valves resulting in a mechanically sealing, tight shutoff valve

with a simple operation that provides outstanding longevity and performance

in a broad range of applications with minimal maintenance.



    The proprietary Cartridge technology encases all the internals of the

valve within the Cartridge and allows in-line replacements, significantly

reducing down-time and supply disruption, especially in higher maintenance

service applications containing entrained solids such as line scale, sand,

and debris.



    Stan Allen, Executive Vice President for Hemiwedge Valve Corporation,

said, "The Company crossed a major milestone with Canadian Registration of

its Hemiwedge(R) Cartridge valve product line and the signing of this new

sales partner. Lytle Valve has been serving Western Canada with a very

experienced and technically knowledgeable staff, and we are confident in

their ability to demonstrate the value of the Hemiwedge(R) Cartridge valve

to their clients." Mr. Allen further stated, "The oil sands market,

including steam assisted gravity drainage (SAGD), for our valve represents

a major opportunity for growth in the Hemiwedge(R) Cartridge valve product

line."



    Shumate Industries, Inc. is a Texas-based energy field services company

that incorporates new technologies to bring products to market leveraging

its existing infrastructure, expertise and customer channels. The Company

operates through two wholly owned subsidiaries: 1.) Shumate Machine Works,

a contract machining and manufacturing division focused in oilfield tubular

products, and 2.) Hemiwedge Valve Corporation, a proprietary new valve

technology division. The Hemiwedge division commercialized its Hemiwedge(R)

Cartridge valve product line targeting oil, gas, process and power markets

in early 2007 and is in prototype development of its Hemiwedge(R) sub-sea

high pressure valve product line and a Hemiwedge(R) down-hole valve product

line which it intends to commercialize via corporate partners. For

additional information on the Company and its products, please visit

http://www.shumateinc.com and http://www.hemiwedge.com .



    Forward-Looking Statements



    This document contains discussion of items that may constitute

forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995. Although the Company believes the

expectations reflected in such forward-looking statements are based on

reasonable assumptions, it can give no assurances that its expectations

will be achieved. Factors that could cause actual results to differ from

expectations include, but are not limited to, customer concentration risk,

difficulties in refinancing its debt, difficulties in consolidating the

operations of the Company's operating subsidiaries, difficulties in

accelerating internal sales growth, volatility of the energy business and

its effects on the Company's business, difficulties in new technology

acceptance within the energy industry, restrictive covenants in our

existing credit facilities, fluctuations in metals prices, general economic

conditions in markets in which we do business, extensive environmental and

workplace regulation by federal and state agencies and other general risks

related to its common stock, and other uncertainties and business issues

that are detailed in its filings with the Securities and Exchange

Commission. All information provided in this release and in the attachments

is as of July 23, 2008 and the Company undertakes no duty to update this

information.





Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

Related Articles

Back to top button