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JFK Oil Terminal Corp. announces updates

New York - (NewMediaWire) - May 14, 2015 - JFK Oil Terminal Corp. is pleased to update its partners, vendors and prospective customers that it has secured further financing in its recent offering which will enable various projects to go ahead. Mr. Walczak, CEO and Mr. Shainberg, V.P., have been actively pursuing our goal of water treatment of natural gas frac fluids at its Pennsylvania facility.

During the past months the company has entered into arrangements with various natural gas firms in adjacent counties to clean their frac water. Mr. Walczak looks forward to a 7 million dollar revenue stream in our first year. The entire process is time, engineering and capital intensive but we believe that the main issues of infrastructure and location ,that we already possess, are key elements to future success. Water is integral to shale gas and there is a growing market, estimated to be worth up to $100 billion in the United States, for wastewater treatment.

We have also entered into agreements with equipment manufacturers for both reverse osmosis and vapor compressors to be installed at the facility. These systems are standard in the industry.  We thank our investors and our  joint venture partner, Bayport International Holdings, Inc., as well as the Pickens organization for their support. We anticipate  that our synergies will create a substantial company that will meet the needs of the natural gas industry.

We also are looking forward in participating at several industry shows, including the  Marcellus Midstream Conference, as well as  the Marcellus Shale Insight, that will showcase our various projects including the JV at our Pennsylvania facility.