Hemiwedge Valve Corp selects Lytle Valve as Sales Representative

Tag : Natural Gas Valve
Shumate Industries (OTC Bulletin Board: SHMT) announced today thatits Hemiwedge Valve Corporation division has appointed Lytle ValveSales and Solutions Ltd. of Edmonton, Canada, as its salesrepresentative for Hemiwedge(R) Cartridge valve in Western Canada.Lytle Valve is a leader in the supply of critical service valves inchallenging applications within oil and gas production, tar sands,chemical, refinery, power and pulp industries in the region. Salescoverage includes the oil sands rich territory of Alberta andSaskatchewan of Canada as well as British Columbia and Manitoba.
Mr. Ihor Nowostawsky , co-owner and manager of Lytle Valve, said, "Imagine, ametal-seated top-entry, quarter-turn valve which can be inspected,trim changed or repaired inline in less than 30 minutes. This is anatural for Western Canada's heavy oil, tar sands, petrochemicaland conventional oil and gas applications." Lytle Valve is focusedon providing sourcing solutions and application recommendations fortheir clients.
The Hemiwedge(R) Cartridge valve is an innovative design thatincorporates the positives features of ball, gate, plug and highperformance valves resulting in a mechanically sealing, tightshutoff valve with a simple operation that provides outstandinglongevity and performance in a broad range of applications withminimal maintenance.
The proprietary Cartridge technology encases all the internals ofthe valve within the Cartridge and allows in-line replacements,significantly reducing down-time and supply disruption, especiallyin higher maintenance service applications containing entrainedsolids 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 Registrationof its Hemiwedge(R) Cartridge valve product line and the signing ofthis new sales partner. Lytle Valve has been serving Western Canadawith a very experienced and technically knowledgeable staff, and weare confident in their ability to demonstrate the value of theHemiwedge(R) Cartridge valve to their clients." Mr. Allen furtherstated, "The oil sands market, including steam assisted gravitydrainage (SAGD), for our valve represents a major opportunity forgrowth in the Hemiwedge(R) Cartridge valve product line."
Shumate Industries, Inc. is a Texas-based energy field servicescompany that incorporates new technologies to bring products tomarket leveraging its existing infrastructure, expertise andcustomer channels. The Company operates through two wholly ownedsubsidiaries: 1.) Shumate Machine Works, a contract machining andmanufacturing division focused in oilfield tubular products, and2.) Hemiwedge Valve Corporation, a proprietary new valve technologydivision. The Hemiwedge division commercialized its Hemiwedge(R)Cartridge valve product line targeting oil, gas, process and powermarkets in early 2007 and is in prototype development of itsHemiwedge(R) sub-sea high pressure valve product line and aHemiwedge(R) down-hole valve product line which it intends tocommercialize via corporate partners.
This document contains discussion of items that may constituteforward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Although the Companybelieves the expectations reflected in such forward-lookingstatements are based on reasonable assumptions, it can give noassurances that its expectations will be achieved. Factors thatcould cause actual results to differ from expectations include, butare not limited to, customer concentration risk, difficulties inrefinancing its debt, difficulties in consolidating the operationsof the Company's operating subsidiaries, difficulties inaccelerating internal sales growth, volatility of the energybusiness and its effects on the Company's business, difficulties innew technology acceptance within the energy industry, restrictivecovenants in our existing credit facilities, fluctuations in metalsprices, general economic conditions in markets in which we dobusiness, extensive environmental and workplace regulation byfederal and state agencies and other general risks related to itscommon stock, and other uncertainties and business issues that aredetailed in its filings with the Securities and ExchangeCommission. All information provided in this release and in theattachments is as of July 23, 2008 and the Company undertakes noduty to update this information.