SALT LAKE CITY, July 3, 2013 /PRNewswire/ -- Geo Point
Technologies, Inc. (OTCBB: GNNC) (the "Company" or "Geo Point"), the owner of a modern,
environmentally friendly oil refinery in Karatau, Kazakhstan that refines crude oil into diesel
fuel, gasoline, and mazut (a heating oil), today announced that on
Tuesday, July 2, 2013, the Company
changed its name to RTS Oil Holdings, Inc., and its common stock
began trading under a new ticker symbol, RTSO.
As previously announced, on May 8,
2013, the Company completed the acquisition of RTS-Oil LLP
("RTS") and announced a new CEO, as well as changes to its officers
and directors. RTS specializes in wholesale and retail distribution
of finished oil products in the southern region of Kazakhstan, including population centers
Jambyl, Shymkent and Almaty. RTS is one of the largest
distributors in the wholesale markets in these regions, with 20
petrol stations and seven crude oil and fuel terminals. RTS owns or
has long-term leases for fuel tank farms with total storage
capacity of more than 40,000 tons (about 280,000 barrels, or 11.8
million gallons) of refined finished oil products such as diesel
fuel and gasoline.
As a result of the acquisition, the Company integrated RTS into
Sinur-Oil LLP, a previously acquired entity. The name of the
post-acquisition company will be "RTS Oil Holdings, Inc." As a
result of the acquisition and integration, the Company now has the
ability to refine a variety of oil products and distribute them
throughout Kazakhstan, a nation
with significant oil reserves but a lack of refining capacity.
About RTS Oil Holdings, Inc.
RTS Oil Holdings, Inc.
(OTC BB: RTSO), through its RTS subsidiary, operates 20 petrol
stations and seven crude oil and fuel terminals with a total
capacity of 40,000 tons (approximately 280,000 barrels, or 11.8
million gallons) in southern Kazakhstan. The Company's Sinur subsidiary
owns and operates a modern, environmentally friendly oil refinery
in Karatau, Kazakhstan. Using new,
advanced technology, this strategically located facility refines
crude oil into diesel fuel, gasoline, and mazut, a heating oil.
Disclaimer
Legal Notice Regarding Forward-Looking
Statements: "Forward-looking Statements" as defined in the Private
Securities litigation Reform Act of 1995 may be included in this
press release. These statements relate to future events or our
future financial performance. These statements are only predictions
and may differ materially from actual future results or events. We
disclaim any intention or obligation to revise any forward-looking
statements whether as a result of new information, future
developments or otherwise. There are important risk factors that
could cause actual results to differ from those contained in
forward-looking statements, including, but not limited to risks
associated with changes in general economic and business
conditions, actions of our competitors, the extent to which we are
able to develop new services and markets for our services, the time
and expense involved in such development activities, the level of
demand and market acceptance of our services and products or
changes in our business strategies.
Contact:
Hayden IR.
Brett Maas, Managing Partner
1-646-536-7331
or
RTS Oil Holdings, Inc.
2319 Foothill Drive, Suite 160
Salt Lake City, Utah 84109
info@geopointtech.com
SOURCE RTS Oil Holdings, Inc.