TransMontaigne Inc. Provides Update on the Rio Vista Energy Partners L.P. and Penn Octane Corporation Transaction
08 November 2005 - 9:29AM
Business Wire
TransMontaigne Inc. (NYSE: TMG) today announced that it continues
to perform due diligence procedures on the previously announced
transaction with Rio Vista Energy Partners L.P. and Penn Octane
Corporation. Currently, it is anticipated that this transaction
will not close before November 30, 2005. TransMontaigne Inc. is a
refined petroleum products marketing and distribution company based
in Denver, Colorado with operations in the United States, primarily
in the Gulf Coast, Midwest and East Coast regions. The Company's
principal activities consist of (i) terminal, pipeline, and tug and
barge operations, (ii) marketing and distribution, and (iii) supply
chain management services. The Company's customers include
refiners, wholesalers, distributors, marketers, and industrial and
commercial end-users of refined petroleum products. Corporate news
and additional information about TransMontaigne Inc. is available
on the Company's Web site: www.transmontaigne.com. Forward-Looking
Statements This press release includes statements that may
constitute forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. This information may involve risks and uncertainties that
could cause actual results to differ materially from the
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are based
on reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
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