updated 12/15/2010 9:17:06 AM ET 2010-12-15T14:17:06

LAFAYETTE, Ind., Dec. 15, 2010 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, issued a statement today discussing the positive profit effects of the Converter process to product high quality oil that brings a premium price. Up to 46% of the output of the Converter process can be oil.

The synthetic oil produced will be purchased based on its heat value. The heat value is defined in MMBTUs (Million British Thermal Units) per barrel. The higher the MMBTUs, the higher the price a barrel fetches. One barrel of future crude (NYMEX) fetches $83 (at approximately 42.2 gallons per barrel). At approximately 7 lbs per gallon of oil, the ton of feed stock (of tires) will yield three barrels of oil for $249. This process takes just under an hour. The initial mobile converter will convert approximately 9 tons in an eight hour shift or more than $47,000 of oil per week if we run three shifts per day. Therefore, the profit contribution of oil, if the converter is set to produce oil, will be $189,000 per month.

Robert Matthews of EnSol states, "There are very few extraneous nitrogen (N2) or sulfur (s) molecules attached in place of a hydrogen molecule. Those N2 and S molecules are the sources of nitrous oxides (smog) and nitric and sulfuric acids, which, when mixed with water vapor in the atmosphere, create acid rain. The oil and gas produced by the converter process are synthetic. That is, the molecules are C4H4 (gas) or multiples of C6H6 for oil. There are no sulfurs or nitrogen atoms attached to the carbon atoms to serve as sources of N02s, NO3s, or HS compounds and thus are pollutant free. The higher oil prices go, the more profitable the Converter becomes."

For more information about the company, please visit www.usi-skis.com .

About Ultimate Sports, Inc.:

Ultimate Sports specializes in every item, large and small, that snowmobilers need in order to enjoy the sport and improve their performance—especially snowmobile skis of all types. We have an extensive inventory of carbide studs, mount kits, wear bars, suspension parts, snow flaps, alignment bars, and so much more. Visit www.usi-skis.com for more information.

Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

CONTACT:  Ultimate Sports
          Investor Relations

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com