SmallCapNewsRelease:(OTCQB: TBSS) Signed Letter Of Intent to Deliver Up to 20 Million Barrels of Aviation Fuel
JERICHO, NY—(SmallCapNewsRelease)—January 12, 2012, TBSS International, Inc (OTCQB: TBSS)(OTCBB: TBSS) announced today that they have signed a letter of intent to broker delivery contracts for JP-54 aviation fuel and D-2 diesel products out of Rotterdam.
The agreement calls for delivery of 10 to 20 million barrels of JP-54 aviation fuel per month with an immediate lift able amount of 100-500 thousand barrels. The letter of intent also covers the delivery of 250,000 to 2 million metric tons of D-2 diesel fuel per month with lifts of up to 250,000 tons.
TBSS International also recently announced they purchased certain assets of Velella International Lighting, Inc. which included the life of patent rights to Velella’s energy-efficient neon lighting technology (patent # 6,471,369), three facilities, inventory valued at $4 million and the order backlog of $3.2 million .
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