CPCO, low float, new trader!

[justastock]

http://www.worldoil.com/magazine/MAGAZINE_DETAIL.asp?ART_ID=2972&MONTH_YEAR=Aug-2006

"A fortunate confluence of opportunity and technology has led Cengroup Petroleum to sign an oil production contract with the Azeri government to begin the oil-gathering process. Using a relatively new hydrophobic oil spill product (two years on the market), the company will apply the material to collect spilled oil for processing and sale."

Nice.

J

[justastock]

Caspian Sea Clean Up Company Continues to Build Team; CenGroup appoints new board director


By BusinessWire
Last Update: 9/11/2006 9:00:25 AM Data provided by 

VANCOUVER, British Columbia, Sep 11, 2006 (BUSINESS WIRE) -- The board of directors of CenGroup Petroleum Corporation (Pink Sheets:CPCO), an oil recovery company, is proud to announce the addition of David S. Levine, President of EnviroMop(TM) LLC (www.EnviroMop.com), a manufacturer of hydrophobic cellulose-based sorbent material, as a company director.

Neville Trevor, CenGroup CEO, said "David's involvement with the development of MOP sorbent material, and his extensive background in business and marketing, has been greatly conducive to CenGroup's development. We are delighted to welcome him to the board."

Prior to starting EnviroMop, Levine has worked with a broad range of companies in senior level positions after spending over eleven years at various major New York City advertising agencies and five years in the financial field. Levine holds a BS and MBA from New York University. He has been, and currently is, an officer/board member of various industry, educational, and community service organizations. Levine is also a Certified Business Coach and an award-winning adjunct-Professor at Rutgers University's School of Communications.

Mr. Trevor is en route to Baku to commence phase 3 of the business model. Phase 3 involves the private placement financing, corporate structure, development of the MOP manufacturing plant, and training of R2 teams in Baku. In North America, the private placement financing, corporate structure, and development of the MOP manufacturing plant continue.

CenGroup CEO Neville Trevor is currently conducting MOP sorbent demonstrations for the Azerbaijan Navy on behalf of the Company. The Navy will require large quantities of sorbent in the environmental cleanup of the Azerbaijan coastline.

About: CenGroup Petroleum Corporation (Pink Sheets:CPCO) was developed to take advantage of an opportunity to recover surface oil in the Caspian Sea Region. Over the past five years the Company has singularly positioned itself in this lucrative region by developing relationships within the Azerbaijan government. It has been estimated that there are approximately 250 million barrels of surface oil lying on water and land in the Caspian Sea Region, with nearly 1 million new barrels of oil leaking to the surface each year. CenGroup, working with the government of Azerbaijan to reclaim the oil to productive use while environmentally restoring the land, sea, and shore.

This release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. This press release contains forward-looking statements relating to, among other things, CenGroup's expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in CenGroup's filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, the possibility that we will not achieve GAAP profitability, interruptions or delays in our service, our new business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, foreign currency exchange rates and interest rates.

SOURCE: CenGroup Petroleum Corporation