SALT LAKE CITY–(BUSINESS WIRE)–Arvana Inc. (“OTC:AVNI”) today announced its intention to form a brokerage division to facilitate international transactions in the delivery of oil and gas products that will match sellers with buyers in the energy sector.
The brokerage division will be tasked with securing crude oil from sellers in the Middle East through purchase orders and letters of credit from buyers in the Asia Pacific region to facilitate the procurement, payment and delivery of crude oil. Arvana expects to earn fees on each completed transaction.
Ruairidh Campbell, Arvana’s Chief Executive Officer, stated that he is “looking forward to working in a sector so full of promise for our stockholders given the geopolitical challenges now facing the delivery of energy around the globe.”
The venture into energy brokerage services is intended to compliment Arvana’s previously announced efforts to acquire and redevelop undervalued commercial properties to be repurposed for specific targeted industries.
Arvana (“OTC:AVNI”) is a public company registered under the Securities & Exchange Act of 1934, as amended (“Exchange Act”) that is quoted on the OTC Pink Sheets. The implementation of Arvana’s business development strategies are intended to transition the company from its present designation as a “shell company” to operations in accordance with the Exchange Act.
Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulatory legislation, and other circumstances that may cause actual results to be materially different from those expectations. Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K and Form 10-Q which may be viewed at www.sec.gov.
Ruairidh Campbell, Chief Executive Officer
Phone: +1 801 232 7395