The agreement calls for UMED to be a primary source for the commercialization of the GTL conversion units which will generate revenues for UMED. 1RG will participate in the revenues and receive a yet to be determined number of UMED warrants. Additional consideration will be based upon certain performance.

1RG is comprised of oil and gas professionals and experts from a major university and is developing small-scale portable, modular Gas-to-Liquid (GTL) conversion units intended to help natural gas producers gain improved market advantage. The advancement of GTL technology, pioneered by 1RG, will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean Synthetic Fuels.

1RG’s technology is based on classical Fischer-Tropsch (FT) science that has been used in various locations throughout the world since the early 1930s, but generally on the large centralized industrial-scale model which to date has been typical of modern energy industry. 1RG’s technology is expected to establish a new trend toward more profitable small flexible decentralized FT facilities.

UMED is a holding company positioned to acquire assets and companies in the energy, precious metals, aerospace, media and social media business sectors of our economy.

Randy Moseley, CEO of UMED, said: “This is a terrific opportunity for UMED to enter the energy sector and provide new technology to capitalize on the significant natural gas reserves in the United States.”

Douglas McKinnon, CEO of 1RG, said: “We are excited about working with UMED in this endeavor and look forward to a long and prosperous relationship.”

Will the deal commercially benefit the firms?

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