HENDERSON, NV -- (Marketwired) -- 04/11/13 -- Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), wishes to update investors on the current status of its plans for development and employment of a new aggregate material transport system. As of this date, Double Crown has applied for patent protection on an original and unique system designed to transport large capacity loads of aggregate commodities such as fracturing sand or agricultural products. Double Crown's system has been given the trade name of Transprop Agg. Previously it was announced that Double Crown was exploring the possibility of acquiring Synergy Natural Resources, LLC with rights to a different transport system design and a Memorandum of Understanding (MOU) was signed. After considering multiple options it was mutually decided by both companies to terminate the MOU agreement. A confidentiality clause of the MOU remains in effect.
Double Crown management would like to further update investors on new plans in pursuit of the best option to bring its Transprop Agg into use as effectively as possible. To this end, we have engaged the services of an independent industrial design & manufacturing firm to immediately create full-scale, operational units. River Town Ironworks, Inc. of Prairie de Chien, Wisconsin (www.rivertownironworks.com), has already completed engineering specifications and begun manufacturing work on the Transprop Agg which will be a universal configuration applicable to commercial use worldwide. The design is a tri-chambered, pass through interlock, gravity fed, vacuum/pressure style aggregate transport system. Cargo capacity will be up to 25 tons per unit and 4 units will fit onto a standard flatbed rail car for a total of 100 tons of aggregate cargo per car. This design will allow each interlocking Transprop Agg unit to be filled from top through bottom without the need for removing individual units from rail cars. Because of the tri-chambered design, each unit will also be able to carry up to 3 different types of cargo. The first production Transprop Agg unit should be fully constructed before the end of April and ready for evaluation and approval.
To secure the exclusive rights on Double Crown's Transprop Agg system, we have retained the legal services of Wong, Cabello, Lutsch, Rutherford & Brucculeri, L.L.P. of Houston, Texas (www.wongcabello.com), and have applied for patent protection on the Transprop Agg design. Double Crown will announce any future progress on this matter.
Commenting on these latest developments, President and CEO Jerry Drew said, "Our new Transprop Agg system represents the highest earnings potential of all the projects currently under development by Double Crown Resources. Our management team members are committing a great deal of their time and abilities to identifying the best possible avenues for bringing this very significant advancement in aggregate material supply to the market quickly and most effectively. The private placement funding we have received to date in 2013 has been directly instrumental in advancing this high priority project. We look forward to making more announcements regularly as we move forward."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com
Double Crown Resources, Inc.
President and CEO
2312 N. Green Valley Parkway, Suite 1026
Henderson, Nevada 89014
Phone: (707) 961-6016
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