MISSISSAUGA, ON., Feb 2, 2007 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Genoil Inc. (TSX Venture: GNO; OTCBB:GNOLF).
GENOIL is an international technology development and process-licensing company based in Alberta, Canada, that provides solutions to the oil and gas industry through the use of proprietary technologies. The company has designed and developed a number of important technological innovations, including the GHUTM, Genoil Hydroconversion Upgrader. Genoil's patented hydroconversion process can increase global supplies of light oil and also help refiners make better use of each barrel of oil by converting low value fractions into high quality synthetic crude.
The skyrocketing prices of refined petroleum products have made it dramatically clear that the underlying key problem is not a shortage of crude oil supplies, but the ability of refineries to turn out the required oil products. The current problem, which is likely to continue for some time, is an overabundance of heavy, dirty crude oils being offered to refiners who lack the equipment capacity to process these into light, clean transportation fuels, especially motor gasoline and diesel oil. A number of improvements to heavy oil upgrading technology have recently been introduced. Some of these involve hydrogen addition technology, such as Genoil’s proprietary heavy oil upgrader (GHU).
A complete GNO profile can be viewed at: http://www.allpennystocks.com/apsc/can/stock_profiles/gno.htm
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AllPennyStocks.com has not been compensated for its efforts in presenting the GNO profile on its web site and distributing it to its database of subscribers as well as other services. For the full disclaimer, visitors are encouraged to read it at http://www.allpennystocks.com/apsc/can/stock_profiles/gno.htm.Contact:
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