UMED Holdings, Inc. (OTCQB: UMED) is engaged as an energy and mining company. The company’s energy business focuses on converting natural gas to diesel and jet fuel. The mining business, UMED Holdings, Inc. has 72 placer mining claims located in the Mohave County, Southwest Arizona. Shares of the energy and mining company are gaining 7.14%, through early trading on Friday, April 7, 2017. Over the past three months, UMED Holdings, Inc. has seen average daily volume of 65,337 shares. However, volume of 203,502 shares or dollar volume of $61,050, has already exchanged hands on Friday, April 7, 2017.
Shares of UMED Holdings, Inc. are rallying Friday, after the company announced that its G-Reformer, a gas-to-liquid technology, has successfully completed manufacturer testing of its technology. The technology will now be shipped to the University of Texas at Arlington for further tests. Here is the full press release detailing of the gas-to-liquid technology testing:
UMED Holdings, Inc. Press Release:
FORT WORTH, TX–(Marketwired – Apr 6, 2017) – UMED Holdings, Inc. ( OTCQB : UMED ), through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (GIE), using its patented and proprietary technological advancements, announces that it has successfully completed manufacturer testing of their G-Reformer® unit. The unit is a critical component of the Gas-To-Liquid technology that has been transported to the new Lab at The University of Texas at Arlington (“UTA”) for further testing during the month of April.
Greenway awaits the final test results from more than seven years of technology development in association with UTA. Final testing of the entire GTL unit at the Lab should demonstrate the most unique and economically efficient way to convert natural gas into pure synthetic fuel.
An investor call will be scheduled in the near future to discuss the status of the G-Reformer and potential next steps for Greenway.
About Greenway Innovative Energy, Inc.
Greenway Innovative Energy, Inc., a wholly-owned subsidiary of UMED Holdings, Inc. ( OTCQB : UMED ), located in Fort Worth, TX is comprised of oil and gas professionals developing small and full scale Gas-to-Liquid (GTL) conversion units intended to take advantage of the abundant supply of natural gas resources throughout the world by way of improved and environmentally conscience technology. The advancement of this technology will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean synthetic fuels. The conversion unit will be particularly useful in its application to stranded gas fields or stored gas facilities.
About UMED Holdings, Inc.
UMED Holdings, Inc., is a Fort Worth, Texas-based global diversified holding company that owns and operates businesses in a variety of industries including energy, oil and gas and mining. Visit http://umedholdings.com to learn more.
Forward Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.