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Thursday, January 08, 2009







Powerpetro Inc. Appoints Franchisee For Puerto Rico
Posted: 5/8/2002

Posted By: Powerpetro Inc Contact: Arjune Singh
Phone: 305-234-4531 Email: asingh@powerpetro.com

Miami, Florida. Powerpetro, a Web-based marketplace for petroleum products, announced today the appointment of JB Roman and Associates as its Franchisee for Puerto Rico and the U.S. Virgin Islands.

Puerto Rico is a highly competitive market, with many buyers requesting bids on a daily basis. “That’s the perfect scenario for Powerpetro,” says Arjune Singh, President and CEO of Powerpetro. “As we’ve proven in Peru and other markets, Powerpetro creates tremendous market efficiencies when buyers and sellers use it to connect with one another and manage their market activities.”

With more than 50 years of petroleum marketing experience in Puerto Rico and the U.S. Virgin Islands, JB Roman and Associates “provides the kind of entrée we need in that area,” said Singh. “They give us instant credibility and red carpet access to the market.”

“Landing this franchise was a coup for us,” said Juan B. Roman, C.E.O. of JB Roman and Associates, whose major markets include the pharmaceutical, governmental, and retail service station sectors. These sectors all rely heavily on the spot market, which Roman’s research showed is Powerpetro’s strongest area.

“Powerpetro’s application will enable an increase in purchasing and pricing efficiency that’s measurable in full percentage points,” said Roman. “Just as importantly,” he continued, “we found that it’s easy to learn and use. We think it’s going to be very popular, very fast.”

A Delaware company with headquarters in Miami and operations in Lima, Peru and Rio de Janeiro, Brazil, Powerpetro is currently negotiating a private equity placement to finance expansion into other regions, including the U.S.A. The Web site can be found at www.powerpetro.com.

Mr. Singh can be reached at 305-234-4531, or via e-mail at asingh@powerpetro.com. Mr. Roman can be contacted at (787) 449-1882 or via e-mail at jbroman@powerpetro.com.




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