Tag Archive | Financials

BenchMark Energy releases Q3 and Q4 earnings guidance

Coldspring, Texas (September 20, 2013) – BenchMark Energy Corporation (OTC Pink:BMRK) began providing earnings guidance for its third and fourth quarter earnings based upon contractual agreements for glycerin purchase and delivery. The Company, which just recently achieved Current Information status through the OTC Markets’ disclosure platform, provided earnings per share guidance for a loss of $0.01 to $0.02 per share for the third quarter, and a profit of $0.01 per share for the fourth quarter 2013, with 23,247,121 Common Stock shares outstanding per its second quarter disclosure on OTC Markets’ website. Revenue guidance for the Company is between $250,000 to $300,000 for the third quarter, and between $1,000,000 and $1,100,000 for the fourth quarter 2013.

BenchMark [Energy Corporation’s] revenue has recovered significantly from the second quarter, reflecting management’s efforts to build a solid operational foundation. We secured transactions for 160,000 gallons in the third quarter and 1,500,000 gallons for the fourth quarter, equating to 4.5% of the expected domestic U.S. glycerin supply of 130 million gallons,” said BenchMark Energy Corporation’s CEO Mark Bateman.

The Company’s historical transaction volumes are:

2012 FY – 480,000 gallons (annual)
2013 Q1 – 36,000 gallons
2013 Q2 – 84,000 gallons

Forecasted transaction volume based upon signed and scheduled contractual deliveries are:

2013 Q3 – 160,000 gallons
2013 Q4 – 1,500,000 gallons

Including the previously announced Chinese contract, the Company has contractual commitments to sell at least 504,000 gallons monthly starting in the fourth quarter 2013 and continuing throughout 2014. This means that the Company would account for 6 million gallons of the domestic U.S. glycerin supply, or approximately five percent (5%) of the supply using expected 2013 domestic output.

The Company continues to work through its 90-day plan, with goals still remaining in Phase 1, including providing a fact sheet and investor presentation, engaging a PCAOB auditor, and concluding “work out” activities. Phase 2 activities have already begun as the Company focuses on operations to increase our share of the domestic glycerin marketplace.

ABOUT BENCHMARK ENERGY CORPORATION

BenchMark Energy Corporation (OTC Pink:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge.” – Our mission statement starts the story, but the rest is available at http://benchmarkenergy.com.

SAFE HARBOR STATEMENT

The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

INVESTOR RELATIONS

Ashlee Guzman
(832) 691-0011
investorrelations@benchmarkenergy.com
http://benchmarkenergy.com

BenchMark Energy posts financials on OTC Markets

Coldspring, Texas (September 11, 2013) – BenchMark Energy Corporation (OTCPink:BMRK) achieved Current Information status through the OTC Markets disclosure platform and is providing expanded information on its updated website (http://benchmarkenergy.com). The Company also retained Clear Financial Solutions, Inc., a financial services organization, in order to makes its financials ready for OTC Markets disclosure, as well as being ready for a PCAOB audit, required for filing registration statements with the U.S. Securities and Exchange Commission. The Company has retained Mr. Steven M. Plumb, CPA of Clear Financial Solutions, Inc., to become Chief Financial Officer (“CFO”) of the Company and help complete this registration.

Mr. Plumb remarked on the engagement, “It’s exciting working with BenchMark Energy Corporation while it emerges from its formative stage and achieves this major milestone. We look forward to a long and rewarding relationship with Benchmark and moving into the next phase of our engagement with them and the engagement of PCAOB auditors. The team assembled by BenchMark’s CEO, Mr. Mark Bateman, now includes Clear Financial Solutions Inc., Rhodes Holdings LLC, and Lunaria Holdings LLC, and shows that BenchMark is working towards enhancing its shareholder value by providing timely financial disclosures.”

The Company has now achieved the first three objectives in its current 90 day plan – assembling a “dream work out team”, public disclosure on OTC Markets, and enhanced shareholder information through an updated website presence.

Goals still remaining in Phase 1 include providing a fact sheet and investor presentation, engaging a PCAOB auditor, and concluding “work out” activities. In Phase 2, the Company will focus on operations to increase our share of the domestic glycerin marketplace.

ABOUT BENCHMARK ENERGY CORPORATION
“BenchMark Energy Corporation (OTCQB:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge.” – Our mission statement starts the story, but the rest is available at http://www.benchmarkenergy.com.

ABOUT CLEAR FINANCIAL SOLUTIONS, INC.
Clear Financial Solutions, Inc. (referred to as “CFS”, http://www.clearfinancials.com) is a financial services organization dedicated to helping its clients tame the financial reporting requirements of public companies, high growth divisions, and “work out conditions”. CFS’ seasoned partners and staff provide business solutions including Contract CFO Services, SEC Reporting, Technology Commercialization, Business Advisory Services, and SOX solutions for small to medium-sized businesses.

ABOUT RHODES HOLDINGS LLC
Rhodes Holdings LLC (referred to as “RHL”, http://rhodesholdings.wordpress.com) provides management consulting services that allow its clients to seek financing through the public markets, either through mezzanine debt, equity, or bank debt. Mr. Rhodes is also the Managing Member of American Equity Fund LLC (http://americanequityfund.com), which provides equity line facilities for reporting publicly traded companies.

SAFE HARBOR STATEMENT
The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

INVESTOR RELATIONS
Ashlee Guzman
(832) 691-0011
investorrelations@benchmarkenergy.com
http:// benchmarkenergy.com