Pacific Oil Company has entered into negotiations to acquire a private US company which holds the distribution rights to Patent Pending products and service applications, utilizing ground breaking Nano Technology.

Ed Loven, Vice president of Pacific Oil, said, "Nano Tech West Inc. holds the distribution rights to new technology that has the potential to be a game changer in the oil industry, with respect to how we as companies, mitigate a multitude of environmental risk. Our relationship with the company started out with curiosity, progressed to acquiring a licensing agreement and now is at the point where on the surface it has begun to make good business sense to purchase the company outright."

Tags: Pacific Oil Company