Luminart Corporation, well positioned to meet continued Bakken expansion into Montana

STANLEY, N.D. - Dec. 24, 2013 - PRLog -- Companies from all over Eastern Montana are taking part in the Bakken boom.  Construction of hotels, motels, truck stops, houses and restaurants is common place across the landscape.  The city of Fairview, 34 miles from Williston, N.D., has become the home of a petroleum rail terminal and several man camps.  Glendive is home to over 330 Burlington Northern Santa Fe employees. The railroad invested $197 million the past year in the Bakken and has hired 560 Montana employees to handle operations, including a new rail loop south of Culbertson. In Sidney, The town of 6,500 has announced the need for a sewage lagoon and other infrastructure upgrades to handle its rapidly growing population. In the small town of Bainville, a fracking sand rail facility, man camps, and a 400-home subdivision are under development with more development on the drawing board.

Last year alone, oil and gas production contributed $283 billion in GDP and $74 billion to state and federal revenues, including more than $200 million to Montana's general fund.  Improved horizontal drilling technology partnered with proven hydraulic fracturing released billions of barrels of oil and gas previously thought to be uneconomical to produce.  As of October, Montana had produced 23 million barrels of oil.  Montana had 13 rigs operating in November, with 10 drilling in the Bakken, according to the oilfield services company Baker Hughes.  The need for new wells and new technologies such as Geoslicing™ and Viscosity Modification ™ make production and recovery in this shale play more profitable and the future is very bright.

Luminart Corporation is well positioned to meet the growing demand associated with the Eastern Montana Bakken expansion.  The Company’s main subsidiary, White Star Sand & Gravel, provides quality aggregate and scoria products and services with mining operations in Westby, Sidney, Fairview and Culbertson Montana, along with mines in Blasdell, Donnybrook, Stanley, and New Town North Dakota. Through the Company’s subsidiary Outwest Field Services, provides general contractor, specialized services, and Lease Automatic Custody Transfer (LACT) station development.  Luminart Leasing is focused on the financial needs of the small to medium sized companies operating in the North Dakota and Montana area.  Luminart Leasing has structured funding arrangements with 12 providers of various types of equipment leasing.  B3 Well Services is the Luminart subsidiary involved with well pad construction, hauling of the company produced product, and the hauling of product for numerous other contractors and mines.  B3 Well Services utilizes a trucking services leasing model and plans to have on contract 100 licensed trucks/drivers within the next 12 months.

Forward-Looking Statements:

This press release may contain forward-looking statements, including, but not limited to, statements regarding Luminart Corp. and their plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Luminart Corp.'s filings with the Pink Sheets, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Luminart Corp. undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.