Blackwater Georgia, L.L.C. Announces New Commercial Lease for Remaining Tank Capacity at Brunswick, Georgia Terminal

NEW ORLEANS--(BUSINESS WIRE)-- Blackwater Georgia, L.L.C., a wholly owned subsidiary of Blackwater Midstream Corp. (OTCBB: BWMS), is pleased to announce that it has reached agreement to lease the remaining storage capacity at its Brunswick, Georgia terminal.

The Brunswick site consists of 161,000 barrels of storage capacity on six acres of property that is leased from the Georgia Ports Authority. The terminal is accessible by ocean vessels, inland barges, railcars, and tanktrucks. There is land available within the existing footprint at the facility to build an additional 150,000 barrels of capacity. Michael Suder, Blackwater Midstream Corp.’s Chief Executive Officer stated, “With the finalization of this additional storage lease we have met our business objective of having the entire Brunswick facility leased within the first six months of our acquisition of the site. This new agreement will increase gross revenues for Blackwater Georgia by 80%.” Frank Marrocco, Chief Commercial Officer of Blackwater Midstream Corp. stated, “Our success at the Brunswick, Georgia terminal has been possible only through building strong relationships with our clients and providing them with superior service through a complete hands-on management approach. This is the same model that we employ at our Westwego, Louisiana terminal where we have also realized significant growth that has led to a major expansion of a new ship dock and 150,000 barrels of additional capacity within the last year.”

Blackwater Midstream Corp. is an independent developer and operator of bulk liquid storage terminals including a storage terminal facility in the Port of New Orleans in Westwego, Louisiana. The Westwego facility consists of 842,000 barrels of storage capacity capable of storing a variety of liquid products. The site offers modal access for product distribution via marine, rail, and truck. Blackwater Midstream Corp. is a member of the International Liquid Terminal Association.

The information in this press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to prospective acquisitions or anticipated future results. Forward-looking statements relate to expectations or forecasts of future events. Blackwater Midstream does not assume the obligation to update any forward-looking statement. Many factors could cause actual results to differ materially from Blackwater Midstream’s forward-looking statements, including market forces, economic factors, the availability of capital and credit, current and future competition and other uncertainties. For further details about these and other factors that may impact the forward-looking statements, see Blackwater Midstream’s Securities and Exchange Commission filings, including the "Risk Factors" in the Annual Report on Form 10-K.