United Energy Corporation

United Energy Corporation develops and distributes environmentally friendly specialty chemical products for various industries and markets. The company's current product line includes its K-Line of Chemical Products, primarily for the oil industry, and related products. Through its wholly owned subsidiary, Green Globe Industries, Inc. ("Green Globe"), United Energy Corporation supplies the U.S. military with solvents, paint strippers, and cleaners under the trade name "Qualchem." Green Globe is a qualified supplier to the U.S. military and holds sales contracts that have no minimum purchase requirements and are renewable at the U.S. military's option. A core business strategy involves pursuing collaborative joint working and marketing arrangements with established international oil and oil service companies. These relationships aim to introduce the K-Line of Chemical Products to the worldwide market for refinery, tank, and pipeline cleaning services more rapidly and economically. The company provides both its K-Line of Chemical Products and Green Globe Chemical Products to customers. Revenues generated were $1,771,720 for the fiscal year ended March 31, 2010, and $1,206,321 for the fiscal year ended March 31, 2009. United Energy Corporation was originally incorporated in Nevada in 1971 as Aztec Silver Mining Co. It manufactured and distributed printing equipment from 1995 through 1998, during which it began developing specialty chemical products for the printing industry. In March 1998, printing equipment operations ceased, and the business focus shifted to specialty chemical product development. The sale of Uniproof proofing paper was discontinued in March 2007. Key products include the K-Line of Chemical Products for the oil industry and Green Globe Chemical Products, which comprise various solvents, paint strippers, and cleaners. An example from the K-Line is KH-30, a mixture of modified oils, dispersants, and oil-based surfactants designed to control paraffin and asphaltene deposits in oil wells.