United Energy Corp. (UNRG.OB) Reports 231% Increase in Revenue while Reducing Operating Expenses
United Energy Corporation, a producer of specialty chemicals products used in the oil and gas service industry, today announced that revenues have increased substantially and that the company has simultaneously decreased its operating expenses for the three and nine months ended December 31, 2008. Revenues for the three months and the nine months ended December 31, 2008 were $343,530 and $941,524, respectively, versus revenues of $103,691 and $493,708 for the three and nine months ended December 31, 2007, an increase of 231.3% and 90.7%, respectively. Operating expenses for the three months and nine months ended December 31, 2008 declined $199,724…