HII Technologies, Inc. Announces Strategic Hire for its South Texas Power Division
HOUSTON, Jan. 8, 2013 /PRNewswire/ -- HII Technologies, Inc. (the "Company"), symbol OTCBB: HIIT, an oilfield services company located in Houston, Texas, with operations in Texas and Oklahoma, today announced the hiring of Mr. Jason Cuevas as Vice President and General Manager of South Texas Power (STP), the Company's recently established mobile oilfield power division.
Mr. Cuevas brings significant experience to STP from his work history at Holt Caterpillar, Stewart and Stevenson, Cummins, Nabors Well Service and more recently National Oilwell Varco's portable power division in south Texas where he was responsible for the rental of generators, light towers and related equipment to oil and gas customers.
Mr. Cuevas stated, "I am excited to join the STP team because I believe in the Company's culture and that my skills and customer relationships can be utilized to help STP build a best of breed rental fleet of equipment for mobile power oilfield applications. Going the extra mile for our customers is a STP founding principal and I believe our service will set us apart from competitors. "
Mr. Flemming, CEO of STP's parent company, HII Technologies, stated "Hiring Jason was a significant milestone for STP. He has cultivated outstanding relationships in the Eagle Ford Shale area and has built a well-deserved reputation in the oilfield services industry. We were very impressed with his track record in the Eagle Ford Shale market. We believe Jason's leadership qualities in training and recruiting service and sales personnel will be a great value-add to STP."
STP is focused on providing onsite portable power to exploration and production (E&P) companies in the field where power grid connectivity is lacking. STP rents and services a fleet of mobile diesel and natural gas powered generators and related equipment to its customers. STP's customer-oriented strategy emphasizes strong service support for our customers.
As previously announced, STP has executed an agreement with Power Reserve Corp, a privately held corporation, under which Power Reserve Corp agreed to provide funding, on a non-dilutive basis, for the purchase of up to $3 million of equipment for STP's rental inventory. The current equipment fleet and new equipment orders now total more than $1.5 million.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas and Oklahoma which is focused on commercializing technologies in power and water management used by exploration and production companies in the United States. The Company's total water management services subsidiary does business as AES Water Solutions and its mobile oilfield power subsidiary does business as South Texas Power (STP). More information is available at the Company's web site www.HIITinc.com.
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, development stage company risks, difficulties in obtaining capital, difficulties in identifying products or services that will meet customers' needs, difficulties in identifying operating companies to acquire, limited personnel, volatility of the energy business and its effects on the Company's business, difficulties in new technology acceptance within the energy industry, political and economic global supply chain risk, general economic conditions in markets in which we do business, extensive environmental and workplace regulation by federal and state agencies, and other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission. All information provided in this release and in the attachments is as of January 08, 2013 and the Company undertakes no duty to update this information.
SOURCE HII Technologies, Inc.
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