Ridgeline Opens Wyoming Manufacturing Facility
Centralized Facility will Lower Manufacturing Costs and Accelerate System Delivery Times
CALGARY, Aug. 22, 2012 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an energy services and water treatment company, today announced the opening of its new Deaver, Wyoming manufacturing facility. The facility will be used to manufacture Ridgeline's storage systems, convergence and degassing systems, as well as molded tank products that are a part of Ridgeline's water sciences division product line and services.
The facility, which was previously a Deaver school campus, includes approximately seven acres and five campus buildings, and totals approximately 65,500 square feet. The buildings and land are leased at a small annual cost to Ridgeline with the option to purchase the facility in the future as land is transferred from the U.S. Federal Government.
Tony Ker , CEO of Ridgeline Energy Services, stated, "Ridgeline is very pleased to announce the opening of our second U.S. manufacturing facility, located in Deaver, Wyoming. This facility will enable Ridgeline to lower manufacturing costs, accelerate system delivery times and continue the development of our technology. We look forward to ramping production in our Wyoming facility to support our growth in the coming years."
Dennis M. Danzik , Ridgeline Director of Engineering and Operations, commented, "The conversion of this vacant school campus into a manufacturing facility that will create jobs and generate a positive economic impact is a testament to the vision and the entrepreneurial spirit that permeates the state of Wyoming. The hard work of Deaver Councilmen Gary Fulbright and LaMoine Sorenson ; Wyoming State Representative Elaine Harvey ; and the City of Deaver, has created an economic opportunity for the citizens of Deaver and the surrounding communities. We are pleased to collaborate with these visionaries and we look forward to a long and mutually beneficial working relationship."
On the northern border of Wyoming, Deaver provides Ridgeline access to many of its most important geographic markets - North Dakota; Alberta, Canada; Colorado; eastern Utah and western Texas. Wyoming has no state income tax and is one of the most advantageous business environments in North America. The state is currently number one in new corporate entity growth in the United States. The new facility is also less than ten minutes from Northwest Community College, which offers a world-class welding program and other engineering and construction disciplines.
Mr. Ker concluded, "I would like to thank Dennis Danzik and our special project team of Douglas Bean and Dustin Hamby , along with the many city and state representatives involved in bringing this opportunity to fruition."
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services and water treatment company. The Company is applying proprietary technology to treat water generated from industrial and commercial waste water markets. These markets include a wide variety of clients across a broad spectrum of industries including oil and gas. Through its environmental consulting and remediation divisions, Ridgeline Environment has built a reputation as an established provider of environmental services to the Western Canadian oil and gas industry. Ridgeline GreenFill provides soil remediation and wet waste disposal services to the oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".
Additional information is available on the Company's website at: www.ridgelinecanada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Ker , CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
SOURCE Ridgeline Energy Services Inc.
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