Accent to Provide Investor and Media Relations Services to the European Financial Community
CALGARY, Sept. 4, 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 it has retained Accent Marketing Gmbh ("Accent") as its investor relations firm to help broaden awareness of the company within the European professional investment community and financial media.
The agreement is a renewable six month consulting contract starting September 1, 2012 up to and including February 28, 2012. Accent will receive a fee of €22,000 in two equal installments paid September 1, 2012 and November 1, 2012.
Tony Ker, CEO of Ridgeline Energy Services Inc., commented, "Graduating from a relatively short three year research and development phase, to full commercial deployment of our water treatment technology, we feel it is the right time to expand our market presence into the European financial community. Drawing on the depth of Accent's network through institutional roadshows, investment conferences, media interviews and international webcasts, we anticipate a further broadening of our shareholder base and investor awareness."
Jörg Schweizer of Accent Marketing commented, "We believe the environmentally positive nature of Ridgelines business and expected high margin, strong revenue growth, will resonate well with the European financial community. The upcoming months and years are set to be exciting for Ridgeline as they ramp up manufacturing capacity and expand the commercial roll out of their innovative water treatment technology. We look forward to working with Ridgeline at developing a solid presence in Europe with the investment community and financial media."
The Company has also granted Accent 125,000 incentive options to purchase common shares of the Company at a price of $0.65 per share for a period of 5 years. The options are subject to the following vesting period: 75,000 immediately, 25,000 after 3 months and another 25,000 at six months. The options will be granted in accordance with the Company's share award plan and as set forth by TSX Venture Exchange policy. Both the options and the investor relations consulting agreement are subject to the approval of the TSX Venture Exchange.
About Accent Marketing Gmbh
Led by Jörg Schweizer, Accent Marketing is a provider of Financial Public Relations for companies trading in the German market. Established in 2003, Accent Marketing is a pioneer in combined media and online public relations for small and mid-cap public companies from Europe, North America and Australia. Accent maintains its offices in Munich, Germany and works closely with financial analysts, advisors, investors and the financial media.
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.