FORT WORTH, Texas, Dec. 15, 2015 /PRNewswire/ -- Galenfeha Inc. (OTC: GLFH) is proud to announce a distribution agreement with Kimray Inc., a leading manufacturer of oil and gas controls. Kimray will now distribute Galenfeha's ultra-precision chemical injection pumps, iWaV systems and patent-pending stored energy solutions.
Galenfeha's agreement with Kimray emphasizes a commitment to continued revenue growth and increased market share for Galenfeha's product lines. This partnership solidifies the company's distribution network and firmly establishes brand presence in all major oil and gas plays across the United States.
"We are delighted to now be represented by Kimray, Inc. We look forward to a very successful partnership with this highly respected, award-winning American company," said Lucien Marioneaux, Jr., president and CEO of Galenfeha, Inc.
"We are excited to partner with Galenfeha to bring their stored energy solutions and chemical pumps to the oil and gas market. We feel these engineered solutions are in line with Kimray's high standards and innovative product line. We believe the stored energy solution represents the future of the oilfield and will be the standard for years to come," said Chris Mencor, technical marketing manager for Kimray.
Founded in 1948, Kimray is a world-class manufacturer of control equipment used extensively in oil and gas production in North America and around the globe. The company is headquartered in Oklahoma City and employs a workforce of more than 600.
Galenfeha (OTC:GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems.
Note: Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.
SOURCE Galenfeha, Inc.