$GLFH signed a definitive agreement to acquire all assets and operations of Frontier Oilfield Services, Inc. (OTCQB:FOSI). In consideration for the release of all of the liabilities against the assets and operations of Frontier, Galenfeha will issue one share of Preferred Stock for each share of Common stock of Frontier, which is approximately 15 million shares.

Frontier Oilfield Services, Inc. (OTCQB:FOSI) is an SEC fully reporting company, listed on the OTCQB.

Mr. Trey Moore, Galenfeha’s CEO, stated: ‘2018 is shaping up to be our highest revenue and earnings year since the inception of the company. With the continued growth of our Fleaux Solutions division and this latest acquisition, we are solidifying growth in 2019.’

Galenfeha’s Fleaux Solutions Division uses patented technology to reduce State and Local Government cost in the repair and rehabilitation of wastewater routing. The technology primarily uses a polymer that is inserted into pipelines, expanded, and then cured with Ultraviolet Light. This method allows for repairs to be made without complete removal and replacement of water lines. https://finance.yahoo.com/news/galenfeha-acqu...00163.html