Galenfeha, Inc. (GLFH) Widens Distribution Network
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Posted On: 10/09/2015 4:58:14 PM
Galenfeha, Inc. (GLFH) Widens Distribution Network in Southwestern States through Exclusive Distributor Agreement
Despite a downturn in the oil and gas industry, Galenfeha, Inc. (OTC PINK: GLFH) is promoting strong financial growth by providing innovative solutions that help oil and gas producers increase efficiency and limit costs. Last month, the company introduced its proprietary iWaV intelligent injection control system, which seamlessly interfaces with existing SCADA infrastructure, enabling operators to remotely automate all aspects of chemical titration at well sites. In addition to demonstrating Galenfeha’s ongoing commitment to the oil and gas industry, the iWaV system provides the means for substantial cost savings by minimizing the need for labor-intensive, potentially dangerous onsite maintenance activities.
Earlier today, the company took a major step toward capitalizing on the marketability of its revolutionary system and increasing its presence in the oil and gas industry by announcing an exclusive distribution agreement with Oil and Gas Equipment, Inc. This agreement – which followed Galenfeha’s August announcement of a separate distribution agreement for the West Texas region – is expected to greatly improve the national presence and availability of the company’s products moving forward.
“We are delighted that Oil and Gas Equipment will represent our brand in new regions,” Lucien Marioneaux, Jr., president and chief executive officer of Galenfeha, stated in a news release. “We look forward to a successful partnership with incredible growth opportunities.”
Oil and Gas Equipment, Inc. has serviced the oil and gas industries in New Mexico, Utah and Colorado for nearly six decades. In this time, it has become known among industry experts as the premier ‘one-stop-shop’ for oil and gas production services and equipment.
In recent weeks, Galenfeha’s expanded product line has helped it achieve considerable financial growth. During the second quarter of 2015, the company recorded revenues of over $242,000 on its way to a gross profit of $132,000. The new relationships and payment terms associated with this growth are expected to spur a significant increase in cash flow in the months to come, allowing Galenfeha to explore opportunities to expand its manufacturing operations while continuing to promote maximized shareholder value.
Take a closer look at the company by visiting www.galenfeha.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Despite a downturn in the oil and gas industry, Galenfeha, Inc. (OTC PINK: GLFH) is promoting strong financial growth by providing innovative solutions that help oil and gas producers increase efficiency and limit costs. Last month, the company introduced its proprietary iWaV intelligent injection control system, which seamlessly interfaces with existing SCADA infrastructure, enabling operators to remotely automate all aspects of chemical titration at well sites. In addition to demonstrating Galenfeha’s ongoing commitment to the oil and gas industry, the iWaV system provides the means for substantial cost savings by minimizing the need for labor-intensive, potentially dangerous onsite maintenance activities.
Earlier today, the company took a major step toward capitalizing on the marketability of its revolutionary system and increasing its presence in the oil and gas industry by announcing an exclusive distribution agreement with Oil and Gas Equipment, Inc. This agreement – which followed Galenfeha’s August announcement of a separate distribution agreement for the West Texas region – is expected to greatly improve the national presence and availability of the company’s products moving forward.
“We are delighted that Oil and Gas Equipment will represent our brand in new regions,” Lucien Marioneaux, Jr., president and chief executive officer of Galenfeha, stated in a news release. “We look forward to a successful partnership with incredible growth opportunities.”
Oil and Gas Equipment, Inc. has serviced the oil and gas industries in New Mexico, Utah and Colorado for nearly six decades. In this time, it has become known among industry experts as the premier ‘one-stop-shop’ for oil and gas production services and equipment.
In recent weeks, Galenfeha’s expanded product line has helped it achieve considerable financial growth. During the second quarter of 2015, the company recorded revenues of over $242,000 on its way to a gross profit of $132,000. The new relationships and payment terms associated with this growth are expected to spur a significant increase in cash flow in the months to come, allowing Galenfeha to explore opportunities to expand its manufacturing operations while continuing to promote maximized shareholder value.
Take a closer look at the company by visiting www.galenfeha.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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