Ridgeline Hires Chief Operating Officer
August 24, 2012 - Calgary, Alberta, Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an energy services and water treatment company, today announced that Richard Winterich has been hired as Chief Operating Officer for the company.
Tony Ker, CEO of Ridgeline Energy Services, stated, "Ridgeline is very pleased to announce the appointment of Mr. Winterich at an exciting time in our company's progress. We are expecting accelerated rates of growth as our water treatment business develops. His background is well suited for this stage of our company's expansion."
Over the past 35 years Mr. Winterich has gained significant financial leadership and operational management experience that he will bring to Ridgeline Energy Services. He has held numerous CFO and COO positions in a variety of public and private companies ranging in size from Fortune 500 to start-up technology companies. Throughout his career he has successfully completed numerous merger and acquisition transactions. His main areas of expertise are operations, strategic planning, cash flow management, expense control and M&A, all focused on optimizing shareholder valuation.
Prior to joining Ridgeline, Mr. Winterich was the CFO/COO of Ensynch, a Microsoft Gold Partner which was successfully sold to Insight. Prior to Ensynch, Mr. Winterich was the CFO/COO of Horizon Waste Services. He served as CFO of Mobility Electronics, a start-up technology company that raised $55M in an IPO in 2000. He held both CFO/COO positions in companies owned by the venture fund operated by the Harbour Group. As Director of Finance for Square D Corporation, a $1.8B Fortune 500 Company, he was responsible for strategic planning, IT and the operation of domestic and foreign production facilities managing a staff in excess of 200 employees. He holds a Bachelor Degree in Accounting from Baldwin-Wallace College.
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 .
For further information please contact:
Ryan Johnson
Ridgeline Energy Services Inc.
Corporate Development
(604) 566-8066 ext. 3 (Vancouver)
rjohnson@ridgelinecanada.com
Robert Blum, Joe Diaz or Joe Dorame
Lytham Partners, LLC
Investor Relations
(602) 889-9700 (Phoenix)
RLE@lythampartners.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Tony Ker"
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."
