DENVER, CO--(Marketwire - Dec 4, 2012) - ENSERVCO Corporation ("ENSERVCO" or the "Company") (
MZ Group will work in tandem with Pfeiffer High Investor Relations, Inc. to assist ENSERVCO with communicating its corporate, financial and investor-related developments to shareholders and investors, as well as expanding its shareholder base in the U.S. Ted Haberfield and the MZ team will advise the Company in multiple facets of corporate and financial communications.
"This is the ideal time to ramp up our investor outreach efforts," stated Rick Kasch, President and Chief Financial Officer. "Our financial position has never been stronger, with revenues increasing year-over-year for seven consecutive quarters. We also completed a successful $2 million equity offering and a refinancing of existing debt with PNC Bank consisting of an $11 million term debt facility and a $5 million revolving credit facility. These transactions greatly improved our financial position and working capital. We are well positioned to continue executing our profitable growth strategy of expanding our customer base and introducing new services to new and existing customers."
"We are excited to work with a seasoned and motivated management team, led by Mr. Kasch," said Ted Haberfield, President of MZ Group North America. "ENSERVCO is an emerging player in the fast growing well and fluid management services industry. With a diversified and growing customer base that includes leading oil and gas producers such as Anadarko, ExxonMobil and Noble Energy, we see significant organic growth opportunities ahead for ENSERVCO. We look forward to introducing this unique growth story to retail and institutional investors."
Through its various operating subsidiaries, ENSERVCO has emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management services. The Company owns and operates a fleet of more than 245 specialized trucks, trailers, frac tanks and related well-site equipment. ENSERVCO operates in Colorado, Kansas, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West Virginia. For more information, please visit the company's website at www.enservco.com.
About MZ Group
MZ Group, subsidiary of @titude Global, a multinational company and the world's largest independent global investor relations consulting firm, provides investor relations, corporate communications, market intelligence, corporate governance and technology products and services. Founded in 1999, MZ Group focuses on innovation and personalized services, supported by its exclusive "one-stop-shop" business model. With offices in São Paulo, New York, Chicago, San Diego, Vancouver, Hong Kong, Beijing, Shanghai, Taipei and Mumbai, MZ has approximately 350 professionals who serve over 580 clients in 12 countries. For more information, please visit www.mzgroup.com.
This news release contains information that is "forward-looking" in that it describes events and conditions ENSERVCO reasonably expects to occur in the future. Expectations for the future performance of ENSERVCO are dependent upon a number of factors, and there can be no assurance that ENSERVCO will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond ENSERVCO's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in a Form 10-K filed on March 30, 2012. It is important that each person reviewing this release understand the significant risks attendant to the operations of ENSERVCO. ENSERVCO disclaims any obligation to update any forward-looking statement made herein.
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