VANCOUVER, BRITISH COLUMBIA and LISLE, ILLINOIS--(Marketwire - Nov. 13, 2012) - Kelso Technologies Inc. (the "Company" or "Kelso") (TSX VENTURE:KLS)(KEOSF) -
Kelso is pleased to announce that it has entered a Strategic Advisory Agreement with Euro Pacific Canada Inc. ("Euro Pacific") to act as Kelso's exclusive financial advisor. The key role is to assist Kelso's management with key financial planning issues that face the Company as it enters a period of accelerating business growth. Euro Pacific will advise the Company on its business plans; capital structure; access to capital; potential acquisitions; and other related corporate strategies designed to maximize shareholder value.
James R. Bond, CEO and President of Kelso, stated, "We are very pleased with our association with Euro Pacific and look forward to a mutually beneficial relationship as Kelso continues to grow its business model. Kelso has a strong focus on delivering shareholder value and we are confident that Euro Pacific will enhance our ability to protect and realize the value of our long-term growth potential on behalf of our shareholders."
About Euro Pacific Canada Inc.
Euro Pacific is an IIROC registered brokerage firm headquartered in Toronto, with offices in Montreal and Vancouver, specializing in foreign markets, precious and strategic metals investing. The firm offers an integrated platform of investment banking, institutional sales and trading, research, and private client services following the advice laid out by Euro Pacific Capital's Chief Global Strategist Peter Schiff, an internationally recognized market strategist. Additional information is available at www.europac.ca.
Euro Pacific's investment banking advisory team works closely with client companies as trusted senior advisors providing unbiased investment banking advice. Drawing on more than 100 years of collective advisory experience across multiple industries, Euro Pacific's bankers pride themselves on developing ideas and strategies that are focused and unique.
About Kelso Technologies
Kelso is a railroad equipment supplier that designs, produces and sells a new generation of innovative products designed to improve the safe containment and pressure management of hazardous materials ("HAZMAT") during rail or road transport. Products include a series of external constant force spring pressure relief valves and a new revolutionary manway system trademarked as the "Kelso Klincher™".
These products are initially designed for use on applications on railroad tank cars but are currently being modified for use in other markets that include roadway trucking. All products are patent protected. Their primary design function is to reduce human errors and injuries and minimize environmental harm due to non-accidental release events that may occur during the transport of HAZMAT.
Kelso's ultimate goal is to have its products categorized as "best available technology" that can be utilized on a wide range of HAZMAT and non-hazardous applications that will lead to the capture of a large share of the market for these products. Management is confident that based on the recent acceptance and rapid adoption of our products by OEM customers in the railroad industry that we have created a product catalogue on which to grow and sustain a successful multi-million dollar business on behalf of the shareholders of Kelso Technologies.
On behalf of the Board of Directors,
James R. Bond, CEO and President
Legal Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that management is confident that based on the recent acceptance and rapid adoption of our products by OEM customers in the railroad industry that we have created a product catalogue on which to grow and sustain a successful multi-million dollar business on behalf of the shareholders of Kelso Technologies. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver new orders; product development may face unexpected delays; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; and operations may run into permit, labor or other problems. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. We assume no responsibility to update these forward looking statements except to the extent required by law.