SYLVAN LAKE, AB, Feb. 22, 2012 /CNW/ - Lonestar West Inc. (TSX-V:LSI) is
pleased to announce that it has been named as a 2012 TSX Venture 50
The TSX Venture 50 is a ranking of strong performers on the TSX Venture
Exchange, comprised of 50 companies, 10 from each of five industry
sectors: mining, oil & gas, technology & life sciences, diversified
industries and clean technology. The selection is based on a ranking
formula with equal weighting given to market capitalization growth,
share price appreciation, trading volume and analyst coverage. All data
was as of December 31, 2011.
Through 2011, Lonestar saw a 163% rise in its stock price while the
market cap increased 806%. These dramatic increases contributed to
Lonestar achieving its ranking as one of the 10 leading companies in
the diversified industries sector, and among the 50 best of the 2,250
companies listed on the exchange.
"Our team at Lonestar is honoured to be ranked in the 2012 TSX Venture
50", said James Horvath President and Chief Executive Officer of
Lonestar. "This acknowledgement reflects Lonestar's ability to continue
with its aggressive growth model through 2012 and beyond."
Refer to the following link for the TSX Venture Exchange press release:
Lonestar West Inc. (www.lonestarwest.com) currently operates a fleet of HVAC and vacuum trucks throughout
Western Canada from its base in Sylvan Lake, Alberta. It is focussed
on profitably growing its HVAC services to become a major national
competitor in the market area.
Lonestar's shares trade on the TSX(Venture) Exchange under the symbol
Certain information and statements contained herein constitute
forward-looking information, including the anticipated costs associated
with the purchase of capital equipment, expectations concerning the
nature and timing of growth within the business operated by Lonestar,
expectations respecting the competitive position of such business,
expectations concerning the financing of future business activities and
statements as to future economic and operating conditions. Readers
should review the cautionary statement respecting forward-looking
information that appears in Lonestar's complete MD&A.
SOURCE Lonestar West Inc.
For further information:
James Horvath, President and CEO (403) 887 - 2074
Bev Roome, CA, Chief Financial Officer (403) 887 - 2074
Investor Relations, The Howard Group Inc.