Includes Elimination of Chief Operating Officer Position
CALGARY, July 25, 2013 /CNW/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV:
RLE) (OTCQX: RGDEF) (FSE: RL7) a water treatment and energy technology company, today announces
management changes effective today.
Ridgeline today announces the elimination of the position of Chief
Operating Officer, which was held by Richard Winterich. With the
substantial reduction of employees and operating complexities that
resulted from the sale of Ridgeline Environmental and Ridgeline
GreenFill the company has taken steps to further reduce administrative
management and streamline operations.
Dennis M. Danzik, Chief Executive Officer of Ridgeline Energy Services,
stated, "As a Company, we wish to thank Richard Winterich for great
service, sound management counsel, and leading the development of our
manufacturing efforts in Arizona. All of the dedicated work that
Richard performed while at Ridgeline was through a time of historic
revenue growth and expanded operations across the United States."
In addition, the Company announces the implementation of a business
manager form of operational management for its Santa Fe Springs and
Carthage Missouri operations.
Joseph Murray has been named Business Manager for the Santa Fe Springs
facility. Mr. Murray was formerly the Operations Manager at the
facility and will now have full profit and loss responsibility for the
Company's Santa Fe Springs facility. Mr. Murray has been with the
Company for nearly 2 years.
Candy Blazar has been named Business Manager for the Carthage Missouri
facility. Ms. Blazar formerly held the position of Controller. Ms.
Blazar will now have full profit and loss responsibility for the
Company's Carthage facility. She has been with the Company since
October of 2012, and has acted as a senior manager of the facility
since January of this year.
John Shaw has been named Manager of Refinery Operations in Carthage. Mr.
Shaw previously held a variety of positions with the company including
operations manager. He has been employed at the Carthage facility for
James Saxton has been named Manager of Refinery Operations for the Santa
Fe Springs facility. Mr. Saxton was previously an operations manager
for the Philadelphia research and development site, and has been with
the Company for 13 years. Mr. Saxton also provides technical counsel to
all of our refinery development and manufacturing efforts at or
Scottsdale manufacturing facilities.
Mr. Danzik continued, "Our concentration on water has allowed us to
focus and streamline our core business, which includes a move to a
strong Business Manager form of operational control, thereby reducing
administrative management layers. As we developed our Santa Fe Springs
and Carthage assets, we identified our strongest managers over the last
year and have now put in place a business structure that requires no
additional management layers between the operational management of the
facility and our "C" level executive management, which includes Kevin
Bridges, our CFO and myself. It is important to recognize the fact that
selling our consulting businesses in Canada was only a part of the plan
moving forward. We have implemented a lean and cost effective
administrative structure that places accountability for individual
operations at the facility level, thereby allowing us to identify and
achieve specific metrics that work and can be replicated across the
"I congratulate our teams in both Santa Fe Springs and Carthage on a job
well done for the first half of this year."
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is a water treatment and energy
technology 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. The Company trades on the
TSX Venture Exchange under the symbol "RLE", the OTCQX as "RGDEF" and
the Frankfurt Stock Exchange as "RL7".
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, 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
SOURCE: Ridgeline Energy Services Inc.
For further information:
David Waldman at Crescendo Communications
(212) 671-1021 (New York)