Managing Director Roycap Merchant Banking Group
CALGARY, AB & SCOTTSDALE, AZ, May 6, 2013 /CNW/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a technology driven company operating in the waste water industry, today announces the appointment of Jean Noelting as a Director of the Board subject to approval of the TSXV.
Mr. Noelting on behalf of Roycap negotiated the recently announced CWT
(Carthage Missouri) acquisition by Ridgeline. He is a seasoned CEO with
experience in both growth and turnaround assignments. He has a solid
track record of accomplishments in the management of complex businesses
of various sizes (up to $3 billion) and industry segments.
He has been President and CEO of Cryptologic Inc., a leading software
development company serving the internet gaming market with a strong
proprietary financial transaction engine. During his tenure,
Cryptologic was honored as the fastest growing company in Canada by
Profit Magazine. He has also been President of Westburne Inc., Canada's
leading distributor of electrical, plumbing and industrial supply
products with sales of $3 billion. Before its sale to Rexel SA of
France, Westburne had recorded sales and profit growth of +25%, from a
successful program of acquisitions and continued organic growth. Mr.
Noelting was also Divisional President with Parmalat Canada, in charge
of the Food Group, its largest business units with sales of $1 billion.
Jean has an engineering background, he is bilingual and has an M.A.Sc.
from the University of Toronto. He has been a recipient of the "Top 40
under 40" (high achiever award).
Dennis Danzik CEO Ridgeline stated "We are extremely pleased to have Mr.
Noelting join the board of Ridgeline as it provides great additional
business and financial experience and demonstrates the confidence
Roycap and Mr. Noelting have in the future for Ridgeline".
At the same time we would like acknowledge Mr. Douglas Johnson and Mr.
Kelly Sledz for their contribution to Ridgeline since the inception of
the company almost 8 years ago. Mr. Johnson has retired from the board
effective the 4th May 2013. Mr. Johnson has been a stalwart supporter of the company over
the years in time, investment and marketing. His experience in the
venture capital market was of great value at the formative stage of the
company and we thank him for his contributions.
Mr. Sledz has stepped off the Ridgeline board effective the 3rd May 2013. Mr. Sledz was Chairman of the Audit Committee and provided
valuable guidance to the company in many financial reporting areas; we
thank him for his contributions.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is a technology driven company operating
in the waste water industry. 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
ON BEHALF OF THE BOARD OF DIRECTORS
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SOURCE: Ridgeline Energy Services Inc.
For further information:
David Waldman at Crescendo Communications
(212) 671-1021 (New York, New York)