CALGARY, June 29, 2012 /CNW/ - Ridgeline Energy Services Inc.
("Ridgeline" or the "Company") (TSXV: RLE) (OTCQX: RGDEF) an energy
services and water treatment company, announces that it has retained
Lytham Partners, LLC ("Lytham") as its investor relations firm to help
broaden awareness of the company within the North American professional
Tony Ker, CEO of Ridgeline Energy Services, Inc., commented, "Ridgeline
has gained significant traction on its business model in the last
twelve months. The company's acquisition of the core water treatment
technology from Danzik Hydrologic Sciences, LLC in January 2012 paves
the way for rapid deployment in the industrial waste water market that
will include the oil and gas markets, as well as municipal waste water.
We believe that Lytham Partners will be instrumental in helping us to
effectively communicate the value proposition that our water treatment
technology represents to an increasingly larger audience."
The parties have entered into a renewable six month agreement for
investor relations services. The agreement may be terminated by either
party by giving 30 days' written notice of termination. The Company
will pay a consulting fee to Lytham Partners of $7,500 per month plus
approved expenses incurred on behalf of the Company.
"We believe that the water treatment technologies provided by Ridgeline
could significantly improve upon current industrial and commercial
waste water treatment processes and do it with greater cost
efficiency," said Robert A. Blum, managing partners of Lytham Partners,
LLC. "We look forward to working closely with the Ridgeline management
team to expand their presence in the United States and Canada with the
initiation of quarterly conference calls, expanded non-deal investor
roadshow meetings and selected conference participation."
The Company has also granted Lytham Partners 150,000 incentive options
to purchase common shares of the Company at a price of $0.70 per share
for a period of 5 years. The options are subject to following vesting
period: 10,000 immediately and 15,000 every 6 months thereafter. In the
event the contract is not renewed at the end of any six month term any
unvested options shall be cancelled upon termination of the agreement.
The options will be granted in accordance with the Company's share
award plan and as set forth by TSX Venture Exchange policy. Both the
options and the investor relations consulting agreement are subject to
the approval of the TSX Venture Exchange.
About Lytham Partners, LLC
Lytham Partners, LLC provides expertise and guidance to mid- and
small-cap companies in the healthcare, technology, services,
agricultural, industrial, aerospace and defense segments, as well as
the consumer and capital goods industries. The firm is dedicated to
generating substantive communications programs with an emphasis on
developing management credibility via data, clear articulation of
achievable strategic plans, and timely interaction with investors. For
more information visit our website at www.lythampartners.com.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services and water treatment 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. 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 water treatment services to the oil and
gas industry. The Company trades on the TSX Venture Exchange under the
symbol "RLE" and the OTCQX as "RGDEF". Additional information is
available on the Company's website at: www.ridgelinecanada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Ker, 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:
Ryan Johnson of Ridgeline Energy Services Inc.
(604) 566-8066 ext. 3 (Vancouver)
Robert Blum, Joe Diaz or Joe Dorame
Lytham Partners, LLC
(602) 889-9700 (Phoenix)