SYLVAN LAKE, AB, Jan. 14, 2013 /CNW/ - Lonestar West Inc. (TSXV: LSI)
today announced its recent expansion into The United States. The
Company opened an office in late 2012 and now has several Hydrovac
trucks operating in the State of California.
Management's decision was based on an opportunity to expand into the
California market with the assistance of a highly experienced
individual who had considerable involvement in managing Hydrovac
operations for infrastructure projects. As such, Lonestar West has been
solely focused on infrastructure projects in the state and is running
"We are extremely pleased with the results of our California operations
to date," said James Horvath, CEO of Lonestar. "This expansion fits our
long term plan for continued growth and diversification of our
operations while continuing to grow at a prudent level."
Lonestar expects its fleet to grow to approximately 50 trucks by early
April with the delivery of 8 additional Hydrovac trucks. Current
utilization of the fleet continues to run near full capacity.
Based in Sylvan Lake, Alberta, Lonestar West Inc. (www.lonestarwest.com) operates a fleet of 42 HVAC and vacuum trucks throughout Western
Canada and recently expanded into California. It is focused on
profitably growing its HVAC services to become a major competitor in
the North American market.
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
Investor Relations, The Howard Group Inc.
Jeff Walker (888) 221-0915
firstname.lastname@example.org (403) 221-0915