TSX Venture: "DAL"
EDMONTON, April 9, 2014 /CNW/- John Babic, President and CEO of Dalmac Energy Inc. ("Dalmac") (TSX Venture "DAL") is pleased to announce that the Company has began the implementation of an electronic dispatching and invoicing system that is expected to improve productivity and significantly reduce operating costs and expenses.
The new system will provide Dalmac with real-time visibility of its equipment, trucks, and workforce. Notable advantages include:
- electronic workorder and invoicing,
- real time fleet monitoring via cell and satellite,
- real time equipment warning alerts for equipment malfunctions which will reduce extensive repair costs and improve fleet life.
- improved fuel tracking, insurance savings, reduced overhead labour costs
Once the system is fully implemented management will know precisely where each piece of equipment is, how long it has been operating, speed at which equipment is traveling, and the appropriate billable time. Apart from real time monitoring of the fleet the new software will also be used to book equipment, generate field tickets and invoices, and also schedule repairs and track maintenance history.
The full benefit of this automation initiative will be felt over the course of the 2015 fiscal year but immediate savings will commence this summer with the goal of achieving $1 million in annual savings. It is management's expectations that this system will not only reduce operating costs and expenses but will also help boost revenue and drive gross profit margins back into the 30's percentile.
February and March activity levels have been robust pre-Spring break-up. The Company is making a concerted effort to improve the penetration of its newly acquired equipment while continuing to focus on cost control and efficiencies to boost margins.
Statements throughout this report that are not historical facts may be considered 'forward looking statements'. Such statements are based on current expectations that involve risks and uncertainties, which could cause actual results to differ from those anticipated. Important factors that can cause anticipated outcomes to differ materially from actual outcomes include the impact of general economic conditions, industry conditions, competition from other industry participants, volatility of petroleum prices, the ability to attract and retain qualified personnel, changes in laws or regulation, currency fluctuations, continued ability to access capital from available facilities and environmental risks. References to "Dalmac', the "Corporation", "Company", "us", "we", and "our" mean Dalamc Energy Inc. and its subsidiary Dalmac Oilfield Services Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. We seek safe harbor.
SOURCE: Dalmac Energy Inc.
For further information: Doren Quinton, President, QIS Capital Corp., Ph: (250) 377-1182, Email: email@example.com, www.smallcaps.ca