TONY KER TO EXECUTIVE CHAIRMAN
DENNIS M. DANZIK TO CEO
CALGARY, Feb. 19, 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 promotions that are part of long-term management development plans for addressing the growth needs of the Company.
Tony Ker Chief Executive Officer "CEO" of Ridgeline since December 2008 will become Executive Chairman of the Board, as of today. Tony's responsibilities will be in Board related activities, strategic planning, investor relations, security regulations, acquisitions, and concentration on business operations within Canada. Mr. Ker works in the Vancouver, British Columbia office.
Dennis M. Danzik, current Director and head of engineering and operations since early 2011, will assume the role of Chief Executive Officer, as of today. As the Company moves aggressively into the Industrial/Commercial water treatment industry and the demand shifts primarily in U.S. markets. Mr. Danzik carries over thirty years' experience in engineering design, and has held executive and board member positions on five public exchanges worldwide. Mr. Danzik works in the Scottsdale, Arizona offices.
Douglas Johnson remains a Director and will stay with the Ridgeline Board. Mr. Johnson has served as Ridgeline Chairman for eight years. "All of us wish to thank Doug for his leadership as Chairman and his continued support as Director, stated Tony Ker."
Tony Ker new Executive Chairman commented "Mr. Danzik and I have forged a very strong working relationship over the past four years and I have high confidence in Dennis's abilities to lead as CEO and Senior Officer of the Company. Ridgeline is transitioning from an Energy Service company into a broad based Water Technology company that will span many industries, now with substantial assets and large footprint throughout North America. The demand for the Company's water technologies to these industries requires management changes that will allow the Company to respond to client needs and rapid growth of the business."
Dennis M. Danzik, CEO commented "Over the last four years, I have watched Ridgeline grow from a few offices in Canada to operations in three Canadian Provinces and six U.S. States. The excitement comes from the solid managerial base that Tony Ker and I have had the pleasure of building over the last four years. Our management bench is deep, our opportunities are clearly defined; two critical jobs that are often ignored, and difficult to accomplish in any business. It is also important to note that all of our original team is still with the company after all of this growth. That speaks highly of Tony Ker's management. Each individual manager at Ridgeline continues to help shape and grow with the Company, and the senior and seasoned management of Richard Winterich and Kevin Bridges who joined Ridgeline last year, rounds out our team. After thirty years of experience, I have learned that people are the business. The quality of people that we hire, and in which we empower, and develop opportunities, continue to define Ridgeline's successful future."
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. 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 "RL7".
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 or achievements."
SOURCE: Ridgeline Energy Services Inc.
For further information:
Ridgeline Energy Services Inc.
(604) 566-8066 ext. 3 (Vancouver)
Robert Blum, Joe Diaz or Joe Dorame
Lytham Partners, LLC
(602) 889-9700 (Phoenix)
David Waldman at Crescendo Communications
(212) 671-1021 (New York)