Past Advisor to the President Cabinet-level RTC Oversight
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 Bruce MacFarlane as a Director of the Board subject to approval of the TSXV.
He is President and a Founder of GPO Capital Corporation, an alternative investment management company. He also serves as Chairman both of Ceannate Corporation, a leading business process outsourcing firm focused entirely on the education sector, and Meridian Development Partners, a real estate investment firm. Mr. MacFarlane has more than 30 years of experience as an investor in and advisor to financial and business services companies worldwide. Mr. MacFarlane was also a founding member of Venturion Capital and Aquiline Capital Partners, both private equity investment firms focusing on growth oriented firms in the financial and business services industries worldwide. Previously, he served as a Director in Smith Barney's M&A group. Prior to Smith Barney, he served as Director of Financial Institutions and Senior Advisor to the President for the Cabinet-level Resolution Trust Corporation Oversight Board, which set the strategy and policy for the $100 billion savings & loan cleanup. Mr. MacFarlane was also a Senior Manager at both Andersen Consulting and Oliver, Wyman & Company - both leading management consulting firms. Mr. MacFarlane earned his BA with Honors in Chemistry from Harvard College and his MBA from Harvard Business School.
Dennis Danzik CEO Ridgeline stated "We are extremely pleased to have Mr. MacFarlane join the board of Ridgeline. Bruce brings an enormous amount of financial and business experience working with growth companies that should benefit Ridgeline as we continue to build the company."
At the same time Ridgeline would like acknowledge Mr. Brian Straub for his contribution to Ridgeline over the past 2 years as we built the base of the Company. Mr. Straub has resigned effective the end of April 2013. Mr. Straub is a resident of Calgary, and Arizona, and spends much of his time in other parts of the world traveling, so we wish him well.
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, which can also be mined for valuable effluents and other materials that can be refined into fuels and other energy products. The Company trades on the TSX Venture Exchange under the symbol "RLE", the OTCQX as "RGDEF" and the Frankfurt Stock and Stuttgart Exchanges as "RL7".
ON BEHALF OF THE BOARD OF DIRECTORS
"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:
David Waldman at Crescendo Communications
(212) 671-1021 (New York, New York)