Call to be held on June 27, 2013 at 11:00 a.m. Eastern Daylight Savings Time
CALGARY, AB and SCOTTSDALE, AZ, June 7, 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 provides an updated day and time for its earnings conference call.
During the fourth quarter of Ridgeline's fiscal year ending March 31, 2013, the Company engaged in multiple transactions that have added significant positive financial benefits. In addition, the required one year valuation of the Company's Santa Fe Springs real estate holdings and facility has required additional review due to the values gained in the acquisition. The Company's transaction review also includes the Santa Fe Springs, California facility; the Carthage, Missouri facility; the Canonsburg, Pennsylvania facility; and the Odessa, Texas facility. The Company also announced it is completing definitive agreements in regards to its 13 TON Management Agreement and M2R Management Agreement.
In recognition of these substantive growth changes, the Company has opted to move the date it will report earnings to June 27, 2013, a full month before the required regulatory filing deadline.
The Company believes that all previous revenue guidance estimates are still accurate, but that the financials will show a benefit from the additional review.
The Company looks forward to presenting an overview of these substantive changes on the earnings conference call and has set the date for the new earnings call on June 27, 2013 as noted below.
Interested parties can access the conference call by dialing 877-407-0778 for U.S. callers or 201-689-8565 for international callers, or listen via a live Internet webcast on the Company's website at www.ridgelinecanada.com. A telephone replay of the conference call will be available approximately one hour following the call, through midnight Tuesday, June 25, 2013 and can be accessed by calling: 877-660-6853 for U.S. callers, or 201-612-7415 for international callers, and entering conference ID: 414711 A webcast replay of the conference call will also be accessible on the Company's website at www.ridgelinecanada.com.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is a technology driven water treatment company. The Company trades on the TSX Venture Exchange under the symbol "RLE" the OTCQX as "RGDEF" and on the FSE as "RL7". Additional information is available on the Company's website at: www.ridgelinecanada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Dennis M Danzik
Dennis M Danzik
Director and Chief Executive Officer
"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:
604 921 2535
David Waldman at Crescendo Communications
(212) 671-1021 (New York)