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Profire Energy, Inc. (PFIE)

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Last Post: 4/10/2017 7:43:15 PM - Followers: 43 - Board type: Free - Posts Today: 0


Since March of 2002, when Profire Combustion Inc. was conceived, we have had a vision of the Burner Industry and its future. We sought to provide a service as combustion experts that was unmatched by any of our counterparts. We feel we can claim great success in this endeavor.

Soon after Profire's inception, we developed a control panel for the management of burners, a system we called the Profire 1100. This attained unparalleled success, quickly becoming the leading Burner Management System on the market. Annually, our sales climbed, our service department grew, and our company expanded. With our team of highly qualified personnel, we were able to stake our position in this rapidly growing market. Soon Profire Combustion expanded to a point where the prospects of going public became a reality, and after the acquisition of a public shell corporation, Profire Energy Inc. was born. This entity became the medium for furthering corporate growth. The company continued to grow with the economic boom, then sustained even further growth in the face of a recession.

Despite turmoil in the market, we began developing the new-generation 2100 BMS. As it approached its final certification, we became more aware of the void this cutting-edge technology would fill. We feel our sober business tactics and knowledge of the market have allowed us to carefully maneuver the rocky business landscape and emerge successful. But since our success depends on much more than our past, our vision remains firmly affixed on the future. Our research and development division is plumbing new depths, our sales and marketing division is reaching out both domestically and globally, and our corporate leaders are supporting growth both internally and through the possibility of acquisition. 

Our future is bright!




Profire Energy is the leader in Burner Management Systems and has been in the forefront of research and development in the burner industry for nearly a decade. During this time, Profire has acquired a substantial market share for the use of the Profire Burner Management System. 

Widely known around the world, companies come to Profire for reliable and efficient systems and services. With a firm grasp on the Canadian oilfield market and soon to be launched campaign in the U.S. market, Profire's growth strategy includes aligning itself with multiple distributors throughout the U.S. thus insuring the proper sales, installation and servicing of its product.

This corporation was founded on the principles of value, efficiency and safety. The Profire mission is to provide a dynamic and reliable product for the oil and gas sector. Having accomplished this, we have concentrated our talents on solutions providing further service to the burner management industry. 

As part of our corporate strategy includes the acquisition and effective management of corporations, who share similar philosophies, we are always looking for further technologies and opportunities for growth and development within the broader energy sector. We are particularly interested in renewable and clean energy technology.




Brenton W. Hatch


Brenton co-founded Profire Combustion, Inc. in 2002.  Since that time he has served as the Chief Executive Officer and General Manager of the Company.  He has been responsible for the day-to-day operations of Profire Combustion since its inception.  Prior to founding Profire Combustion, between 2001 and 2002 he was a Management Consultant and General Manager of Titan Technologies, Inc., an oilfield service and distribution company in Edmonton, Alberta, Canada.  In this position, he performed an in-depth analysis of the operations and management of all divisions of Titan Technologies.  Based on his analysis, company-wide operational changes were implemented to improve company performance.  From 1989 to 2000 he served as President and Chief Executive Officer of Keaton International, Inc., an educational services company based in Edmonton, Alberta, Canada. He managed all executive functions of the company and particularly focused on the development and management of the company's educational services.  During his time at Keaton International, Brenton led corporate networking and marketing campaigns world-wide.  He earned a Bachelor's Degree in Education from the University of Alberta in 1974.  He is not, nor has he in the past five years been a nominee or director of any other SEC registrant or registered investment company.  We considered Mr. Hatch's experience as a founder and as the principal executive officer of Profire Combustion, as well as his previous management and operational oversight experience in concluding that he should serve as a director of the Company.

Harold Albert


Harold co-founded Profire Combustion, Inc. in 2002. He has served as the President and Chief Operating Officer of Profire Combustion since that time. Harold is responsible for research and development of new products and services. He oversees our Canadian operations. Prior to founding Profire Combustion, he worked in the oil services industry for Titan Technologies, Inc. from 1996 to 2002. During that time he served as an Associate Manager overseeing the company's burner division.  From 1993 to 1996 he was employed with Natco Canada doing start up and commissioning of oil and gas facilities in both Canada and Russia.  Harold is not, nor has he in the past five years been, a nominee or director of any other SEC registrant or registered investment company.  We considered Mr. Albert's experience as a founder and principal operating officer, combined with his previous management and operational experience in concluding that he should serve on the Company's board of directors.

Andrew Limpert


Andrew graduated from the University of Utah with a Bachelors of Science degree in Finance in 1994.  He earned a Masters of Business Administration with an emphasis in Finance from Westminster College in 1998.  He joined The Flooring Zone, Inc. in November 2007.  From 1998 to 2008, Andrew was an investment advisor with Belsen Getty, LLC, providing wealth management direction and strategic and financial advice for several investment banks.  For the past 15 years he has founded, consulted on and funded numerous businesses in the private and public arenas.  In 2007 he became the chairman of the board of directors of Nine Mile Software Inc., a rebalancing and mutual fund trading software developer.  Nine Mile Software became an SEC registrant during 2008.  He resigned as Chairman of Nine Mile in April of 2011.  During the past five years he has also served as a director of Ohr Pharmaceutical Inc., a New York based biotech incubator.  Ohr Pharmaceutical is also an SEC registrant. In April 2010 he resigned as an officer and director of Ohr Pharmaceutical.  Andrew is not, nor has he in the past five years been, a nominee or director of any registered investment company. We considered Mr. Limpert's extensive investment experience and his related finance and educational background in concluding that he should serve on the Company's board of directors.






Profire Energy is the leader in Burner Management Systems and has been in the forefront of research and development in the burner industry related technology for nearly a decade. During this time, Profire has acquired a substantial market share for the use of the Profire Burner Management System. With sales in Canada, the United States, France, Brazil, Slovenia and the world's leading oil and gas providers comes to Profire for reliable and efficient systems and services. 



Profire Energy, Inc is domiciled in the United States and is listed on the OTC BB stock market under symbol "PFIE". The U.S. corporate offices are located in Lindon, Utah. The company currently has 45,000,000 shares outstanding. Revenue for year end March 31, 2011 was $8,033,926. Historically our revenues have grown between 25% and 30% annually. Between 2010 and 2011 our revenue increased by 35.8%





March 31, 2011.

March 31, 2010.










Net Income




Earnings Per Share




Accounts Receivables




Total Assets






The Profire 2100 Burner Management System is developed to exceed the industry standard with each detail carefully designed to meet the stringent CSA and UL codes, while at the same time providing an intuitive and clear management menu for easy operation. From the industry leading stackable expansion modules to the technician designed layout and interface, every detail has been carefully scrutinized to provide the finest and most robust Burner Management System ever developed. Our team of qualified designers and engineers have spent years in the development of the 2100 and have created a BMS that will meet and exceed rigorous industry expectations. 



Brenton W. Hatch (B. Ed) - President, Chairman and Chief Executive Officer
Andrew Limpert (B. Sc, MBA) - Chief Financial Officer
Harold Albert - Chief Operating Officer

Profire Investor Relations
(801) 796-5127
Follow us on twitter@profirenews

Forward looking disclaimer: The information contained in this release includes forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward- looking statements with the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements involve known and unknown  risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those expressed or implied, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

RECENT 10Ks for 2011-2012
Q1 June 2011
Q2 September 2011
Q3 January 2012 

Principal Products and Services
We manufacture, install and service oilfield combustion management systems and related burner products.   Our products aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels.
In the oil and natural gas industry there are numerous demands for heat generation and control.  The product in pipelines and storage tanks must be kept sufficiently warm to flow efficiently.  Equipment of all kinds, including line-heaters, dehydrators, dewaterers, separators, treaters, amine reboilers, free-water knockout systems, etc. require sources of heat to satisfy their various functions.  In addition to the need for combustion products to meet heating demands, there is also a need for skilled combustion technicians.  Profire was founded to try to meet some of these needs.
Initially, our primary focus was on providing installation and maintenance services to service the products and systems of other manufacturers.  Management soon determined, however, that it would be in our best interest to also establish ourselves as a product supplier.  Management also recognized the need to develop our own proprietary burner-management systems to monitor and control combustion.  Our principal developmental goal in building our own system was to ensure that the system would meet or exceed the highest safety and quality standards in the industry and that the system would be functional and easily controlled by oilfield operators.  With this goal in mind, we developed the Profire 1100 combustion-management system.  This system has become widely popular in Western Canada, with sales to such companies as Exxon-Mobil, Shell, ConocoPhillips, Devon Energy, Petro-Canada, Encana and many others.  This system has also been sold and installed in various parts of the world, including the United States, France, Italy, England, the Middle East, Australia, China and Brazil.
During our fourth fiscal quarter, we introduced a new product, the Profire 2100.  The 2100 is a more powerful burner management system than the 1100.  It complies with CSA and UL ratings and has expandability and remote access and data logging.  It has more custom features than the 1100 and allows the end user much more flexibility in multiple field applications.
In addition to the Profire 1100 and 2100 combustion management systems, we manufacture other systems and products for sale, including a burner management system specific to incinerator systems, called the Profire 1100i and "fuel-trains" or "valve-trains" to accompany system installations.  These fuel-trains include piping, valves, controls, etc., relating to the process of safely providing fuel to burners, as well as having safety controllers to monitor operations.  We are also developing various products that will be introduced to the market over the next few years.  These may range from valve systems to igniters.   We continually assess market needs and look for opportunities to provide quality solutions to the oil and gas producing companies we serve.
PFIE Security Details
Share Structure
Market Value1 $45,000,000 a/o Aug 12, 2011
Shares Outstanding 45,000,000 a/o Aug 05, 2010
Float 6,000,000 a/o May 09, 2011
Authorized Shares Unlimited a/o
Par Value 0.001
Shareholders of Record 117 a/o Jul 01, 2011
Short Selling Data
Short Interest 0 (-100%)
Jun 30, 2011
Significant Failures to Deliver No


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Current Price
Bid Ask Day's Range
PFIE News: Statement of Changes in Beneficial Ownership (4) 04/27/2017 05:27:31 PM
PFIE News: Statement of Changes in Beneficial Ownership (4) 04/21/2017 05:17:11 PM
PFIE News: Statement of Changes in Beneficial Ownership (4) 04/10/2017 06:13:32 PM
PFIE News: Statement of Changes in Beneficial Ownership (4) 04/05/2017 05:15:39 PM
PFIE News: Statement of Changes in Beneficial Ownership (4) 03/27/2017 04:57:13 PM
#3617   Other than for that, you're happy with PFIE, jugs 04/10/17 07:43:15 PM
#3616   Another dump had to pay cable bill Sone 04/10/17 06:55:52 PM
#3615   This has suddenly become a really cool board. newmedman 03/29/17 12:50:35 PM
#3614   Another 35k dump thanks hatch Sone 03/27/17 06:50:32 PM
#3613   Another insider dump.. had to pay light bill Sone 03/22/17 04:56:26 PM
#3611   You demonstrated behavior I find discomforting. How much jugs 03/18/17 06:33:38 PM
#3610   Yeah, all sounds good, but in truth, you fung_derf 03/18/17 01:55:50 PM
#3609   I have no idea what others have in jugs 03/17/17 04:29:25 PM
#3608   It has served me quite well for the fung_derf 03/17/17 02:07:09 PM
#3607   Maybe it's time to let go of absolutes jugs 03/17/17 01:29:03 PM
#3606   The chart is speaking to me fung_derf 03/17/17 12:16:59 PM
#3605   If so, all of its holdings will, too jugs 03/17/17 12:10:38 PM
#3604   NRZ has done alright for me. I think fung_derf 03/17/17 10:18:48 AM
#3603   AMZA is going to tank soon I predict fung_derf 03/17/17 10:16:21 AM
#3602   I stay away from ETF's. I've done enough fung_derf 03/17/17 10:15:42 AM
#3601   NGL ALDW CEQP AMZA SFL KNOP AMZA is the oddball of the bunch as jugs 03/17/17 10:10:17 AM
#3600   My requirements are, they must have earnings, and fung_derf 03/17/17 10:08:53 AM
#3599   Geez, finally something worth discussing on Ihub. Post fung_derf 03/17/17 10:06:08 AM
#3597   NGL jugs 03/17/17 10:05:01 AM
#3596   I've owned CIM for years, and currently have fung_derf 03/17/17 10:05:00 AM
#3595   Now I have vendettas? fung_derf 03/17/17 09:59:57 AM
#3594   No i like monthly. Psec, GLAD , GAIN Sone 03/16/17 08:29:01 PM
#3593   CIM, NRZ & LADR are three REITs that jugs 03/16/17 08:26:53 PM
#3592   MLP's suck I like REITs much better and Sone 03/16/17 05:58:30 PM
#3591   Last year I racked up a 65.7% gain jugs 03/16/17 04:51:41 PM
#3590   Are you sure you understand investing? fung_derf 03/16/17 12:33:10 PM
#3589   Are you always so bitter? I couldn't enjoy my jugs 03/16/17 12:30:12 PM
#3588   Yeah....."most of your picks"....but not this one. I fung_derf 03/16/17 11:54:38 AM
#3587   Why do you continue to own a stock jugs 03/16/17 11:50:45 AM
#3586   As a shareholder, I want my CEO's working fung_derf 03/16/17 11:39:47 AM
#3585   It doesn't have to be all or nothing jugs 03/16/17 11:31:02 AM
#3584   We aren't talking about what is currently his fung_derf 03/16/17 11:06:59 AM
#3583   My background is former Director of Investor Relations jugs 03/15/17 08:23:03 PM
#3582   PFIE's diluting is not a concern of mine fung_derf 03/15/17 04:23:58 PM
#3581   Loans can be conditional on circumstances that have jugs 03/15/17 04:20:15 PM
#3580   That's crazy. As a shareholder, you own a fung_derf 03/15/17 02:45:06 PM
#3579   You have the right to speak freely. But jugs 03/15/17 02:05:57 PM
#3578   Would you accept criticism from others because of fung_derf 03/15/17 11:37:04 AM
#3577   Agree. jugs 03/15/17 11:36:17 AM
#3576   BWHAHAHA!!! Worst excuse for an exec maybe ever! fung_derf 03/15/17 11:35:35 AM
#3575   They are compensated for their services. They spend jugs 03/15/17 11:09:18 AM
#3574   Lol yes millions of dollars is not enough!! Sone 03/14/17 10:14:57 PM
#3573   Caring individuals have to eat, too, so maybe jugs 03/14/17 10:12:38 PM
#3572   They pre announced that they would both be Sone 03/14/17 09:41:41 PM
#3571   It takes money to live. I usually cut jugs 03/14/17 09:39:19 PM
#3570   Every week they dump shares Sone 03/14/17 09:15:06 PM
#3569   Statement of Changes in Beneficial Ownership (4) Source: Edgar Sone 03/14/17 09:14:15 PM
#3568   Amended Statement of Changes in Beneficial Ownership (4/a) Source: Sone 03/14/17 09:13:59 PM
#3567   Can you offer details? jugs 03/14/17 09:12:35 PM
#3566   Will the insider selling ever end!! Wtf Sone 03/14/17 09:06:27 PM