Profire Energy, Inc. (PFIE)

HISTORY

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!
 

OUR STRATEGY

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.

BOARD OF DIRECTORS

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.

INVESTOR FACT SHEET (2011 ANNUAL)

OUR OPPORTUNITY
 

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. 

 

OUR GROWTH
 

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%

 

RESULTS FROM OPERATIONS

KEY PRODUCT
 

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. 

 

PROFIRE EXECUTIVE LEADERSHIP TEAM
 

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

Contact:
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  http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8023836
Q2 September 2011   http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8240284
Q3 January 2012   http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8410674