Ridgeline Energy Services Inc fka RLE

[swanlinbar]

RDX Reports Record 2Q Earnings
7:32a ET November 21, 2013 (PR NewsWire)
2Q Revenue Increases Six Fold to $ 11.81 Million 2Q Adjusted EBITDA $ 2.33 Million 2Q Net Income of $ 1.15 Million

RDX TECHNOLOGIES CORPORATION ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced financial results for the second quarter and six months ending September 30, 2013.

Recent operating highlights:

-- Continued strong demand for both water and energy products.

-- Diligently maintained margins at key properties and reduced overhead.

-- Completed startup of new waste water treatment systems at Santa Fe Springs operation.

-- All RDX water treatment systems at Santa Fe Springs are now fully permitted and operational.

-- The permitted system at Santa Fe Springs is one of the largest discharge permits within the Los Angeles County Sanitation District.

-- Completed conversion of fuel system to methyl-ester based, higher quality fuel product.

-- Preparation to become U.S. reporting company moving forward with projected initial filings with SEC in fourth quarter of fiscal 2014.

-- Organic growth of fuel effluent collection at Santa Fe Springs from 15,000 to over 40,000 Gallons per week.

-- The Company, based on meeting its financial goals has started to accept new customer opportunities for the current quarter and next calendar quarter.

Dennis M. Danzik, Chief Executive Officer of RDX, stated, "We achieved record results through a focused effort during our second quarter, reflected by over $ 2 million of adjusted EBITDA for the second quarter. We concentrated on our primary properties, and stayed focused on shipped and billed product. Coming out of a reconstructive first quarter with the divestiture of our Canadian operations, was difficult. But with the diligent work of our team, and special recognition of the efforts by our Chairman, Tony Ker; the work was successfully completed, without losing revenue targets for the second quarter. "

"Our backlog demand continues to grow in all of our divisions. As a Company, we are dedicated to adding additional customers and increasing revenue, while strengthening our margins, and improving profitability. At the same time we continue to work on securing our cash position, and insure that we can deliver value add to each customer."

Mr. Danzik concluded, "Once again, we have accomplished our key performance targets. Our on property management has exceeded expectations, but our work is far from done. The next few financial quarters should allow RDX to grow, as well as present an opportunity to instill confidence in our investors. Consistency in maintaining our high product quality to our customers will provide consistency in our earnings. That process will over time build investor trust and confidence in our Company."

About RDX Technologies Corporation

RDX Technologies Corporation is a water treatment and energy technology company. The Company applies water treatment technology to provide waste water treatment services to a variety of industries. In addition, RDX technology allows for the mining of valuable materials from waste water streams. Most of the materials mined from waste water sources are currently converted to energy in the form of renewable fuels.

The Company also supplies a wide range of commercial scale water and refinery systems, machinery and products within the waste water, refining, and remediation industries.

The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".For further information please contact:

ON BEHALF OF THE BOARD OF DIRECTORS

"Dennis M. Danzik"

Dennis M. Danzik, CEO

[e-mail]

"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."


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES, INC)
SUPPLEMENTAL FINANCIAL INFORMATION
(IN CANADIAN DOLLARS)
Three Months
Ended
September 30,
2013
Net Income - continuing operations $ 733,000
Interest 372,000
Taxes -
Amortization (in operating costs) 1,066,000
Amortization (in cost of revenue) 869,000
EBITDA 3,040,000
Stock-based compensation (68,000)
Foreign exchange gain on note payable (454,000)
Change in fair value of PTEC earn-out (113,000)
Gain on forgiveness of indebtedness (121,000)
Other expense 46,000
Adjusted EBITDA 2,330,000


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES INC.)
INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME (LOSS)
(IN CANADIAN DOLLARS)
Three Months Ended September 30, Six Months Ended September 30,
2013 2012 2013 2012
Revenue $ 11,806,880 $ 1,581,840 $ 18,773,913 $ 2,693,546
Cost of revenue:
Direct expenses 7,784,967 471,246 13,693,575 1,417,682
Amortization 1,065,620 144,972 1,985,475 287,666
Total cost of revenue 8,850,587 616,218 15,679,050 1,705,348
Gross profit 2,956,293 965,622 3,094,863 988,198
Operating expenses:
General and administrative 1,692,231 2,188,740 4,131,283 4,050,436
Share-based payment expense (67,735) 241,828 116,988 519,188
Amortization 868,653 745,295 1,729,666 1,388,120
Total operating expenses 2,493,149 3,175,863 5,977,937 5,957,744
Income (loss) from operations 463,144 (2,210,241) (2,883,074) (4,969,546)
Other income (expense):
Finance costs (371,745) (18,880) (674,232) (34,973)
Foreign exchange gain (loss) on CWT notes payable 454,000 - (158,000) -
Change in fair value of PTEC earn-out 112,500 - 202,500 -
Gain on forgiveness of indebtedness 120,573 - 120,573 -
Other income (expense), net (45,758) 47,585 (41,351) 47,585
Total other income (expense) 28,705 (550,510) 12,612
Income (loss) before tax 732,714 (2,181,536) (3,433,584) (4,956,934)
Income tax expense - 52,635 - 52,635
Income (loss) from continuing operations 732,714 (2,234,171) (3,433,584) (5,009,569)
Income from discontinued operations 416,345 682,132 922,443 471,368
Net income (loss) $ 1,149,059 $ (1,549,039) $ (2,511,141) $ (4,538,201)
Basic and diluted income (loss) per share - $ 0.01 $ (0.02) $ (0.02) $ (0.04)
continuing operations
Basic and diluted income (loss) per share - - 0.01 - -
discontinued operations
Basic and diluted income (loss) per share $ 0.01 $ (0.01) $ (0.02) $ 0.04
Weighted average number of
common shares outstanding 169,123,820 129,856,925 166,930,240 122,054,162
Comprehensive income (loss):
Net income (loss) $ 1,149,059 $ (1,549,039) $ (2,511,141) $ (4,538,201)
Other comprehensive income (loss) - Item that
may be reclassified subsequently to earnings:
Foreign currency translation adjustments (1,142,263) (192,285) 404,693 (161,122)
Comprehensive income (loss) $ 6,796 $ (1,741,324) $ (2,106,448) $ (4,699,323)


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES INC.)
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL
POSITION
(IN CANADIAN DOLLARS)
September 30, March 31,
2013 2013
Assets
Current assets:
Cash $ 3,495,205 $ 1,336,478
Trade and other receivables, net 6,081,864 7,695,442
Accrued revenue - 539,395
Inventory, net 2,441,826 1,154,134
Prepaid expenses and other current assets 629,313 663,401
Total current assets 12,648,208 11,388,850
Restricted cash 82,413 159,771
Property, plant and equipment, net 52,529,223 27,548,066
Intangible assets 17,243,298 18,404,007
Goodwill 8,130,068 2,668,952
Other assets 5,785,331 5,715,018
Total assets $ 96,418,541 $ 65,884,664
Liabilities and Equity
Current liabilities:
Accounts payable $ 3,948,234 $ 5,715,945
Accrued expenses 6,185,467 6,323,559
Income tax payable - 5,067
Notes payable, current portion 3,378,319 151,069
Obligations under finance lease, current portion 86,039 92,328
Total current liabilities 13,598,059 12,287,968
Notes payable, non-current portion 19,069,880 1,248,116
Obligations under finance lease, non-current portion 239,713 289,379
Santa Fe Springs purchase price payable 5,581,082 5,513,251
Environmental remediation liability 5,656,750 5,588,000
PTEC earn-out 127,500 330,000
Asset retirement obligations - 58,234
Total liabilities 44,272,984 25,314,948
Commitments and contingencies
Equity:
Share capital 79,964,218 66,732,800
Warrants 2,543,829 2,162,794
Contributed surplus 2,418,527 2,348,691
Accumulated other comprehensive income 510,837 106,144
Accumulated deficit (33,291,854) (30,780,713)
Total equity 52,145,557 40,569,716
Total liabilities and equity $ 96,418,541 $ 65,884,664

SOURCE RDX Technologies Corporation

http://rt.prnewswire.com/rt.gif?NewsItemId=TO759&Transmission_Id=201311210732PR_NEWS_USPR_____TO759&DateId=20131121

[swanlinbar]

RDX Reports Record 2Q Earnings
7:32a ET November 21, 2013 (PR NewsWire)
2Q Revenue Increases Six Fold to $ 11.81 Million 2Q Adjusted EBITDA $ 2.33 Million 2Q Net Income of $ 1.15 Million

RDX TECHNOLOGIES CORPORATION ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced financial results for the second quarter and six months ending September 30, 2013.

Recent operating highlights:

-- Continued strong demand for both water and energy products.

-- Diligently maintained margins at key properties and reduced overhead.

-- Completed startup of new waste water treatment systems at Santa Fe Springs operation.

-- All RDX water treatment systems at Santa Fe Springs are now fully permitted and operational.

-- The permitted system at Santa Fe Springs is one of the largest discharge permits within the Los Angeles County Sanitation District.

-- Completed conversion of fuel system to methyl-ester based, higher quality fuel product.

-- Preparation to become U.S. reporting company moving forward with projected initial filings with SEC in fourth quarter of fiscal 2014.

-- Organic growth of fuel effluent collection at Santa Fe Springs from 15,000 to over 40,000 Gallons per week.

-- The Company, based on meeting its financial goals has started to accept new customer opportunities for the current quarter and next calendar quarter.

Dennis M. Danzik, Chief Executive Officer of RDX, stated, "We achieved record results through a focused effort during our second quarter, reflected by over $ 2 million of adjusted EBITDA for the second quarter. We concentrated on our primary properties, and stayed focused on shipped and billed product. Coming out of a reconstructive first quarter with the divestiture of our Canadian operations, was difficult. But with the diligent work of our team, and special recognition of the efforts by our Chairman, Tony Ker; the work was successfully completed, without losing revenue targets for the second quarter. "

"Our backlog demand continues to grow in all of our divisions. As a Company, we are dedicated to adding additional customers and increasing revenue, while strengthening our margins, and improving profitability. At the same time we continue to work on securing our cash position, and insure that we can deliver value add to each customer."

Mr. Danzik concluded, "Once again, we have accomplished our key performance targets. Our on property management has exceeded expectations, but our work is far from done. The next few financial quarters should allow RDX to grow, as well as present an opportunity to instill confidence in our investors. Consistency in maintaining our high product quality to our customers will provide consistency in our earnings. That process will over time build investor trust and confidence in our Company."

About RDX Technologies Corporation

RDX Technologies Corporation is a water treatment and energy technology company. The Company applies water treatment technology to provide waste water treatment services to a variety of industries. In addition, RDX technology allows for the mining of valuable materials from waste water streams. Most of the materials mined from waste water sources are currently converted to energy in the form of renewable fuels.

The Company also supplies a wide range of commercial scale water and refinery systems, machinery and products within the waste water, refining, and remediation industries.

The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".For further information please contact:

ON BEHALF OF THE BOARD OF DIRECTORS

"Dennis M. Danzik"

Dennis M. Danzik, CEO

[e-mail]

"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."


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES, INC)
SUPPLEMENTAL FINANCIAL INFORMATION
(IN CANADIAN DOLLARS)
Three Months
Ended
September 30,
2013
Net Income - continuing operations $ 733,000
Interest 372,000
Taxes -
Amortization (in operating costs) 1,066,000
Amortization (in cost of revenue) 869,000
EBITDA 3,040,000
Stock-based compensation (68,000)
Foreign exchange gain on note payable (454,000)
Change in fair value of PTEC earn-out (113,000)
Gain on forgiveness of indebtedness (121,000)
Other expense 46,000
Adjusted EBITDA 2,330,000


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES INC.)
INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME (LOSS)
(IN CANADIAN DOLLARS)
Three Months Ended September 30, Six Months Ended September 30,
2013 2012 2013 2012
Revenue $ 11,806,880 $ 1,581,840 $ 18,773,913 $ 2,693,546
Cost of revenue:
Direct expenses 7,784,967 471,246 13,693,575 1,417,682
Amortization 1,065,620 144,972 1,985,475 287,666
Total cost of revenue 8,850,587 616,218 15,679,050 1,705,348
Gross profit 2,956,293 965,622 3,094,863 988,198
Operating expenses:
General and administrative 1,692,231 2,188,740 4,131,283 4,050,436
Share-based payment expense (67,735) 241,828 116,988 519,188
Amortization 868,653 745,295 1,729,666 1,388,120
Total operating expenses 2,493,149 3,175,863 5,977,937 5,957,744
Income (loss) from operations 463,144 (2,210,241) (2,883,074) (4,969,546)
Other income (expense):
Finance costs (371,745) (18,880) (674,232) (34,973)
Foreign exchange gain (loss) on CWT notes payable 454,000 - (158,000) -
Change in fair value of PTEC earn-out 112,500 - 202,500 -
Gain on forgiveness of indebtedness 120,573 - 120,573 -
Other income (expense), net (45,758) 47,585 (41,351) 47,585
Total other income (expense) 28,705 (550,510) 12,612
Income (loss) before tax 732,714 (2,181,536) (3,433,584) (4,956,934)
Income tax expense - 52,635 - 52,635
Income (loss) from continuing operations 732,714 (2,234,171) (3,433,584) (5,009,569)
Income from discontinued operations 416,345 682,132 922,443 471,368
Net income (loss) $ 1,149,059 $ (1,549,039) $ (2,511,141) $ (4,538,201)
Basic and diluted income (loss) per share - $ 0.01 $ (0.02) $ (0.02) $ (0.04)
continuing operations
Basic and diluted income (loss) per share - - 0.01 - -
discontinued operations
Basic and diluted income (loss) per share $ 0.01 $ (0.01) $ (0.02) $ 0.04
Weighted average number of
common shares outstanding 169,123,820 129,856,925 166,930,240 122,054,162
Comprehensive income (loss):
Net income (loss) $ 1,149,059 $ (1,549,039) $ (2,511,141) $ (4,538,201)
Other comprehensive income (loss) - Item that
may be reclassified subsequently to earnings:
Foreign currency translation adjustments (1,142,263) (192,285) 404,693 (161,122)
Comprehensive income (loss) $ 6,796 $ (1,741,324) $ (2,106,448) $ (4,699,323)


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES INC.)
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL
POSITION
(IN CANADIAN DOLLARS)
September 30, March 31,
2013 2013
Assets
Current assets:
Cash $ 3,495,205 $ 1,336,478
Trade and other receivables, net 6,081,864 7,695,442
Accrued revenue - 539,395
Inventory, net 2,441,826 1,154,134
Prepaid expenses and other current assets 629,313 663,401
Total current assets 12,648,208 11,388,850
Restricted cash 82,413 159,771
Property, plant and equipment, net 52,529,223 27,548,066
Intangible assets 17,243,298 18,404,007
Goodwill 8,130,068 2,668,952
Other assets 5,785,331 5,715,018
Total assets $ 96,418,541 $ 65,884,664
Liabilities and Equity
Current liabilities:
Accounts payable $ 3,948,234 $ 5,715,945
Accrued expenses 6,185,467 6,323,559
Income tax payable - 5,067
Notes payable, current portion 3,378,319 151,069
Obligations under finance lease, current portion 86,039 92,328
Total current liabilities 13,598,059 12,287,968
Notes payable, non-current portion 19,069,880 1,248,116
Obligations under finance lease, non-current portion 239,713 289,379
Santa Fe Springs purchase price payable 5,581,082 5,513,251
Environmental remediation liability 5,656,750 5,588,000
PTEC earn-out 127,500 330,000
Asset retirement obligations - 58,234
Total liabilities 44,272,984 25,314,948
Commitments and contingencies
Equity:
Share capital 79,964,218 66,732,800
Warrants 2,543,829 2,162,794
Contributed surplus 2,418,527 2,348,691
Accumulated other comprehensive income 510,837 106,144
Accumulated deficit (33,291,854) (30,780,713)
Total equity 52,145,557 40,569,716
Total liabilities and equity $ 96,418,541 $ 65,884,664

SOURCE RDX Technologies Corporation

http://rt.prnewswire.com/rt.gif?NewsItemId=TO759&Transmission_Id=201311210732PR_NEWS_USPR_____TO759&DateId=20131121

[Kurupt]

RDX Granted Discharge Permit for Santa Fe Springs Facility

Permit Includes Approval of RDX Multi-Tier Water Treatment System

SCOTTSDALE, AZ, Oct. 17, 2013 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7),

A water treatment and energy technology company, today announced it has been granted a waste water discharge permit for its Santa Fe Springs treatment facility during its air quality hearing conducted on October 16th, in Diamond Bar, California.

The permit includes the ability to discharge 200,000 Gallons per day, and in capacity situations, discharge 300,000 Gallons per day. The permit also for the first time in a major municipal area (Los Angeles metropolitan area) also permitted RDX waste water treatment equipment and technology manufactured by the RDX facilities located in Scottsdale, Arizona. A major achievement in one of the most heavily regulated air and water quality areas in the world.

Dennis M. Danzik, RDX CEO stated "This permit marks nearly two years of very hard work by our management and staff in both Santa Fe Springs, and Scottsdale. It also signifies that our technology and equipment exceeds standards for operations within major metropolitan areas. In addition, we will now have the ability to operate all six independent "Multi-Tier" systems that will enable us to capture up to four times the valuable effluent from which our renewable fuel products are refined, and substantially cut treatment costs."

Danzik also stated, "Currently the Company has been successfully mining and shipping about a truckload of effluent to our Carthage refinery every 2 to 3 days, over the last several months. Our California to Missouri shipping program was started to prove our business model. We have proven that we can mine and ship our raw materials which we gain from waste water, and retain a substantial margin. Currently, a truckload of effluent is worth about $ 22,000.00 to us, when converted. Our only cost is shipping the effluent to Missouri and that costs about $ 3,500.00, but this cost is offset by the tipping fee paid by our customers at Santa Fe Springs. The permitting awarded in California, will allow us to greatly improve efficiency and gain more of our target customer base. We are expecting results of our water mining to grow more than 300% by the end of this calendar year. Over the next several months, as refinery capacity is added at Santa Fe Springs, the effluent collected will be converted to fuel on site. "

The Company also announced that it will start large scale remediation of the 13 northern acres of the Company's 19.5 acres. Remediation is a part of a submitted Remediation Action Plan that includes the demolition of old petroleum tanks, and remediation of shallow soils. The Company holds a $ 5MM dollar remediation contract as a part of the acquisition in April of this year. In addition the Company expects to realize between $ 1.2MM to $ 2.2MM in additional revenue from steel, aluminum and other salvage operations on the site, beginning next month.
Danzik stated "With our permitting now in place, we can prepare to capture the large value that we have all worked hard to obtain. The footprint of our Santa Fe Springs facility is about 6 acres; this is on par with our facility in Missouri. Our aggressive remediation program, which will run through December of 2014, matches the Remediation Action Plan of the adjacent 36 acres that neighbors our property and was part of the original petroleum refinery, nearly twenty years ago. Revenue billings against our remediation contract will begin next month, and will continue through next year. Our Board of Directors on October 8th approved the marketing of our excess real estate, and we will be using this substantial asset to capture cash, through debt or sale. Our expectations on value, is $ 8MM to just over $ 10MM depending on the new parcel lines. Our remediation contract and the capture of the values in our excess real estate holdings provide a pathway to continued growth, a further strengthening of our balance sheet, and benefit to our shareholders."

The Company would like to publicly commend, and congratulate our staff who worked diligently at our Facility over the last year; Paul Kita, Manager - Engineering Services, Douglas Bean, Manager -
Special Projects, Michael Barranco, P.E. - Facilities Engineer, Jan Johnson - Manager - Customer Service. The Company would also like to recognize Scott Havrisik - Vice President of Business Development, and Bob Everett, Manager - Energy Division, who both have put in countless hours at Santa Fe Springs over the last year and a half, and now run our Energy Division.

[swanlinbar]

RGDEF current shares out are 169M i believe.Should be around 8 million or so sfter r/s if that's is what they do to get on Nasdaq i believe. new website, hope it helps.Still holding all my shares with a .28 avg. http://www.rdxh2o.com/investors.html http://www.siliconinvestor.com/readmsg.aspx?msgid=29030485&srchtxt=ridgeline

[10 bagger]

RLE.. Does anyone know how many shares are outstanding and how many shares are /will be outstanding fully diluted..?? Also any Idea on the amount of the buy back..?? hank

[phi0x]

RDX Board Approves Stock Buyback Plan

Up To 15,000,000 Shares Over Twelve Months

September 5, 2013 - Scottsdale, Arizona, - RDX ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company announces that the Board of Directors has approved a share buyback plan for the next year.

RDX announces that subject to the rules of the TSXV, a stock buyback plan that will commence as soon as an approved brokerage account can be established. The stock buyback plan will run through August of 2014, but the stated shares can be purchased beginning when the approved brokerage account is established. All shares will be purchased through a broker/member at the market price based on the last independent trade of RDX shares. RDX will only transact through a broker/member in the public market. Notice will be give if RDX changes brokers. All trades must be done through the TSXV, there will be no pre-arranged trades, crosses or private trades. All shares purchased will be cancelled.

Dennis M Danzik, RDX CEO stated, “This is one of the steps that the Company will be taking to clean up our capital structure over the next twelve months. By reducing the number of outstanding shares, we believe we are creating more flexibility as a Company and anticipate steadily increasing our shareholder value. Another foundational step in a long term process to build a value based organization.”

About RDX Technologies Corporation

RDX Technologies Corporation 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 abroad spectrum of industries. The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".For further information please contact:

ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
[e-mail]

"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."

[swanlinbar]

RDX Technologies Completes First Quarter Restructuring

Guidance on 2nd Quarter to Show Positive EBITDA
July 2013 EBITDA Exceeds $ 650,000

August 29, 2013 – Scottsdale, AZ and Calgary, Alberta, RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today provides an update and general business overview of its first quarter fiscal 2014 results for the three months ended June 30, 2013.

Dennis Danzik, CEO of RDX Technologies, commented, “As promised, our management team has completed nearly five months of very hard work in strengthening the fundamentals of RDX to support our anticipated long term growth. We continue to experience strong growth in our water treatment business, as evidenced by a five-fold increase in water treatment revenue for the first quarter of fiscal 2014. Water treatment and the beneficial products that we derive from that process now represent 100% of our focus. The recent sale of our legacy Environmental and GreenFill divisions, and the results of their operations are reported as discontinued operations for the quarter. Results for the quarter ending June 30, 2013 reflect the transition and restructuring of our business. As a result of the sale, of our Canadian operations we significantly enhanced our balance sheet. The Company’s current cash position now stands at approximately $ 4.5 million. Our Santa Fe Springs and Carthage, Missouri facilities are generating stronger cash flow and are currently pacing just over US$ 40 million revenue run rate and we are witnessing a strong performance increase. The chart below describes our approximate EBITDA performance since our fiscal 2013 year-end.”

RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES, INC.)
SUPPLEMENTAL FINANCIAL INFORMATION
(IN CANADIAN DOLLARS)
EBITDA BY MONTH – April through August 2013

April 2013 EBITDA $ ( 684,000)
May 2013 EBITDA $ ( 660,000)
June 2013 EBITDA $ ( 37,000)
July 2013 EBITDA (estimated) $ 665,000
August 2013 EBITDA (estimated) $ 655,000

“In addition, our balance sheet has now exceeded $ 100 million and the fundamentals of our day to day business have improved greatly. Cash, (excluding discontinued operations) increasing from approximately $ 1.0 million at fiscal year-end to greater than $ 4.5 million. Trade receivables now exceed $ 3 million from just our two operating properties, Santa Fe Springs and our Carthage facility. We are also very proud of the fact that we have reduced our trade payables to $ 4.1 million since fiscal year-end and we expect that number to be reduced to approximately $ 3.6 million or less by the end of the first week of September.”

In addition to our regulated financial filings that will take place later today; we thought it prudent and helpful to disclose how our work over the last few months has improved our financial position. The following supplemental financial information shows select activity from our first quarter ended June 30, 2013 with the anticipated divestiture of our Canadian operations;




Since the end of fiscal 2013 the Company has experienced stronger revenues by month after allowing for discontinued operations of Ridgeline Environmental and Ridgeline Greenfill.


RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES, INC.)
SUPPLEMENTAL FINANCIAL INFORMATION
(IN CANADIAN DOLLARS)

REVENUE BY MONTH – After Discontinued Operations - April through August 2013

April 2013 Revenue $ 1,987,000
May 2013 Revenue $ 1,409,000
June 2013 Revenue $ 3,571,000
July 2013 Revenue (estimated) $ 3,973,000
August 2013 Revenue (estimated) $ 3,150,000

Danzik added, “Looking ahead, we have built a highly scalable business model. We have demonstrated our ability to acquire and integrate underperforming assets. By installing our technologies, we are able to mine waste water and produce high margin fuel from the byproduct. This sets us apart from the industry, which has historically relied on tipping or pumping fees. As a result, we have an almost limitless supply of waste water we can tap into with our technologies. As we increase throughput at our existing facilities, we expect to benefit from strong incremental margins. Our near term focus for the remainder of this year is maximizing profitability of our existing assets, and establishing a financial base that is financeable with conventional debt.”

The Company will host a business update conference call today, Thursday, August 29th at 10:30 a.m. Eastern Time. Interested parties can access the conference call by dialing (877) 407- 0778 for U.S. or Canadian callers or [phone] for international callers, or listen via a live Internet webcast on the Company's website at www.rdxh2o.com.

A teleconference replay of the conference call will be available approximately one hour following the call, through midnight Thursday, September 12, 2013, and can be accessed by dialing [phone] (U.S. or Canadian callers) or [phone] (international callers) and entering conference ID: 100226. A webcast replay of the conference call will be accessible on the Company’s website at http://www.rdxh2o.com/ for 90 days.

About RDX Technologies Corporation

RDX Technologies Corporation 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 abroad spectrum of industries. The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".For further information please contact:

David Waldman at Crescendo Communications
Investor Relations
[phone]
[e-mail]

ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
[e-mail]

"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."






Copyright © 2013 Ryan Johnson 604-683-0911, All rights reserved.

You are receiving this email because you opted in at a website, at an exhibitor booth, or requested information through a marketing program. If this is incorrect please accept my apologies and after unsubscribing you will not be contacted again.

Our mailing address is:
Ryan Johnson 604-683-0911
1750 - 999 Hastings Street West
Vancouver, BC V6C2W2
Canada

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Ridgeline Name and Ticker Symbol Change

Ridgeline Energy Services Inc. (TSXV:RLE)
Intraday Stock Chart
Today : Wednesday 21 August 2013

Click Here for more Ridgeline Energy Services Inc. Charts.
Trading Under Symbol "RDX" Begins Today

SCOTTSDALE, AZ and Calgary, AB, Aug. 21, 2013 /CNW/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced its Corporate Name and Ticker Symbol change.

Ridgeline Energy Services, Inc. today changes its name to RDX Technologies Corporation.

The Company's new Ticker Symbol on the Toronto Venture Exchange will be "RDX". Ticker symbols on the OTCQX "RGDEF" as well as Frankfurt "RL7" will remain the same.

The new website for the company will launch September 2, 2013 under www.rdxh2o.com.

Dennis M. Danzik, Chief Executive Officer of Ridgeline Energy Services, stated, "Today marks a significant day in the history of the Company. Through constant refinement of our mission, we have successfully turned 100% of our focus to the business of water management and the energy that can be produced through our technologies."

Danzik added, "In addition, our corporate staff has worked tirelessly over the last four months to also develop methods of informing the communities in which we work, and investors of the capabilities of our technologies and the value that we deliver to our customers and our shareholders."

About RDX Technologies Corporation

RDX Technologies Corporation 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. The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".

ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
[e-mail]

"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.


Copyright 2013 Canada NewsWire

[hamilton]

Subsequent to the conference call the three analysts covering Ridgeline each dropped their price target citing among other factors the weak balance sheet, slower growth, results below their forecast and limited visibility. They are:
Mackie Research to C$0.50 from $1.10
Clarus Securities to C$0.90 from $1.00
Cormark Securities to C$0.85 from $0.90

Lots of room to make money here even with the foregoing.

[phi0x]

Ridgeline Clarifies Investor Questions(GOOD NEWS)

Further Detail from Investor Conference Call on July 25, 2013

July 29, 2013 - Calgary, Alberta, Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today addresses specific questions resulting from the investor conference call on July 25, 2013 and the March 31, 2013 consolidated financial statements filed last week on SEDAR.

Dennis M. Danzik, Chief Executive Officer of Ridgeline Energy Services, stated, “Last week culminated with announcements and discussions surrounding the cleanup and sale of less productive divisions operated by our Company. These included the environmental and soil remediation operations, primarily located in Alberta Canada. Last week after our fourth quarter and fiscal year end 2013 earnings release conference call with our investors, the Company received several calls that management determined should be further clarified in the broadest manner possible, so I have chosen to launch this detailed release to give some pinpoint clarity as to specific questions regarding the Company’s financial condition.”

The following is a summary to our most Received Questions:

Given the sale of the Company’s Environment and Greenfill divisions, is Ridgeline Energy Services, Inc. going to become a private company and no longer trade on the Toronto Venture Exchange?

No. Ridgeline Energy Services, Inc. which is a publicly traded Canadian company will take on a name change to RDX Technologies Corporation within the next several days after the proper paperwork is filed with the stock exchange. All common shares currently held by shareholders of the Company, traded under “RLE” on the Venture Exchange, “RDGEF” on the OTCQX, and “RL7” on the Frankfurt Stock Exchange, remain in place and fully trading.

Is Ridgeline Energy Services, Inc. “RLE” currently in a poor liquidity position?

No. RLE cash position has greatly improved since March 31st of this year, due to strict cash management programs and the sale of underperforming assets. As of today our cash balance is in excess of $ 3,000,000. This is up from the approximately $ 1,300,000. as stated in our year end financials.

Will Ridgeline Energy Services, Inc. be raising capital through an equity raise?

No. Our Company is in a strong position to demonstrate our ability to earn profits through our waste water treatment operations in Santa Fe Springs California and in Carthage Missouri. The Company currently has no plans through our second or third financial quarters to consider any capital raise through the use of our equity.

Why will Ridgeline Energy Services, Inc. not need to raise capital from an equity raise during fiscal 2014?

Simple, we will not be spending on any new capital equipment projects. Our primary water treatment facilities in California and in Missouri are fully operational and cash flow positive. Our mission now is to focus on spending reductions, especially at the SG&A level with a goal of spending less than $ 350,000 per month while refining our net profit from these two great facilities.

With the Company’s current plans, Will Ridgeline continue to grow?

Yes. But we will grow as a Company from our two primary facilities through the end of this fiscal year. Each of our properties in California and Missouri has the ability to produce tens of millions of dollars in revenue per property. The revenue potential at these properties allows for enough growth for this fiscal year.

Ridgeline Energy Services, Inc. has over $ 12,000,000 in “Trade Payables”.

No. The Company did not have over $12,000,000 in “trade payables” as of March 31, 2013 but rather had over $12,000,000 in “trade and other payables” as of March 31, 2013 which included deferred revenue, non-cash accruals, payables related to the divisions being sold, and other liabilities. The trade and other payables as of March 31, 2013 included the following:

Trade and other Payables (to date): $6,500,000
Payables anticipated to be transferred upon the sale of the Environment and Greenfill divisions: $3,289,000
Santa Fe Springs non-recurring acquisition related costs: $1,276,000
Deferred revenue and other non-cash accruals (i.e. straight line rent): $935,000

Mr. Danzik continued, "Doubling revenues year over year for any company is challenging, and we are now set for our largest revenue growth year. Over the coming months, and through this fiscal year, you will see our Company highly focused on our current operations and shareholder value.”

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Probably because of this,most likely the seller also!I added another 2.5K today. Ridgeline Announces Management Changes
3:40p ET July 25, 2013 (PR NewsWire)
Includes Elimination of Chief Operating Officer Position

Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE) (OTCQX: RGDEF) (FSE: RL7) a water treatment and energy technology company, today announces management changes effective today.

Ridgeline today announces the elimination of the position of Chief Operating Officer, which was held by Richard Winterich. With the substantial reduction of employees and operating complexities that resulted from the sale of Ridgeline Environmental and Ridgeline GreenFill the company has taken steps to further reduce administrative management and streamline operations.

Dennis M. Danzik, Chief Executive Officer of Ridgeline Energy Services, stated, "As a Company, we wish to thank Richard Winterich for great service, sound management counsel, and leading the development of our manufacturing efforts in Arizona. All of the dedicated work that Richard performed while at Ridgeline was through a time of historic revenue growth and expanded operations across the United States."

In addition, the Company announces the implementation of a business manager form of operational management for its Santa Fe Springs and Carthage Missouri operations.

Joseph Murray has been named Business Manager for the Santa Fe Springs facility. Mr. Murray was formerly the Operations Manager at the facility and will now have full profit and loss responsibility for the Company's Santa Fe Springs facility. Mr. Murray has been with the Company for nearly 2 years.

Candy Blazar has been named Business Manager for the Carthage Missouri facility. Ms. Blazar formerly held the position of Controller. Ms. Blazar will now have full profit and loss responsibility for the Company's Carthage facility. She has been with the Company since October of 2012, and has acted as a senior manager of the facility since January of this year.

John Shaw has been named Manager of Refinery Operations in Carthage. Mr. Shaw previously held a variety of positions with the company including operations manager. He has been employed at the Carthage facility for 11 years.

James Saxton has been named Manager of Refinery Operations for the Santa Fe Springs facility. Mr. Saxton was previously an operations manager for the Philadelphia research and development site, and has been with the Company for 13 years. Mr. Saxton also provides technical counsel to all of our refinery development and manufacturing efforts at or Scottsdale manufacturing facilities.

Mr. Danzik continued, "Our concentration on water has allowed us to focus and streamline our core business, which includes a move to a strong Business Manager form of operational control, thereby reducing administrative management layers. As we developed our Santa Fe Springs and Carthage assets, we identified our strongest managers over the last year and have now put in place a business structure that requires no additional management layers between the operational management of the facility and our "C" level executive management, which includes Kevin Bridges, our CFO and myself. It is important to recognize the fact that selling our consulting businesses in Canada was only a part of the plan moving forward. We have implemented a lean and cost effective administrative structure that places accountability for individual operations at the facility level, thereby allowing us to identify and achieve specific metrics that work and can be replicated across the organization. "

"I congratulate our teams in both Santa Fe Springs and Carthage on a job well done for the first half of this year."

About Ridgeline Energy Services Inc.

[phi0x]

anyone know why the selloff today of RLE? 5.07million shares and counting trading today! I think it's a all time high of volume..

the news appears to be good though..? not sure what I'm missing.

[phi0x]

Ridgeline Reports 97% Increase in Annual Revenue and 275% Year-Over-Year Revenue Increase in Fourth Quarter of Fiscal 2013

http://www.newswire.ca/en/story/1202933/ridgeline-reports-97-increase-in-annual-revenue-and-275-year-over-year-revenue-increase-in-fourth-quarter-of-fiscal-2013

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Ridgeline Executes Definitive Agreement for Sale Canadian Environment and GreenFill Divisions
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Ridgeline Energy Services Inc. (TSXV:RLE)
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Today : Friday 19 July 2013

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Sale is for CDN $ 7.347 Million

CALGARY, AB and SCOTTSDALE, AZ, July 18, 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 announces the execution of an Definitive Purchase Agreement ("DA") to sell both of its Canadian Environmental Services and Greenfill business divisions to Ridgeline Canada, Inc. of Calgary.

Ridgeline is pleased to announce subject to approval of the TSXV the execution of the DA to sell ("Sale") all of its Canadian Environmental ("Consulting") and GreenFill soils treatment ("GreenFill") business divisions to Ridgeline Canada, Inc. (RCI) of Calgary. The DA includes both operating divisions based in Canada. The divisions known as Ridgeline Environment and Ridgeline GreenFill will be operated as a private company. Ridgeline Canada, Inc. will also become the exclusive representative for waste water treatment in Canada for the oil and gas industry.

In summary, the terms of the transaction are as follows; 1) A $ 1,000,000.00 initial payment was made to the company today; 2) An additional $ 1,000,000.00 will be paid in additional earnest monies no later than August 9th; 3) $2,500,000 in a debt instrument at 6% interest and 4) The immediate assumption by RCI of $ 2,846,739.00 in vendor and overhead debt by RCI. The terms of the agreement also afford RCI the option of paying a total of $ 4,000,000.00 in cash prior to Closing and earn a discount of $ 500,000.00 on the purchase price.

The sale of the Consulting and GreenFill will also signal the change of the name of Ridgeline Energy Services, Inc. and Ridgeline Energy Services (USA), Inc. to RDX Technologies Corporation on August 1st, 2013.

Dennis M. Danzik CEO stated "The sale of Consulting and GreenFill marks a bittersweet moment in the long history of Ridgeline. The legacy environmental Consulting business will continue to thrive and grow, with many of the current management staying with the both the Consulting and GreenFill divisions. We wish Ridgeline Canada all the best in the future. As our exclusive representatives for waste water treatment for the oil and gas industry, we will be working closely with the RCI team to continue growth in waste water opportunities as they arise."

The Company expects to close the transaction by August 31, 2013 or earlier subject to required regulatory approvals. During time between now and closing RCI is operating the Canadian operations effective since July 1, 2013 with all revenues, liabilities and expenses being assumed by RCI.

The Ridgeline and GreenFill names and trade names will transfer with the Sale of the divisions. The Company had a name change approved at its last Annual General Meeting and will become RDX Technologies Corporation on August 1st, 2013.

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" and the OTCQX as "RGDEF". Also traded on the FSE (Frankfurt) 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

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RLE/RGDEF Ridgeline Executes Intent to Sell Canadian Environment and GreenFill Businesses Operations

Expected Sale is for CDN $ 7.2 Million in Cash

Postponed Earnings Report until July 25, 2013

CALGARY, AB and SCOTTSDALE, AZ, June 27, 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 announces the execution of a Letter of Intent ("LOI") to sell both of its Canadian Environmental Services and Greenfill business divisions to Ridgeline Canada, Inc. of Calgary.

Ridgeline is pleased to announce the execution of an LOI to sell ("Sale") all of its Canadian Environmental ("Consulting") and GreenFill soils treatment ("GreenFill") business divisions to Ridgeline Canada, Inc. of Calgary. The LOI includes both operating divisions based in Canada. The divisions known as Ridgeline Environment. and Ridgeline GreenFill will be operated as private companies.

The Ridgeline trade names are also a part of the sale.

Ridgeline Canada, Inc. will also become the exclusive representative for waste water treatment and fuel refining in Canada.

Dennis M. Danzik CEO stated "We are delighted that we were able to sell both our  environmental consulting operation and soil remediation business, which are obviously no longer the focus of our core business. This transaction will also give our rapidly growing U.S. and Canadian operations some long term representation in Canada through management that we have worked with for many years. This also provides our waste water and energy operations with substantial growth capital without a financing."

"Due to the substantial growth of Ridgeline Energy Services, Inc. and the divesting of our environmental consulting divisions, management deems it necessary to postpone our earnings release that was scheduled for today. The earnings report will be rescheduled for July 25th, 2013."

The Company expects a definitive agreement on the Sale to be executed by June 28, 2013 along with a substantial down payment to be made to the Company at that time.

Danzik also stated "This is a great continuation of what is a small company in Calgary that has grown modestly for more than a dozen years, and given great service to over 40 oil and gas customers. It is also a substantial sign of continued growth for our waste water business that is in demand in almost every corner of North America."

The Ridgeline name will transfer with the Sale of the divisions. The Company had a name change approved at its last Annual General Meeting and will become RDX Technologies Corporation in about two weeks.

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" and the OTCQX as "RGDEF".  Also traded on the FSE (Frankfurt) 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.

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RGDEF-RLE Ridgeline Earnings Conference Call
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Ridgeline Energy Services Inc. (TSXV:RLE)
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Today : Friday 7 June 2013


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 /PRNewswire/ - 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.

Business Update
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.

Earnings Call
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.

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Ridgeline Announces Management Agreement
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Ridgeline Energy Services Inc. (TSXV:RLE)
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Today : Monday 13 May 2013


M2 Renewables Joins Ridgeline's Growing Team

Patented Technologies and Water Treatment Assets

CALGARY and SCOTTSDALE, AZ, May 13, 2013 /CNW/ - Ridgeline Energy Services Inc. ("Ridgeline" "RLE" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a technology driven company operating in the waste water industry, today announced a Management Agreement with M2 Renewables ("M2R") of Lake Forrest, California, effective May 10th, 2013.

The Management Agreement allows Ridgeline to manage M2R while a definitive agreement to purchase all interests of M2R by Ridgeline is finalized by mid-June, 2013. A required third party audit will be conducted of M2R.

M2R operates on a seven acre industrial waste water treatment facility located in Fontana California. In addition, M2R has installed its waste water treatment technology in some of the largest food processing plants in the United States. M2R also operates sales offices in Kansas City, central to Ridgeline's Carthage, Missouri facilities.

M2R technology centers on a patented MicroScreen process and patented tertiary filtration system that eliminates suspended solids as well liquid contaminates.

This transaction marks the fifth Ridgeline Management Agreement in just over one year. A step by step process used successfully at the Santa Fe Springs facility in California, and the Company's Carthage, Missouri facility. The Management Agreement allows Ridgeline to do a higher degree of diligence as the company has full access and visibility of financials, operating capabilities, customers, suppliers, and all aspects of managing the business. Ridgeline will have independent auditors reviewing all financial and business records of M2R since its inception in 2003.

The definitive agreement expected to be executed next month, will include all M2R patents and intellectual property. The Management Agreement and future definitive agreement are expected to add approximately $ 5.5MM in annual revenues for this fiscal year alone. The Management Agreement includes a $ 150,000 per month payment to Ridgeline for initial costs of matriculating in operations of M2R. Seventy percent of the final purchase of M2R by Ridgeline is based on an agreed earn out schedule. Ridgeline's in house manufacturing is expected to more than double M2R's sales margins.

Dennis M. Danzik, CEO stated; "The addition of the substantial suite of M2R business operations, Patents and equipment to Ridgeline is immediately accretive, and completely disruptive to current technology; specifically, when it comes to two dated technologies; dissolved air flotation and solids dewatering. The combination of Ridgeline's micro gas separation technology and M2R MicroScreen conserves up to 70% of the energy used in older technologies and substantially reduces the use of water treatment chemicals. M2R joining the Ridgeline Team brings three major components to our Company's future. First, a great geographic location in Fontana California, that extends our rapidly growing market reach in Southern California. Unlike our build out challenges at our Santa Fe Springs, that took months to upgrade; the Fontana facility is a fully functioning water treatment complex that not only treats water for major customers, but delivers a substantial portion of that water back for industrial reuse. Second is the perfect bolt on, patented technology that M2R has developed, and commercialized. The M2R group brings a new line of products to manufacturing at Ridgeline. Last but not least, is the world class team at M2R, including depth of financial management, unmatched environmental experience, and technological abilities second to none in tertiary water treatment. Our team at Ridgeline knew that M2R and its management had several paths to business objectives. We are very pleased that M2R management chose Ridgeline. It is a very flattering endorsement. One visit to the M2 Renewables website will both educate and impress."

Christopher Rhoades, M2R CEO stated, "I am very excited about the synergies between M2 Renewables and Ridgeline Energy Services. The M2R MicroScreen and Modular Filter Systems will significantly enhance the solids removal process and reduce cost for Ridgeline's fast-growing industrial waste water and oil and gas business segments. Ridgeline provides us with an improved business model to actually design, build, own and operate our combined technologies at our facilities or the customer's site. Together, we will provide more value to the industrial customer while expanding Ridgeline's ability to mine waste water for valuable materials to be converted to fuel and other energy products at the Ridgeline plants. Further, Ridgeline's manufacturing capabilities will allow us to significantly reduce costs, which will drive margin expansion and market share opportunities."

The Management Agreement between Ridgeline and M2R will expand revenue opportunities immediately in the mid-West including Kansas, Arkansas, Texas, Louisiana, Mississippi, and Tennessee. The newly combined technology assets will be focused on large food processing plants in the mid-West that are currently experiencing substantial cost increases in waste water processing and disposal. M2R has installations at some of the largest food processors in the world, and nearly a dozen purchase orders for initial testing, primarily in the central and southern United States.

About M2 Renewables:

M2R developed, patented, and has commercialized technology in the treatment of municipal and select industrial waste water. M2R technology reduces capital costs by 50%, electricity costs by 20 to 80%, and reduces the footprint required by 90% over conventional dissolved air water treatment and chemical flocculation. The company's systems can also convert wastewater to water that can be used for irrigation and other water reuse applications. Additional information is available on the company's website: www.m2renewables.com

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 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

D.M. Danzik
Dennis M. Danzik
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.


Copyright 2013 Canada NewsWire

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Ridgeline Schedules Earnings Conference Call
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Ridgeline Energy Services Inc. (TSXV:RLE)
Intraday Stock Chart
Today : Friday 10 May 2013


Fiscal Year 2013 and Fourth Quarter Financial Results June 11th, 2013 at 11:00 a.m. Eastern Daylight Savings Time

CALGARY and SCOTTSDALE, AZ, May 10, 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 announced its Fiscal 2013 and Fourth Quarter Financial Results conference call will be held on June 11th, 2013 at 11:00 a.m. Eastern Time.

Conference Call

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 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 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

D.M. Danzik
Dennis M. Danzik
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.

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Ridgeline (RLE.V) RGDEF-- To Our Valued Shareholders:

As you are aware, the stock has been under considerable pressure due to a number of rumors and speculation in the market. We’d like to take this opportunity to address some of our investors’ concerns that have come to light.

First, the business remains on track. We have a solid and sustainable balance sheet and our growth has never been better. The integration of Santa Fe Springs (“SFS”) and Carthage (formerly “CWT”) has exceeded our expectations. Combined revenues from SFS and Carthage have increased from $15 million to a $40 million annual run rate and are still increasing.

Given our strategy to acquire underperforming and distressed assets, it is not uncommon in the U.S. to encounter legal disputes among minority legacy shareholders of an entity being acquired. As it relates to CWT, the majority owners of the facility were sued by their minority shareholder, and Ridgeline was named in this action. Let me state clearly that Ridgeline has acted properly in its management and acquisition of CWT LP. We and our attorneys are confident that GEM’s lawsuit is frivolous and that their claims will be dismissed early in the litigation.

We are aware and concerned that the minority shareholder issued a misleading and inflammatory press release and opted to try their case in the press thus pressuring our stock price rather than relying on presenting the facts to a Judge, who has already expressed grave doubts about the merits of their case.

Ridgeline’s first goal will be to move for a dismissal of all claims. As this is an active legal matter, we are limited in what we may disclose. However, Ridgeline’s responses to the allegations in the lawsuit will become a matter of public record in due course, and we believe it will become clear to everyone that the actions that GEM took were improper, at best and that Ridgeline acted appropriately.

It is very important to point out that this litigation actually began in March of this year before Ridgeline was included as a party, when GEM attempted to persuade the New York State court to block the acquisition of CWT LP by Ridgeline. At that time, the Honorable Shirley Werner Kornreich presiding over the case denied GEM's attempts to block or delay the acquisition and expressed skepticism that GEM would succeed on its claims in the lawsuit because there was evidence that GEM itself had breached its agreements.1 Additionally, the Judge noted that GEM did not have clear and convincing evidence that would allow it to succeed in its case. All of the relief GEM sought was denied2.

Indeed, GEM failed to comply with its contractual obligations to provide funding to operate CWT properly. As a result of GEM’s failure to meet and breach of its funding obligations, CWT's business was severely constrained and put at substantial financial risk. The transaction that was ultimately completed with Ridgeline provided what is necessary for the business to operate while enabling Ridgeline to gain full control of CWT such that the significant synergies of the acquisition can be realized.

Let me reiterate that this legal matter will not become a distraction and we remain 100% focused on the continued growth of the business. The integration of CWT has gone extremely well, and we have once again demonstrated our ability to acquire an underperforming asset and dramatically improve both the revenue and cash flow. As we have discussed in the past, we have identified other similar assets and look forward to replicating this strategy across North America.

We are very pleased to announce the appointment of two new directors. These appointments were timely as we are transitioning from a Western Canadian, energy services company to a fully integrated, North American industrial water treatment and fuel production company. Given the rapid evolution of the business, we required additional skill sets and market expertise at our board level. We believe the credentials and backgrounds of the new board members speak for themselves. We fully appreciate the service of all our past and present board members, and will continue to expand the board in order to best serve the needs of our shareholders, while ensuring the highest standards of corporate governance.

I am fully confident in our business strategy, especially given our track record at Santa Fe Springs and Carthage, and the strong financial results we expect each of these acquisitions to generate. We remain as optimistic as ever about the growth prospects for the business and look forward to delivering tremendous value for our shareholders in the months and year ahead.

Sincerely,

Dennis Danzik, CEO
Ridgeline Energy Services
“[T]here’s very good evidence here that there was a breach of the subscription agreement [by GEM]” Source: May 13 Proceeding in New York Supreme Court, Page 19, lines 6-7
“I do not believe in this case, there’s clear and convincing evidence that the plaintiff Gem Holdco, LLC will succeed on its case.” Source: May 13 Proceeding in New York Supreme Court, Page 38, lines 15-17
http://ridgelinecanada.us1.list-manage.com/track/click?u=e2a70d473705b9f2c915ea060&id=1ed949dca3&e=65ff08c4e8

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idgeline announces $ 140 million dollar lawsuit against Global Emerging Markets, NA Inc.
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Ridgeline Energy Services Inc. (TSXV:RLE)
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Today : Wednesday 1 May 2013


Lawsuit to name principals of GEM Holdco, Inc.

CALGARY, May 1, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced that it has engaged legal counsel to file a lawsuit against Global Emerging Markets NA, Inc. and its subsidiary GEM Holdco Inc. of New York ("GEM") for damages greater than 140 million dollars.

In addition the action names Christopher Brown, claimed CEO of GEM, as well as counterparts, Edward Tobin and Demetrious Diakolios as defendants. GEM has made claims to have an investment fund worth over a billion dollars.

Ridgeline will pursue civil charges including Fraud, Tortious Interference, and additional claims under the Racketeering in Organized Crime Act, which qualifies for treble damages. Ridgeline will also show that GEM attempted to extort cash payments from Ridgeline, and its current CEO, Dennis M Danzik under threats of GEM releasing negative news on Ridgeline via wire services in the U.S. and Canada.

Ridgeline's claims stem from the fact that GEM and the individual defendants represented that they owned and controlled Changing World Technologies, LP ("CWT") and that GEM had made substantial investment in CWT, when in fact GEM was a small minority shareholder in CWT with less than US$ 800,000.00 invested.

Further progress of the legal action by Ridgeline will also show GEM was involved in an attempt to setup a fraudulent investment in CWT, where GEM would purport to invest a total of US$ 4,000,000, but in fact was arranging a fraud, where the investment would be returned to GEM within few days, without the knowledge of the true owner and seller of CWT, which was CWT Enterprises Canada, Inc.

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".

ON BEHALF OF THE BOARD OF DIRECTORS
"Tony Ker"
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.

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Ridgeline Completes Acquisition of Missouri Facility
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Ridgeline Energy Services Inc. (TSXV:RLE)
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Today : Monday 15 April 2013


CALGARY and SCOTTSDALE, AZ, April 15, 2013 /PRNewswire/ - 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 that, further to its news releases of February 5, 2013 and March 11, 2013, it has, subject to receipt of final TSX Venture Exchange approval, completed the acquisition of all the partnership interests in Changing World Technologies, L.P., a Delaware limited partnership ("CWT LP") pursuant to a unit purchase agreement dated effective March 11, 2013.

CWT LP has two operating subsidiaries, Renewable Energy Solutions, LLC and TDP, LLC, which includes the Carthage facility where over $60 million dollars was invested in the construction and operation of a refinery for the production of renewable diesels, a waste water treatment plant, real estate and buildings. The Company has, through its wholly owned USA subsidiary, become the sole limited partner of CWT LP. The operating plant is set on just over six rail served acres outside Carthage, Missouri. The property location and infrastructure has capacity to process over 150 million gallons of waste water annually.

Mr. Dennis M. Danzik, CEO of Ridgeline, stated, "The Company has now closed two significant acquisitions -- our Santa Fe Springs facility and now our new Missouri facility. Our Missouri plant is a world class facility that completes the Company's transition into a fully integrated waste water business. Our existing Ridgeline technologies for waste water treatment and the production of the resulting effluent into diesel equivalent fuel is now proven. These two assets are expected to continue to grow revenues and profitability."

Danzik also stated, "Our latest management agreement and subsequent acquisition of the property also demonstrate the Company's ability to identify attractive assets where Ridgeline technology can be installed and add substantial value. Once installed, Ridgeline technology is disruptive, resulting in swift customer and revenue gains. The application of the Company's technology, proven management and second-to-none market development experience are keys to improved business performance and our rapidly growing balance sheet, which now includes substantial real estate holdings."

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. 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".

ON BEHALF OF THE BOARD OF DIRECTORS

"Tony Ker"

Tony Ker
Executive Chairman

"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.


Copyright 2013 PR Newswire

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RLE,V-RGDEF nice post on Ridgeline on Silicon investor-From: Ed Ajootian 1 Recommendation of 177856

Celtic, Ridgeline (RLE.V) --- great to see that the 800 lb. gorilla (that would be EOG for those of you scoring at home) has looked at RLE and stuck its thumb in the air. I believe most folks (including me, frankly) had assumed that RLE's treatment facility at EOG's New Mexico site was not a commercial success. This PR removes any concerns about that and instead indicates that it has been so successful that EOG wants RLE to double the water processing capacity there. This represents the first market validation of RLE's ability to treat water related to oil & gas operations (i.e. frac flowback and produced water) that was based on an extended period of actual commercial operations. I believe this will turn out to be a critical development in the history of RLE.

Great to see them also get a foothold in the Marcellus. With $4 natty, there's going to be a ton of drilling over there in the coming years. Water disposal costs are very high over in PA because I believe PA does not believe in having SWD wells and all water needs to be trucked over to Ohio or other states.

I guess now we know why they did that very dilutive equity raise a month or 2 ago. If they wanted to show EOG (and the rest of the oil & gas world for that matter) that they were serious about offering a water treatment solution they had no choice but to jump when EOG stuck its thumb up in the air.

I understand that RLE is going on a promotional tour up in Canada next week, which is perfect timing given the recent news and given how the stock has responded. No doubt they are working on revising the presentation on their website, which is now way obsolete (having last been modified in November). Hopefully they will share the new presentation with the rest of us at some point.

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Ridgeline Announces Pennsylvania Facility Installation Expansion of New Mexico Facility
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Ridgeline Energy Services Inc. (TSXV:RLE-RGDEF))
Intraday Stock Chart
Today : Wednesday 10 April 2013


CALGARY, April 10, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF; FSE: RL7) ("Ridgeline" or the "Company"), a technology driven Company operating in the waste water industry announces a new Punxsutawney Pennsylvania water treatment facility and expansion of its New Mexico facility.

Ridgeline is pleased to announce its entry into Pennsylvania and the Marcellus Shale with a facility project located near Punxsutawney, Pennsylvania. This agreement was executed today. The initial Single Train Commercial Unit will concentrate on produced water, with an anchor customer providing approximately 2,500-4,000 barrels of waste water per day. The Company is locating other permanent installations in the same production area to expand its logistical footprint in Western Pennsylvania. Installation of the initial STCI will begin in about thirty days.

Ridgeline has also been granted an expansion of its current facility located in Southeastern New Mexico. Shipment of Ridgeline equipment manufactured in Scottsdale, Arizona started today. The facility will grow from its current 2,500 barrel per day capacity to 5,000 barrels per day. Installation of the expansion is currently taking place and will be completed by April 19th.

Dennis M. Danzik CEO stated "Our oil and gas presence continues to grow as our large anchor customers continue to expand and look for opportunities to reduce costs through contracting with Ridgeline. Slowly, but steadily the oil and gas industry moves to a treat, and recycle model. I see the industry extending itself toward solid environmentally sound policies which save water and capital in the process. Opportunities for Ridgeline in water treatment within the oil and gas industry have never been stronger."

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. 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".

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.


Copyright 2013 PR Newswire

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Ridgeline Announces Santa Fe Springs Acquisition Close
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Ridgeline Energy Services Inc. (TSXV:RLE RGDEF
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Today : Monday 8 April 2013


CALGARY, April 8, 2013 /CNW/ - Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF; FSE: RL7) ("Ridgeline" or the "Company"), a technology driven company operating in the waste water industry has closed the Santa Fe Springs (SFS) facility acquisition.

The agreement to purchase the Santa Fe Springs facility was initially signed in April 2012. Since then Ridgeline has been operating under a Management Agreement with the Vendor until all the terms and conditions of the agreement could be completed. Ridgeline is pleased to announce that the transaction has been closed and the Company now has legal title to the 18 acres of real estate, and the onsite assets, as well as the water treatment and discharge business.

The transaction also includes an additional $5 million dollar environmental remediation contract set to start sometime this year. The contract will be managed by the Company's Environmental Division, which denotes additional growth opportunities in the U.S.

Tony Ker Executive Chairman stated "We are very pleased to have this acquisition closed. This purchase represents over eighteen months of hard work on the part of many of our officers and managers. Santa Fe Springs is a key part of the Company's business model which is to mine valuable materials from nearly any waste water stream during the efficient treatment of that water."

Dennis M. Danzik CEO stated "The Company now owns its first substantial real estate asset, on prime real-estate in the heart of Los Angeles market. The Company can now accelerate the business ramp up. We are also excited to show how the real estate portion of our business will add financial value to the company. The property, operational and esthetic improvements our Company plans to make will also benefit the City of Santa Fe Springs, local industry and residents. Developing stranded real estate assets like our Santa Fe Springs, and Carthage Missouri facilities with our disruptive technology is a key focus in the years to come. Our strategy is all about water, and the tremendous value that it brings."

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. 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".

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.


Copyright 2013 Canada NewsWire

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RLE.V RGDEF acquisition today AGREEMENT FOR THE PURCHASE OF MISSOURI FACILITY

PURCHASE SECURES $ 35 MILLION IN ANNUAL REVENUE

CALGARY, March 11, 2013 /CNW/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7, FSE: RL7) a water treatment and energy technology company, today announced that it has executed a definitive agreement for the purchase of CWT, LP for stock and debt. CWT, LP is the beneficial owner of the (DBA), Consolidated Water Treatment of Missouri (CMT) which is the entity Ridgeline signed a management agreement with on February 5th, 2013. The acquisition is subject to approval of the Toronto Venture Exchange.

The Company has purchased all of the partner interest in CWT, LP and its operating subsidiaries; Renewable Energy Solutions, LLC and TDP, LLC which includes the facility located in Carthage, Missouri for CDN $15,000,000 million dollars in Ridgeline common stock at $0.58 per share, and a five year secured debt in the amount of CDN $20,000,000 million dollars. The Sellers, which are represented by CWT Enterprises Canada, Inc. will also receive 4,100,000 warrants at a price of CDN $1.00 with expiration in five years.

Dennis M Danzik, Ridgeline CEO commented "This is the second significant acquisition for Ridgeline this year, with the closing of our Santa Fe Springs facility imminent. The acquisition of CWT, LP which includes the facility in Missouri provides for an accelerated growth track for the Company. This acquisition will allow Ridgeline to transition from a small business to a business with two premier, fully integrated waste water properties with substantial capital equipment and infrastructure. Ridgeline has now completed the fully integrated waste water business model."

Mr. Danzik also commented, "We look forward to detailing our growth and offering guidance in our upcoming conference call, and giving a clear picture as to our growth, and shareholder value. Ridgeline continues to deliver; aggressive revenue gains, as well as substantial balance sheet, and profitability growth."

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".

ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis Danzik"
Dennis M. Danzik, 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.

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Ridgeline announces first closing of private placement
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Ridgeline Energy Services Inc. (TSXV:RLE)
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Today : Saturday 9 March 2013


CALGARY, March 8, 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 the first closing of a private placement. The Company's private placement consists of an offering of up to 4,000,000 (the "Units") for aggregate gross proceeds of $1,880,000 (the "Offering"). Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one full Common Share purchase warrant (a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of $0.59 for a period of five years from date of issuance.

Subject to regulatory approval, the Company intends to increase the Offering from 4,000,000 Units to 6,000,000 Units for aggregate gross proceeds of $3,480,000. The additional 2,000,000 Units are expected to be issued at the same price and on the same terms as set out above.

Effective March 7, 2013 the Company has completed its first closing of the Offering through the issuance and sale of 3,199,436 Units for gross proceeds of $1,503,735. The Warrants issued under the first closing expiry on March 7, 2018.

The Offering is non-brokered but the Company has offered cash commissions to sellers of up to 7% on the gross proceeds of subscriptions obtained by a seller. The Company will not be issuing any securities to sellers as compensation. Under the first closing of the Offering the Company paid a total of $ $39,748.96 in cash commissions.

The Common Shares, Warrants and the Common Shares issuable upon the exercise of the Warrants are subject to a four month plus one day resale restriction pursuant to National Instrument 45-102 Resale of Securities. The securities issued under the Offering must not be traded before July 8, 2013 unless otherwise permitted under securities legislation.

The Company intends to use the net proceeds from the private placement for working capital.

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".

ON BEHALF OF THE BOARD OF DIRECTORS

"Dennis Danzik"

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 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.


Copyright 2013 Canada NewsWire

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RGDEF,RLE.V-Very good post on Ridgeline by Ed over on S.I.Ridgeline (RLE.V) -- a tremendous quarter to say the least. I can't wait to see what their revenue guidance is when that comes out in the next few weeks. I'm expecting revenues that are about the same as what they were for the quarter that just got announced, a significant improvement Y-O-Y. The company is now in a race against time to get the SFS acquisition closed on or before this Thursday, when they present at the Gabelli Water conference at NYC, let's see if they can pull that off. I believe the AGM is on Thursday also. The recent slew of news has hopefully provided RLE management an opportunity to book a full week of private meetings at NYC this week also, hopefully some of which are with research analysts who are considering writing up the stock. It will be interesting to see the new RLE slide presentation that will incorporate all these latest developments.

When I saw the announcement that Danzik was named CEO I must admit that I cringed at first. My first impression of Dennis, mostly formed from his participation in prior quarterly CC's, was that he was not diplomatic enough to be a CEO and was somewhat of a loose cannon. But he changed all that with how he spoke on this last CC, and I now think he will be a good CEO. Scientists and engineers do not often make great CEO's but I believe Dennis stands a good chance of being the exception that proves the rule here.

A look at the capital structure provides a possible clue as to why the rally in the stock has sputtered a bit around the $.65 mark. There are about 5.6M warrants with an exercise price of $.65 that expire in a little more than 3 months. Whenever the stock pops over $.65 we will probably see some more selling by the investors in the placement in which such warrants were issued, selling stock to generate the cash to exercise their warrants. It will be interesting to see to what degree all the upcoming hype combined with expected positive news developments will succeed in breaking through this brick wall. http://www.siliconinvestor.com/readmsg.aspx?msgid=28743358

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RGDEF,RLE.V Dennis Danzik, Ridgeline chief executive officer, commented: "Water, water, water is the message of our company. We secure it, we treat it and we manage it. This is a turning point in the company as it has moved to positive EBITDA results. The commitment to research and development of our core technologies coupled with a strong management team, and a market development plan that has produced positive financial results putting the company on a trajectory of positive EBITDA growth. The CMT Missouri facility combined with the Santa Fe Springs facility provide the company with two major operations that are successful and duplicable. They also provide for recurring revenue that will be the engine for growth

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RGDEF .625 ,5 bidders above the last price

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RGDEF Conference call

Ridgeline Energy Services Reports Third Quarter of Fiscal Year 2013 Financial Results
Tuesday, February 19, 2013 8:30 AM Eastern


Ridgeline Energy Services Inc. is an energy services and water treatment 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 water treatment services to the oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF". Additional information is available on the Company's website at: www.ridgelinecanada.com


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Ridgeline Announces California Expansion Additional - $8 million in Annual Revenue
Management Agreement for Waste Water Company in Southern California
CALGARY, Feb. 12, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an energy services and water treatment technology company, today announced a Management Agreement with 13TONS, LLC ("13TON").
Effective October 1, 2012, Ridgeline entered into a Management Contract for the management of waste water collections in California. Ridgeline became responsible for administration, management, sales, water treatment, and all other functions of the business whose primary purpose is to collect waste water for treatment, extraction of by-products and management of beneficial feed stock. Ridgeline and 13TON are currently negotiating an asset purchase which is expected to be completed and in effect, by March 15, 2013, The Management Agreement may be extended if necessary.
13TON specializes in the management and collection of several different types of waste water including interceptor, grease trap, food processing, and large footprint waste water sites. The company primarily operates in California, Arizona and Nevada, but has brokerage operations nationwide.
Annual revenues at 13TON are currently over $8 million per year and are expected to grow. The combination of; 13TON's collection network, Ridgeline's water treatment technology and discharge permits provide for a synergistic opportunity to grow revenues. Both Santa Fe Springs and the recently announced Consolidated Water Treatment of Missouri facility will be positively impacted by additional water treatment revenues delivered by the 13TON's collection network.
Ridgeline will also benefit greatly from the management experience of Ben Maese who has built 13TON over these many years. Ben is a certified public accountant and is one of the most experienced professionals in the waste water industry in California, Nevada, and Arizona.
"We are very pleased to watch our California Division grow to nearly $20 million dollars in annualized revenue, with this Management Agreement. Having Ben Maese's experience and strong counsel will allow Ridgeline to expand operations into other properties, sooner than later", stated Dennis M Danzik, Ridgeline's Director of Engineering and Operations.
Tony Ker, Ridgeline CEO stated, "It is great to continue to watch our Santa Fe Springs property grow organically, but when we can absorb large blocks of business, like 13TON and concurrently add infrastructure for additional growth, we will act swiftly".
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services and water treatment 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".
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."

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RGDEF-Ridgeline Announces Positive 3rd QTR EBIDTA
Press Release: Ridgeline Energy Services Inc. – 49 minutes ago

REVENUES SURGE OVER $9 MILLION FOR 3rd QTR

76% INCREASE IN REVENUE OVER 2ND QTR 2013
GROSS PROFIT UP 25% AND POSITIVE EBITDA

CALGARY, Feb. 19, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced third quarter earnings for the period ended December 31st 2012.

Revenues increased 76% over the previous quarter from $5.33 million to $9.38 million an increase of $4.05 million for the quarter. The increase in revenue over the period was primarily due to gains in the water treatment revenues. EBITDA improved by $0.77 million from an adjusted negative $0.28 million to a positive $0.49 million. Loss for the quarter was $0.78 million compared with a loss in the 2nd quarter of $1.55 million. Gross profit increased to $2.86 million compared to $2.29 million in the 2nd quarter. The drop in gross profit percentage from 43% as a percentage of revenue to 31% was primarily due to the startup costs associated with the Missouri operation, (CMT). CMT has been in turn around mode since the Company started operating the property in early December of last year. The Company has implemented major operating changes to increase revenues and sees an opportunity to produce strong gross profit margins in the 4th QTR.

Dennis M Danzik, Ridgeline CEO commented "Water, Water, Water is the message of our Company. We secure it, We treat it, and We manage it. This is a turning point in the Company as it has moved to positive EBITDA results. The commitment to Research and Development of our core technologies coupled with a strong management team, and a market development plan that has produced positive financial results putting the Company on a trajectory of positive EBITDA growth. The CMT Missouri facility combined with the Santa Fe Springs facility provide the Company with two major operations that are successful and duplicable. They also provide for recurring revenue that will be the engine for growth.

Our CMT operation and the addition of 13TON complete the vertical track into the waste water collection, treatment, discharge and energy related products. It also provides evidence that both our Company's strategic and tactical business plans are proven and Ridgeline is poised to aggressively grow our now fully integrated water opportunities."

Tony Ker, Ridgeline's Executive Chairman stated, "Ridgeline has taken four years of hard work and the successful execution of carefully selected opportunities by our management team. It is also about staying our course, keeping our news timely and factual, and continuing to recruit the most qualified and experienced people possible."

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"