Epic Awarded New Engineering and Field Service Projects
Jun 3, 2009 9:30:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesHOUSTON, June 3 /PRNewswire-FirstCall/ -- Epic Energy Resources, Inc. (OTC Bulletin Board: EPCC) a provider of engineering, management consulting, training and data management services to the energy industry, announced today that Pearl, a wholly owned subsidiary of Epic, has received three new projects with independent and major oil and gas companies.
Pearl has been awarded a new project to provide Measurement, Calibration & Trouble-Shooting services in Oklahoma for an existing client through the end of 2009. Pearl will be providing a team of Measurement Technicians, with a start up date of June 1st. Additionally, Pearl was awarded a contract from a major oil and gas company with operations in the Rockies to be the company's preferred provider of Meter Calibration and Gas Sampling services for various counties in Wyoming. Lastly, Pearl has been awarded a contract to provide Engineering and Construction Management services for the expansion of a gas processing plant in North Louisiana. The three projects are estimated to bring the total cumulative revenue for 2009 of over $1,500,000.
In making the announcement, Epic Energy Resources' President and CEO John Ippolito stated, "The Epic organization is unified in its focus of delivering new revenue opportunities by delivering industry leading products and services, and meeting or exceeding the expectations of our clients. Although the energy industry is still contracting in some areas our management team is committed to aggressively expanding market share, solidifying client relationships, building new relationships, and proactively capitalizing on new opportunities with our industry partners."
About Epic
Epic Energy Resources is a Houston-based integrated energy services company. Epic provides consulting, engineering, construction management, operations, maintenance, specialized training and data management services focused primarily on the upstream and midstream energy infrastructure. Services are provided through Pearl, a diversified engineering and energy services company; Carnrite, a management consulting company focused on providing strategic and operational consulting services to the broad energy industry; and EIS, a global training and data management services company. Epic is headquartered at 1450 Lake Robbins Drive, Suite 160, The Woodlands, Texas 77380. Office - 281-419-3742, www.1epic.com.
Forward-Looking Statements
Certain statements included in this release constitute forward-looking statements. These forward-looking statements are based on management's belief and assumptions derived from currently available information. Although Epic Energy Resources ("Epic") believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Actual results could differ materially from forward-looking statements expressed or implied herein as a result of a variety of factors including, but not limited to: a decline in the price of, or demand for, oil and gas, demand for Epic's services, loss or unavailability of key personnel, inability to recruit or retain personnel, competition for customers and contracts, various potential losses associated with fixed-price contracts, general economic conditions, availability of capital to pursue its business plan and service its debt, and other financial, operational and legal risks and uncertainties detailed from time to time in Epic's SEC filings. Epic does not undertake any obligation to publicly update forward-looking statements contained herein to reflect subsequent events or circumstances.
SOURCE Epic Energy Resources, Inc.
----------------------------------------------
John S. Ippolito
President and Chief Executive Officer
jippolito@1epic.com
or Michael E. Kinney
Chief Financial Officer
mkinney@1epic.com
both of Epic Energy Resources
Inc.
+1-281-419-3742
