Hutech21 Co., Ltd. (CLGZF)

[Carlito]

$CLGZF >>>>>>>>>> R/M is complete Hutech21 Co. Ltd Completes Reverse Merger With Prairie Oil Field Services Ltd.

May 11, 2013 (Al Bawaba Business via COMTEX) -- Hutech21Co. Ltd. announced today that it has completed the acquisition of 100% of Prairie Oil Field Services Ltd. ("Prairie Oil Field" or "the Company"), a mining, manufacturer and distributor of crushed gravel and sand in North America. As of this transaction, Hutech21 Co. Ltd. will effectively do business as Prairie Oil Field Services Ltd., with an official corporate name change to be announced separately.
Prairie Oil Field primarily serves municipalities and commercial clients, aiding in their renovations, new construction and disaster recovery services, in South Central Canada. Darcy R. Hird, President and CEO of Prairie Oil Field, commented, "Severe flooding along the Red River in April 2011, which affected Manitoba in Canada, as well as North Dakota and Minnesota in the United States, has created strong and ongoing demand for our gravel and natural disaster services. In 2013, we continue to rebuild rural communities whose outdated infrastructure was hit the hardest. Prairie Oil Field also was awarded a number of contracts from the Government of Canada Emergency Management Response System to provide services to municipalities in Manitoba. In addition to these sales, we have a pipeline of commercial projects that will coincide with the summer construction boom."

"With many growth factors at play, we are very excited to become a publicly traded company. Additional capital raised will be used to grow both organically and through acquisitions. I look forward to updating our shareholders frequently on our progress and upcoming milestones in the near future," concluded Mr. Hird. URL: http://www.bidsinfo.com