Tuesday, August 20, 2013 9:07:05 AM
HIIT News....HII Technologies, Inc. Announces AES Water Solutions Entry Into Flow Back
Services
AES' Frac Water Transfer Business Adds New Service
HOUSTON, Aug 20, 2013 (GLOBE NEWSWIRE via COMTEX) -- HII Technologies, Inc.
(the "Company"), (OTCBB:HIIT), an oilfield services company headquartered in
Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia,
today announced that its AES Water Solutions ("AES") division now offers flow
back water services as a new complementary offering to its established frac
water transfer business. AES expanded its onsite range of oilfield water
management services to include processing of the flow back water, sand and
chemicals that flow back after the fracing of oil and gas wells. AES has
developed its core business around sourcing, managing, and delivering water to
frac sites in order for oil and gas operators to perform hydraulic fracturing
and well completions.
AES has currently invested in the production of a fleet of flow back systems
with plans to expand rapidly. Strategically, the expanding water management
services has created a demand for this process which could add additional
revenues estimated at $100 to $150 thousand a month, per flow back system.
Brent Mulliniks, President of AES, stated, "AES Water Solutions has increased
its revenues over five hundred percent within the last year with its existing
frac water transfer business, which uses above-ground temporary piping, pumps
and infrastructure to transfer water from a source to a frac site. AES is now
expanding into flow back services, where the volumes can exceed one million
gallons, or 20-30% of the original fracing solution which returns during the
first few weeks after the frac is performed." Mr. Mulliniks continued, "Our flow
back systems are designed to separate the returning fluids and solids
efficiently and route the fluids to the appropriate tanks, pits or holding
ponds. This is a natural progression for the AES brand in the overall management
of water service to the well site."
AES continues to work with oil and gas operators to offer new oilfield water
focused technologies that can complement its current service offerings.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with
operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned
to take advantage of the significant anticipated growth in horizontal drilling
and hydraulic fracturing within the United States' active shale and
unconventional "tight oil" plays by deploying oilfield related technologies to
enhance the value of services it offers its customers. The Company's frac water
supply services subsidiary does business as AES Water Solutions, its onsite
oilfield contract safety consultancy does business as AES Safety Services, and
its mobile oilfield power subsidiary does business as South Texas Power (STP).
HII Technologies' objective is to bring proven technologies to these operating
divisions to build a long-term competitive advantage. Read more at
www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Any statements as to
matters that are not of historic fact are forward-looking statements. These
forward-looking statements are based on HII Technologies, Inc. ("HII")'s current
expectations, estimates and projections about HII, its industry, its
management's beliefs and certain assumptions made by management, and include
statements regarding estimated capital expenditures, future operational and
activity expectations, international growth, and anticipated financial
performance in 2013. No assurance can be given that such expectations, estimates
or projections will prove to have been correct. Whenever possible, these
"forward-looking statements" are identified by words such as "expects,"
"believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not
guarantees of future performance and are subject to certain risks, uncertainties
and assumptions that are difficult to predict, including, but not limited to:
risks that HII will be unable to achieve its financial, capital expenditure and
operational projections, including quarterly and annual projections of revenue
and/or operating income and risks that HII's expectations regarding future
activity levels, customer demand, and pricing stability may not materialize
(whether for HII as a whole or for geographic regions and/or business segments
individually); risks that fundamentals in the U.S. oil and gas markets may not
yield anticipated future growth in HII's businesses, or could further
deteriorate or worsen from the recent market declines, and/or that HII could
experience further unexpected declines in activity and demand for its hydraulic
frac related water transfer business, its safety consultancy business or its
generator and related equipment rental service businesses; risks relating to
HII's ability to implement technological developments and enhancements; risks
relating to compliance with environmental, health and safety laws and
regulations, as well as actions by governmental and regulatory authorities;
risks that HII may be unable to achieve the benefits expected from acquisition
and disposition transactions, and risks associated with integration of the
acquired operations into HII's operations; risks, in responding to changing or
declining market conditions, that HII may not be able to reduce, and could even
experience increases in, the costs of labor, fuel, equipment and supplies
employed and used in HII's businesses; risks relating to changes in the demand
for or the price of oil and natural gas; risks that HII may not be able to
execute its capital expenditure program and/or that any such capital expenditure
investments, if made, will not generate adequate returns; and other risks
affecting HII's ability to maintain or improve operations, including its ability
to maintain prices for services under market pricing pressures, weather risks,
and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are
outside of HII's control, HII's actual results and performance may differ
materially from the results expressed or implied by such forward-looking
statements. Given these risks and uncertainties, readers are cautioned not to
place undue reliance on such forward-looking statements. Other important risk
factors that may affect HII's business, results of operations and financial
position are discussed in its most recently filed Annual Report on Form 10-K,
recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in
other Securities and Exchange Commission filings. Unless otherwise required by
law, HII also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the
forward-looking statements made here. However, readers should review carefully
reports and documents that HII files periodically with the Securities and
Exchange Commission.
CONTACT: Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwNDU0NTQjMjY1MjY=
(C) Copyright 2013 GlobeNewswire, Inc. All rights reserved.
-0-
KEYWORD: HOUSTON
INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: Product / Services Announcement
OIL
Services
AES' Frac Water Transfer Business Adds New Service
HOUSTON, Aug 20, 2013 (GLOBE NEWSWIRE via COMTEX) -- HII Technologies, Inc.
(the "Company"), (OTCBB:HIIT), an oilfield services company headquartered in
Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia,
today announced that its AES Water Solutions ("AES") division now offers flow
back water services as a new complementary offering to its established frac
water transfer business. AES expanded its onsite range of oilfield water
management services to include processing of the flow back water, sand and
chemicals that flow back after the fracing of oil and gas wells. AES has
developed its core business around sourcing, managing, and delivering water to
frac sites in order for oil and gas operators to perform hydraulic fracturing
and well completions.
AES has currently invested in the production of a fleet of flow back systems
with plans to expand rapidly. Strategically, the expanding water management
services has created a demand for this process which could add additional
revenues estimated at $100 to $150 thousand a month, per flow back system.
Brent Mulliniks, President of AES, stated, "AES Water Solutions has increased
its revenues over five hundred percent within the last year with its existing
frac water transfer business, which uses above-ground temporary piping, pumps
and infrastructure to transfer water from a source to a frac site. AES is now
expanding into flow back services, where the volumes can exceed one million
gallons, or 20-30% of the original fracing solution which returns during the
first few weeks after the frac is performed." Mr. Mulliniks continued, "Our flow
back systems are designed to separate the returning fluids and solids
efficiently and route the fluids to the appropriate tanks, pits or holding
ponds. This is a natural progression for the AES brand in the overall management
of water service to the well site."
AES continues to work with oil and gas operators to offer new oilfield water
focused technologies that can complement its current service offerings.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with
operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned
to take advantage of the significant anticipated growth in horizontal drilling
and hydraulic fracturing within the United States' active shale and
unconventional "tight oil" plays by deploying oilfield related technologies to
enhance the value of services it offers its customers. The Company's frac water
supply services subsidiary does business as AES Water Solutions, its onsite
oilfield contract safety consultancy does business as AES Safety Services, and
its mobile oilfield power subsidiary does business as South Texas Power (STP).
HII Technologies' objective is to bring proven technologies to these operating
divisions to build a long-term competitive advantage. Read more at
www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Any statements as to
matters that are not of historic fact are forward-looking statements. These
forward-looking statements are based on HII Technologies, Inc. ("HII")'s current
expectations, estimates and projections about HII, its industry, its
management's beliefs and certain assumptions made by management, and include
statements regarding estimated capital expenditures, future operational and
activity expectations, international growth, and anticipated financial
performance in 2013. No assurance can be given that such expectations, estimates
or projections will prove to have been correct. Whenever possible, these
"forward-looking statements" are identified by words such as "expects,"
"believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not
guarantees of future performance and are subject to certain risks, uncertainties
and assumptions that are difficult to predict, including, but not limited to:
risks that HII will be unable to achieve its financial, capital expenditure and
operational projections, including quarterly and annual projections of revenue
and/or operating income and risks that HII's expectations regarding future
activity levels, customer demand, and pricing stability may not materialize
(whether for HII as a whole or for geographic regions and/or business segments
individually); risks that fundamentals in the U.S. oil and gas markets may not
yield anticipated future growth in HII's businesses, or could further
deteriorate or worsen from the recent market declines, and/or that HII could
experience further unexpected declines in activity and demand for its hydraulic
frac related water transfer business, its safety consultancy business or its
generator and related equipment rental service businesses; risks relating to
HII's ability to implement technological developments and enhancements; risks
relating to compliance with environmental, health and safety laws and
regulations, as well as actions by governmental and regulatory authorities;
risks that HII may be unable to achieve the benefits expected from acquisition
and disposition transactions, and risks associated with integration of the
acquired operations into HII's operations; risks, in responding to changing or
declining market conditions, that HII may not be able to reduce, and could even
experience increases in, the costs of labor, fuel, equipment and supplies
employed and used in HII's businesses; risks relating to changes in the demand
for or the price of oil and natural gas; risks that HII may not be able to
execute its capital expenditure program and/or that any such capital expenditure
investments, if made, will not generate adequate returns; and other risks
affecting HII's ability to maintain or improve operations, including its ability
to maintain prices for services under market pricing pressures, weather risks,
and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are
outside of HII's control, HII's actual results and performance may differ
materially from the results expressed or implied by such forward-looking
statements. Given these risks and uncertainties, readers are cautioned not to
place undue reliance on such forward-looking statements. Other important risk
factors that may affect HII's business, results of operations and financial
position are discussed in its most recently filed Annual Report on Form 10-K,
recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in
other Securities and Exchange Commission filings. Unless otherwise required by
law, HII also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the
forward-looking statements made here. However, readers should review carefully
reports and documents that HII files periodically with the Securities and
Exchange Commission.
CONTACT: Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwNDU0NTQjMjY1MjY=
(C) Copyright 2013 GlobeNewswire, Inc. All rights reserved.
-0-
KEYWORD: HOUSTON
INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: Product / Services Announcement
OIL
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