HOUSTON - April 22, 2014 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), (OTCBB/OTCQB: HIIT), an oilfield services company focused on providing Water, Power and Safety Services with operations in Texas, Oklahoma, Ohio and West Virginia today announced that it has appointed Thomas A. "Alex" Newton to its Board of Directors. Mr. Newton has a remarkable track record as a leader and executive and brings substantial operational experience and organizational development to the Company's Board.
Alex Newton has been owner and operator of Siteworks, Inc., a manufacturer of cast stone for the construction industry in the domestic United States since 1999. From 1997-1999, Mr. Newton was President and Chief Operating Officer of Daniel Industries, a manufacturer and marketer of oilfield and industrial products (and previously a NYSE publicly traded corporation until its acquisition by Emerson in 1999). From 1987-1997, Mr. Newton worked at various oilfield divisions within CAMCO International, including as President of Reed Tool Company from 1996-1997 and Vice President and General Manager of Hycalog from 1993-1996. Mr. Newton served in various capacities at NL Industries in its oilfield services group, from 1981-1987, and Chromalloy American Corporation from 1977-1980. The United States Patent and Trademark office has granted twenty patents to Alex throughout his career. Mr. Newton served in the United States Navy as a Lieutenant and is a Vietnam veteran. Mr. Newton received an MBA from Harvard Graduate School of Business Administration and a BA in Management Science from Duke University.
"I am honored to join HII Technologies' Board of Directors as the Company continues its growth in the oilfield services industry. With my experience, I look forward to playing an integral role as a director contributing to the fulfillment of HII Technologies' mission to grow its suite of services within the Water, Power and Safety market segments and commercialize new technologies to develop an advantage in the market," said Mr. Newton.
Alex's experience in oilfield, operational management and execution of high growth business plans will be of great value to our organization. We are pleased to welcome him to the Company's Board of Directors," said Matt Flemming, CEO of HII Technologies, Inc.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the Water, Power and Safety oilfield segments, the Company is positioned to take advantage of the anticipated, significant growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water supply and flow back services segment has two subsidiaries, AES Water Solutions and AquaTex, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary operates as South Texas Power (NYSE: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, www.AquaTexUSA.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.
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 2014. 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. 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.
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
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