Investorideas.com newswire, commentary for water sector

Friday, November 22, 2013

Trading Alert for Oilfield Services/ Frac Water Stock HII Technologies (HIIT); Company Breaks through 52-Week High on Recent news of Acquisition and Third Quarter Results

New York, NY, Point Roberts, WA - November 22, 2013 (Investorideas.com Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on trading for oilfield services /frac water treatment stock HII Technologies, Inc. (OTCBB: HIIT). The stock has traded through its 52- week high following recent news of an acquisition in the water sector in addition to reporting Third Quarter financial results stating revenue of $3,931,716, which generated a gross profit of $1,136,887.
Investorideas.com Newswire On November 13 th the Company announced it acquired Aqua Handling of Texas LLC, an oilfield frac water transfer service company located in the Eagle Ford Shale area of South, Texas that operates under the name "AquaTex". The purchase price was $1.3 million consisting of $300,000 in cash, $500,000 in notes and 1,443,696 shares of the Company's common stock ($500,000 value based on the trailing 30-day average of the Company's common stock prior to closing).
AquaTex is engaged in the business of high volume water transfer services through above-ground mobile piping solutions with environmentally safe, no-leak systems designed to support the millions of gallons typically needed for hydraulic fracturing in hydrocarbon reservoirs. AquaTex's co-founder, Mr. Chris George, entered into a three year employment agreement in connection with the acquisition serving as General Manager and Vice President. Mr. George has extensive experience in the treatment, handling and logistics of frac water management. Previously, Mr. George served as Stallion Oilfield Services' Waterline Operations Manager for their Texas Water Transfer Division.
AquaTex has contracts with nationally recognized exploration & production companies in the Eagle Ford Shale and South Texas areas, which will augment the Company's existing customer base and is expected to result in additional revenues. For the nine months ended September 30, 2013, AquaTex's preliminary unaudited revenues and net income were approximately $1.6 million and $18,000, respectively, which included start-up costs. For the month of September 2013, AquaTex's preliminary unaudited revenues and net income were approximately $238,000 and $80,000, respectively
On November 14th the Company reported Third Quarter results: As stated in the Company's Quarterly Report on Form 10-Q filed on November 14, 2013, third quarter 2013 revenues were $3,931,716, which generated a gross profit of $1,136,887. For the nine months ended September 30, 2013, revenues were $9,767,926 and gross profit was $2,534,307. Increased revenues came from continued growth of AES Water Solutions' frac water transfer business and additional revenue contributions from our South Texas Power and AES Safety Services divisions which were launched in late December 2012 and January 2013, respectively. For comparison, our revenues on a consolidated pro forma basis for the three and nine month periods ended September 30, 2012 (including revenues of the Company's wholly-owned subsidiary AES Water Solutions which was acquired in September 2012) were $438,682 and $1,424,790, respectively. Accordingly, this represents revenue growth of more than 796% for the third quarter 2013, and 585% for the nine months ended September 30, 2013 from the pro forma consolidated comparable periods in 2012.

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 new 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). The holding company, 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
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Thursday, November 14, 2013

Frac Water Stock Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Announces Third Quarter 2013 Financial Results

HOUSTON - November 14, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the third quarter ended September 30, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on November 14, 2013, third quarter 2013 revenues were $3,931,716, which generated a gross profit of $1,136,887. For the nine months ended September 30, 2013, revenues were $9,767,926 and gross profit was $2,534,307. Increased revenues came from continued growth of AES Water Solutions' frac water transfer business and additional revenue contributions from our South Texas Power and AES Safety Services divisions which were launched in late December 2012 and January 2013, respectively. For comparison, our revenues on a consolidated pro forma basis for the three and nine month periods ended September 30, 2012 (including revenues of the Company's wholly-owned subsidiary AES Water Solutions which was acquired in September 2012) were $438,682 and $1,424,790, respectively. Accordingly, this represents revenue growth of more than 796% for the third quarter 2013, and 585% for the nine months ended September 30, 2013 from the pro forma consolidated comparable periods in 2012.
For the third quarter ended September 30, 2013, the Company had Adjusted EBITDAS of approximately $78,161, (EBITDAS defined as earnings before interest, taxes, depreciation, amortization, non-cash stock option expenses, and one-time or non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDAS is provided below. The Net Loss for the third quarter 2013 was $175,211. The EBITDAS results were driven by increased revenues and improved sequential quarter to quarter gross margins offset by costs associated with new technology development and the expenses associated with organic territory expansion particularly in West Texas and the Permian Basin.
Regarding the Balance Sheet, total Current Assets grew from $1,743,568 at December 31, 2012 to $2,901,681 at September 30, 2013. Net Equipment increased from $537,881 at December 31, 2012 to $674,990 at September 30, 2013. This increase resulted primarily from the sale of our truck fleet and establishment of a national light-duty truck operating lease line program offset by the purchase of new flow back equipment to expand our services offered. Total Assets grew from $4,182,551 at year end 2012 to $5,533,473 at September 30, 2013. Total Liabilities grew from $3,311,580 to $4,716,250 for the same period which included $1,436,273 outstanding on a new $2 million revolving line of credit closed during the second quarter 2013. Prior to establishing our line of credit, most of our growth had been funded from existing cash flow. The line of credit provides additional liquidity to the Company as needed.
"AES continued to grow as a result of the increasing demand and operations for our frac water flow back and water transfer services," stated Brent Mulliniks, President of AES Water Solutions. Mr. Mulliniks continued, "We have expanded our services with new technologies including forming a strategic alliance with CRS Reprocessing, a global fluids reprocessing management company. This technology alliance will broaden and enhance the services provided by AES Water Solutions in the area of its water and fluids remediation business."
Matthew Flemming, CEO of HII Technologies stated, "Strong revenue continues to grow across all three divisions of Water, Safety and Power validating our strategy of focusing on core oilfield market segments where demand is anticipated to remain from horizontal drilling and hydraulic fracturing. Our management team, field people and reliable oilfield equipment should continue to fuel organic growth in our focused areas. While the Company can not give any assurances, we look forward to deploying new technologies for our operating units and additional acquisitions to fuel our future growth."
Third Quarter 2013 Statement of Operations
The table below sets forth the summary of the Company's Statement of Operations for the third quarter ended September 30, 2013 (in thousands):
Investorideas.com Newswire The full discussion of the Company's financial results are available within the Company's Quarterly Report on Form 10-Q filed November 14, 2013.
Adjusted EBITDAS Reconciliation Table
The following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDAS.
Investorideas.com Newswire For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's Quarterly Reports on Form 10-Q and its 2012 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com.
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 new 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). The holding company, 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'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.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Wednesday, November 13, 2013

Frac Water Stock Alert: HII Technologies, Inc. (HIIT) Announces Acquisition of Aqua Handling of Texas, LLC

HOUSTON - November 13, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced it has acquired Aqua Handling of Texas LLC, an oilfield frac water transfer service company located in the Eagle Ford Shale area of South, Texas that operates under the name "AquaTex". The purchase price was $1.3 million consisting of $300,000 in cash, $500,000 in notes and 1,443,696 shares of the Company's common stock ($500,000 value based on the trailing 30-day average of the Company's common stock prior to closing).

AquaTex is engaged in the business of high volume water transfer services through above-ground mobile piping solutions with environmentally safe, no-leak systems designed to support the millions of gallons typically needed for hydraulic fracturing in hydrocarbon reservoirs. AquaTex's co-founder, Mr. Chris George, entered into a three year employment agreement in connection with the acquisition serving as General Manager and Vice President. Mr. George has extensive experience in the treatment, handling and logistics of frac water management. Previously, Mr. George served as Stallion Oilfield Services' Waterline Operations Manager for their Texas Water Transfer Division.
AquaTex has contracts with nationally recognized exploration & production companies in the Eagle Ford Shale and South Texas areas, which will augment the Company's existing customer base and is expected to result in additional revenues. For the nine months ended September 30, 2013, AquaTex's preliminary unaudited revenues and net income were approximately $1.6 million and $18,000, respectively, which included start-up costs. For the month of September 2013, AquaTex's preliminary unaudited revenues and net income were approximately $238,000 and $80,000, respectively.
"HII Technologies is pleased to bring on board AquaTex and Chris George's significant management expertise for our water transfer business," said Matt Flemming, HII Technologies' CEO. "We anticipate an increase in South Texas market share from this immediately accretive acquisition and anticipate growth through our customer cross-fertilization program now underway."
Mr. Brent Mulliniks, AES Water Solutions President, added, "AquaTex is an excellent acquisition for our existing water transfer business and will fit nicely with AES expanding our market share in the South Texas area. AquaTex has a good customer base some of which is strategic to our Company."
"AquaTex is excited to join with HII Technologies, and AES Water Solutions to be a part of the water group of the Company and to grow the water transfer and frac water treatment business" stated Chris George, AquaTex General Manager and Vice President. "With the assistance of HII Technologies and AES Water Solutions, we look forward to expanding our water management and treatment services in South Texas and benefiting from any future oilfield technologies the Company may commercialize."
The acquisition requires an audit of AquaTex financial statements for the period January through September 30, 2013 which will be reported in an Amendment to our Current Report on Form 8-K by January 25, 2014. The Company anticipates filing its Quarterly Report on Form 10-Q by November 14, 2013 which will not include results from AquaTex.
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 new 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). The holding company, 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'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.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Tuesday, November 12, 2013

Renewable Energy Stock Alert: Solar Wind Energy Tower, Inc. (SWET) Extends Rights to Develop Energy Downdraft Towers in Rajasthan, India

ANNAPOLIS, MD - November 12, 2013 (Investorideas.com renewable energy stocks newswire) Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the "Company"), the inventor of a large Solar Wind Downdraft Tower structure capable of producing abundant, inexpensive electricity, announced today that it has entered into a Memorandum of Understanding with Monsoon Global Group, LLC, which grants Monsoon Global a "Exclusivity Period" for rights to license trade secrets, patents, and knowledge from Solar Wind Energy. During the "Exclusivity Period" Monsoon has the exclusive right to "hold itself out in Rajasthan, India" to enter into long term "Definitive Agreement" with Solar Wind Energy to use the rights to develop Solar Wind Energy Downdraft Towers in Rajasthan, India.

Under the "Definitive Agreement " Solar Wind Energy will provide technical support and personnel to advise and assist Monsoon Global Group in project development, design, procurement, construction and the operation of a Tower Facility. Solar Wind Energy will also assist Monsoon Global Group with the technical and feasibility studies as well as presentations necessary for proposals to various Government of India Ministries and potential project participants. The Memorandum of Understanding outlines terms of the license fee for the territory of Rajasthan as well as specific royalties and fees for each Tower Facility within the territory.
Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented: "We are pleased to have formed this relationship with Monsoon Global. We have worked diligently for over three years assembling the team, techniques, and knowhow to enable this clean alternative energy solution to be brought to market. Our business plan has always been to enable developers to materialize projects across the globe where weather conditions are most suitable. Rajasthan, India has one of these 'most suitable' environments to host our Towers and India certainly needs the power."
About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. ("Solar Wind Energy"), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to utilize proven and validated scientific principles, combining them with state of the art construction systems to enable the development and commercialization of large Solar Wind Downdraft Tower structures that produce abundant, inexpensive electricity. Our Company's core objective and focus is to become a leading enabler of clean, efficient green energy to the world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow's electrical power needs. The Company intends to establish partnerships at home and abroad to propagate Tower Projects and meet the increasing global demand for electricity. The Company does not intend to own the projects. The business plan includes receiving license fees for territories, development fees during construction, and recurring royalty fees based on the actual kilowatt hours produced by the Tower. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring this solution to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc., based in Annapolis, MD, is traded on the OTCQB under the symbol 'SWET'. For more information visit www.solarwindenergytower.com
Innovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Abundant, Clean, Affordable Electricity Production
The Company has successfully managed to economize the Tower, reducing capital costs and improving projected financial performance. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data into the program, the Tower's height and diameter can be adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictates the optimum size of the Tower's height and width.
Under the most recent design specifications, the first San Luis Tower has a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Due to lower capacities during winter days, the average hourly output per day for sale to the grid for the entire year is approximately 435 megawatt hours.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
Contact:
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@swetower.com
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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Disclosure: Investorideas.com was paid five hundred dollars for this news release distribution
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
800-665-0411 - Source - www.Investorideas.com

Tuesday, November 5, 2013

Frac Water Stock Alert: HII Technologies, Inc. (HIIT) Announces a Strategic Alliance With CRS Reprocessing Services

HOUSTON - November 5, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced it has entered into a strategic alliance agreement with CRS Reprocessing Services ("CRS"), a global fluids reprocessing management company that is headquartered in Louisville, Kentucky. The technology alliance was formed to broaden and enhance the services AES Water Solutions ("AES") provides in its water and fluids remediation business during onsite fracing operations.

Utilizing the proprietary technology and modular design of CRS's systems, AES will be able to provide drilling fluid reprocessing and top hole solids control to its customers' well site operations. AES anticipates this to elevate its existing service offering by efficiently maximizing the recovery of valuable materials while reducing the risks and costs associated with transporting such fluids to distant reprocessing sites. Additionally, the modular units permit AES to address the varying needs of its customers, while minimizing the footprint necessary to operate.
Mr. Brent Mulliniks, President of AES Water Solutions, stated, "The CRS Reprocessing alliance is strategic to our firm by enabling us to immediately provide additional remediation and reprocessing services onsite to our existing and future customers furthering AES' commitment to provide comprehensive water management services to our customers. The technologies offered by CRS will compliment AES' existing water transfer, flow-back and remediation services." Mr. Mulliniks also stated, "As a result of this alliance, we believe CRS' technologies will provide an advantage for AES in the Texas and Oklahoma markets where we operate while expanding revenues and attracting additional customers."
Scott Massie, CEO of CRS Reprocessing Services, stated, "AES' focus in the Texas and Oklahoma markets increases our technology's access to some of the most active oilfield plays in the domestic United States including the Eagle Ford, Permian, Granite Wash and Eaglebind plays. Our success is due to our great people who have built an excellent track record with our customers and partners. We look forward to applying these same principles in the AES relationship in these key markets — building value in both our companies."
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 new 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). The holding company, 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.
About CRS Reprocessing, LLC.
CRS is a global provider in fluid reprocessing management, offering people, technology and services to efficiently handle industrial fluids for a variety of industries. With more than 30 years of expertise and operations in the U.S., Europe and Asia, the company provides custom-built, on-site reprocessing and mobile facilities that economically transform used fluids back to customer-specified performance levels, allowing high-yield waste recovery and lower unit costs. CRS' leadership in the fluid reprocessing market includes proprietary recycling processes.
The company's private-equity partners have a combined portfolio value in excess of $1 billion, giving it the capital resources to expand operations and deliver engineered reprocessing solutions worldwide.
More information about CRS can be found online at www.crs-reprocessing.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'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.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Monday, October 21, 2013

Frac Water Stock Alert: HII Technologies, Inc. (HIIT) Announces Preliminary Third Quarter 2013 Results

HOUSTON - October 21, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia, today announced that its preliminary unaudited results for consolidated revenues from operations for the quarter ended September 30, 2013 were approximately $3.9 million.

On a consolidated basis, the Company's revenues for the quarter ended September 30, 2013 were about $3.9 million, an increase of over 790% compared to the third quarter 2012 consolidated pro forma revenues of approximately $438,000. The pro forma figure is the total revenues for the full third quarter of 2012 given that AES was purchased during that quarter. Further, the Company's preliminary third quarter 2013 revenues represented an increase of approximately 21% from the Company's second quarter 2013 revenues, which were approximately $3.2 million. The revenues on a consolidated basis for the nine months ended September 30, 2013 were approximately $9.7 million.
Mr. Flemming, CEO HII Technologies, stated, "AES Water Solutions continued to perform well during the third quarter 2013 from continued demand for its services. AES' frac water supply activities continued to experience strong growth in Oklahoma and Texas as compared to the year ago period. The Company also expanded into flow back services during the third quarter contributing to the increase in revenue. AES Safety Services grew during the quarter adding new customer sites in Texas and Ohio. The Company anticipates additional organic growth in the Safety Services area. South Texas Power also increased its revenues and has placed an order for approximately $325,000 of new oilfield customized mobile generators based on customer demand."
The Company anticipates filing its Quarterly Report on Form 10-Q for the period ended September 30, 2013 and announcing earnings and related financial results for the period by November 15, 2013.
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 new 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). The holding company, 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'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.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Wednesday, September 18, 2013

Q&A with Steve Yuzpe of Sprott Resource Corp Discussing Agriculture and Water

New York, NY, Point Roberts, WA - September 18, 2013 (Investorideas.com Water Stocks Newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors including water and agriculture stocks issues an exclusive interview with Mr. Steve Yuzpe, Chief Financial Officer at Sprott Resource Corp. Mr. Yuzpe provides insight into global trends and opportunities within the sectors.
Q: Investorideas.com
Where do you see the biggest opportunities in agriculture and can you give us some of the publicly traded companies you like?
A: Steve Yuzpe of Sprott Resource Corp
Sprott Resource Corp. is the private equity group within the Sprott Group of Companies ... so public stocks are not my specialty.
That said, the Ag sectors that we like are fertilizers (especially phosphate), healthy food themes and water
Q: Investorideas.com
Outside of traditional agriculture companies and related suppliers like seeds, fertilizer and transportation do you see agriculture getting more into technology, for example water management and treatment technologies within the actual umbrella of an Ag company?
A: Steve Yuzpe of Sprott Resource Corp
Yes. I think technology and water management will be very important sub-sectors within the agriculture sector.
Technology: has to be part of the solution to deal with the increase in primary production required to feed the planet in the next 40 years. The population will grow by 40 – 50%, but the global grain and oilseed production will need to increase by 80 – 100%. Technology will impact every aspect of primary production (for example, off the top of my head, seed genetics, variable rate farming, farm machinery (smart, auto-steer seeding units), efficient / secure storage, water extraction, enhanced food preservation, etc.)
Water: 70% of global water use is from agriculture and significantly more water will be required to increase global production. Improvements in technology, awareness and conservation are all part of the solution. There is absolutely no substitute for water at any price.
Q: Investorideas.com
How do you see the global eating trends of organic, vegetarian and vegan impacting agriculture, for an example the growing shift from sugar to alternatives like stevia?
A: Steve Yuzpe of Sprott Resource Corp
The trend in wealthy countries is an increase in 'healthy diets' ... I think the themes of organic, hormone free, antibiotic free, nitrate free, grass fed, etc. are poised to gain mindshare of consumers, which should lead to investment opportunities.
Q: Investorideas.com
I have read that countries in the Middle East and China have bought up agricultural lands with water rights globally in anticipation of drought and bigger issues in food supplies from climate change. How will that impact the global picture long term?
A: Steve Yuzpe of Sprott Resource Corp
The counties you mention have to deal with the very real threats of food security and food inflation. The rise in commodity prices has already contributed to the overthrow of regimes in the Middle East and in the last 5-years has led to riots across from Bahrain all the way to Morocco and is driving up costs in China and India.
The way that water is priced and managed globally leads us to believe that localized water shortages are inevitable. As mentioned above, Canada is lucky that we have significant water resources.
Opportunities exist because agriculture is facing serious issues in the near and long-term. We will likely solve some of the issues we are facing, but I don’t see how we can solve them all.
The long-term impact is tough to predict. All over the world there has been a strong pushback against foreign buyers of farmland.
Q: Investorideas.com
Are you looking at South American opportunities and if so where? For example I published an article from another writer recently entitled “It’s a good time to buy land in Argentina”, based on falling coffee and sugar prices .
A: Steve Yuzpe of Sprott Resource Corp
We like certain jurisdictions in South America and would definitely avoid others. Our investment style considers geopolitical risk, currency risk, etc., in addition to return profile of the investment. For example, we have a large position in Union Agriculture Group, a large farming operation in Uruguay. We also have a large position in Stonegate Agricom, which has a phosphate deposit in Peru.
Q: Investorideas.com
What will be the driving force to get more investors into agriculture and water? Do you think like a lot of other sectors, that it will be event driven (water shortages, drought, and contamination) or simply pocket book related as prices rise?
A: Steve Yuzpe of Sprott Resource Corp
The agriculture segment is much smaller than other investment sectors. To bring more investors into the sector, we also need to build and develop more companies and products to invest in.
It could legitimately be from either event driven or market driven (inflation protection) event, but likely it is from a linked event. A geopolitical or production crisis (weather, etc.) would start prices to rise and fear and greed would exacerbate the price moves.
Q: Investorideas.com
Where do you think Canada fits into the global market?
A: Steve Yuzpe of Sprott Resource Corp
Long term, Canada has a very important role to play in primary food production ... a large arable land base, already a net exporter of production (with a small population, so little chance that production will be held back from export in a food crisis), significant water resources, geopolitical stability, infrastructure is in place, experienced farmers and a system of strong food safety standards.
About Steve Yuzpe, Chief Financial Officer
Mr. Yuzpe has over 10 years of financial administration management experience with public and private corporations. Over his career, Mr. Yuzpe has developed specific expertise in financial and internal reporting, strategic development and business planning, corporate governance, investor relations, regulatory compliance, treasury, financings and restructurings. Since 2009, Mr. Yuzpe has served as the Chief Financial Officer of Sprott Resource Corp., and is currently the chairman of One Earth Farms Corp., as well as a director of One Earth Oil and Gas Inc. Mr. Yuzpe has also been involved with Street Kids International, a charity focused on youth at risk, as the Treasurer, member of the Executive Committee and Board of Directors for more than 10 years. He was also a founding board member of Inroads to Agriculture Institute, an organization whose mission is to help Aboriginal people secure full time employment in the agricultural industry through training and employment support. Mr. Yuzpe holds a Bachelor of Science, Engineering (Mechanical) degree from Queen’s University along with the Professional Engineering designation (P.Eng.) and a Masters in Business Administration from the Richard Ivey School of Business in London, Ontario. Mr. Yuzpe is also a Chartered Financial Analyst (CFA) charter holder.
About Sprott Resource Corp.
Sprott Resource Corp. invests and operates through its subsidiaries in the natural resource sector. We currently have investments and operations in oil and gas, energy, agriculture and agricultural nutrients, as well as a large position in physical gold bullion. We take an active role in the companies in which we invest. We are dedicated to generating consistently superior returns on capital for our shareholders, while focusing on risk management and real wealth preservation. We seek to accomplish these objectives by acquiring or starting attractive businesses at the right time, growing this value organically or through accretive acquisitions and by maintaining financial flexibility to be responsive to the needs of our businesses and to capitalize on new opportunities.
www.sprottresource.com
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Wednesday, June 19, 2013

Oilfield Services / Frac Water Stock Trading Alert; HII Technologies (HIIT) Gains 11%

New York, NY / Point Roberts, WA - June 19, 2013 (Investorideas.com Newswire, www.water-stocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on trading for oilfield services /frac water treatment stock HII Technologies, Inc. (OTCBB: HIIT). The stock is trading at $0.30, gaining 0.03 or 11.11% on light volume.

The company recently reported that Matt Flemming, CEO, and Brent Mulliniks, President of the Company's subsidiary, AES Water Solutions, will present a review and investor update of the Company to the Energy Prospectus Group (EPG). The EPG luncheon will be held at the Hess Club located at 5430 Westheimer, Houston, Texas on June 25, 2013 starting at 11:30am. Interested attendees who would like to meet management and attend the luncheon may register for the meeting at http://www.energyprospectus.com/event.php?eventId=84.
A copy of the presentation will be available on the Company's website on June 25th. The presentation will be available to members of the Energy Prospectus Group at www.energyprospectus.com.
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 new oilfield related technologies to enhance the value of services to 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). Read more at www.HIITinc.com, www.AESwatersolutions.com and www.oilfield-generators.com.
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This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: HIIT has compensated Investorideas.com two thousand for news publication per month /
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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