Intercept Announces its 3rd Quarter Revenue Results
November 08 2013 - 11:47AM
Access Wire
November 8, 2013 - Intercept Energy Services Inc.
(formerly
Global Green Matrix Corp.) (the "Company" or "Intercept") - TSX Venture:
IES announced an increase of $309,870 in its
third quarter revenues compared to the same period last year. The
gross revenue of $341,233 for the quarter, reflects the addition of
several new heating units operated by the Company's wholly owned
subsidiary Intercept Rentals. The units incorporate a highly
efficient and proprietary technology that can be used to heat water
required for the fracking process used by the many companies in the
oil and gas industry throughout Western Canada.
The reported revenues
are gross figures that have been invoiced from the operations of
Intercept Rentals. The Company will file its quarterly financial
statements for the period ended September 30, 2013 by November 29,
2013 and they will be available on SEDAR(http://sedar.com ) or the Company
web site.
Intercept Energy also
announces that it has taken delivery of a 2nd tri axle truck heating unit that has
been fully outfitted with the latest generation of the patent
pending heating technology developed by Intelligent Energy LLC,
giving the Company 4 active heating units.
The Company has also
entered into an agreement with Energy Manufacturing LLC whereby it
will receive 5,500,000 common shares of IES for a deemed value of
$412,500. The shares will contribute to the purchase of the
Company's 5th water
heating unit. The completion of the purchase is subject to a final
cash payment to be made by the Company prior to delivery of the
Unit. The issuance of the shares is subject to TSX-Venture Exchange
approval.
Randy Hayward
President and CEO states: "The months of July, August and September
are traditionally slow with respect to drilling and fracking
activity, mainly due to the warmer weather. We are therefore
satisfied with our results, and expect greater revenues during the
upcoming winter months with the new heating unit the Company will
have 5 units to serve Western Canada."
Due to fluctuating
market conditions the Company announces that the planned financing
with Bayfront Capital Partners Ltd. will not proceed at this
time.
INTERCEPT ENERGY SERVICES INC.
(http://interceptenergy.ca)
Intercept Energy Services Inc.
is an oilfield service company primarily focused on servicing
oilfield and gas companies, including their fracing operations,
through it's wholly owned subsidiary, Intercept Rentals. The
Company operates a growing number of proprietary, highly efficient
and economical water heating units in Western Canada making our
system the safest and most environmentally friendly heating unit
available.
INVESTOR RELATIONS
AND COMMUNICATIONS
RANDY HAYWARD, PRESIDENT or BUCHALTER
CONSULTING
Phone: 250-247-8689 or
604-687-8855 Toll free 1 866
631 6537 Fax: 604-608-5442
stan.buchalter@buchalterconsulting.ca
rhayward@interceptenergy.ca
Neither The TSX
Venture Exchange Nor Its Regulation Services Provider (As That Term
Is Defined In The Policies Of The TSX Venture Exchange) Accepts
Responsibility For The Adequacy Or Accuracy Of This News
Release.
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