Managing Director Roycap Merchant Banking Group
CALGARY, AB & SCOTTSDALE, AZ, May 6,
2013 /CNW/ - Ridgeline Energy Services Inc. ("Ridgeline"
or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a
technology driven company operating in the waste water industry,
today announces the appointment of Jean
Noelting as a Director of the Board subject to
approval of the TSXV.
Mr. Noelting on behalf of Roycap negotiated the recently
announced CWT (Carthage Missouri)
acquisition by Ridgeline. He is a seasoned CEO with experience in
both growth and turnaround assignments. He has a solid track record
of accomplishments in the management of complex businesses of
various sizes (up to $3 billion) and
industry segments.
He has been President and CEO of Cryptologic Inc., a leading
software development company serving the internet gaming market
with a strong proprietary financial transaction engine. During his
tenure, Cryptologic was honored as the fastest growing company in
Canada by Profit Magazine. He has
also been President of Westburne Inc., Canada's leading distributor of electrical,
plumbing and industrial supply products with sales of $3 billion. Before its sale to Rexel SA of
France, Westburne had recorded
sales and profit growth of +25%, from a successful program of
acquisitions and continued organic growth. Mr. Noelting was also
Divisional President with Parmalat Canada, in charge of the Food
Group, its largest business units with sales of $1 billion. Jean has an engineering background,
he is bilingual and has an M.A.Sc. from the University of Toronto. He has been a recipient of
the "Top 40 under 40" (high achiever award).
Dennis Danzik CEO Ridgeline stated "We are extremely pleased to
have Mr. Noelting join the board of Ridgeline as it provides great
additional business and financial experience and demonstrates the
confidence Roycap and Mr. Noelting have in the future for
Ridgeline".
At the same time we would like acknowledge Mr. Douglas Johnson and Mr. Kelly Sledz for their contribution to Ridgeline
since the inception of the company almost 8 years ago. Mr. Johnson
has retired from the board effective the 4th
May 2013. Mr. Johnson has been a
stalwart supporter of the company over the years in time,
investment and marketing. His experience in the venture capital
market was of great value at the formative stage of the company and
we thank him for his contributions.
Mr. Sledz has stepped off the Ridgeline board
effective the 3rd May
2013. Mr. Sledz was Chairman of the Audit Committee and
provided valuable guidance to the company in many financial
reporting areas; we thank him for his contributions.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is a technology
driven company operating in the waste water industry. The Company
is applying proprietary technology to treat water generated from
industrial and commercial waste water markets. These markets
include a wide variety of clients across a broad spectrum of
industries including oil and gas. Through its environmental
consulting and remediation divisions, Ridgeline Environment
has built a reputation as an established provider of environmental
services to the Western Canadian oil and gas industry. Ridgeline
GreenFill provides soil remediation and wet waste disposal
services to the oil and gas industry. The Company trades on the TSX
Venture Exchange under the symbol "RLE", the OTCQX as "RGDEF" and
the Frankfurt Stock Exchange as "RL7".
ON BEHALF OF THE BOARD OF DIRECTORS
"Tony Ker"
Tony Ker
Executive Chairman
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SOURCE Ridgeline Energy Services Inc.