SCOTTSDALE, Ariz., Jan. 19, 2016 /PRNewswire/ -- Nuverra
Environmental Solutions, Inc. (NYSE: NES) ("Nuverra" or the
"Company") today announced that it received notification by NYSE
Regulation, Inc. that trading of the Company's common stock on the
New York Stock Exchange ("NYSE") will be suspended before the
opening of trading on January 20,
2016. The NYSE has suspended trading and initiated delisting
procedures with respect to the Company's common stock pursuant to
Section 802.01B of the NYSE's Listed Company Manual because the
Company has fallen below the NYSE's continued listing standard
requiring an average global market capitalization during a
consecutive 30 trading-day period of not less than $15.0 million.
The Company also announced that its common shares will be
available for trading on the OTCQB Market beginning January 20, 2016 under the ticker symbol "NESC".
This transition to the OTCQB Market does not affect the Company's
business operations. The Company will continue to file periodic and
certain other reports with the Securities and Exchange Commission
under applicable federal securities laws.
About Nuverra
Nuverra Environmental Solutions is among the largest companies
in the United States dedicated to
providing comprehensive, full-cycle environmental solutions to
customers in the energy market. Nuverra focuses on the delivery,
collection, treatment, recycling, and disposal of restricted
solids, water, wastewater, waste fluids and hydrocarbons. The
Company provides its suite of environmentally compliant and
sustainable solutions to customers who demand stricter
environmental compliance and accountability from their service
providers. Find additional information about Nuverra on the
Company's website, http://www.nuverra.com, and in documents filed
with the U.S. Securities and Exchange Commission (SEC) at
http://www.sec.gov.
Forward-Looking Statements
The information contained herein includes certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements may include forecasts
of growth, revenues, business activity, pricing, adjusted EBITDA,
pipeline and solids treatment initiatives, and landfill and
treatment facility activities, as well as statements regarding
possible acquisitions, divestitures, financings, business growth
and expansion opportunities, liquidity, availability of capital,
ability to access capital markets, cost-management initiatives,
expected outcome of litigation and other statements that are not
historical facts. Actual results may differ materially from results
expressed or implied by these forward-looking statements. All
forward-looking statements involve risks and uncertainties,
including, difficulties encountered in acquiring and integrating
businesses; uncertainties in evaluating long-lived assets for
potential impairment; potential impact of litigation; risks of
successfully consummating expected transactions within the
timeframes or on the terms contemplated; uncertainty relating to
successful negotiation, execution and consummation of all necessary
definitive agreements in connection with our strategic initiatives;
whether certain markets grow as anticipated; pricing pressures;
risks associated with our indebtedness; current and projected
future uncertainties in commodities markets, including low oil
and/or natural gas prices; changes in customer drilling and
completion activities and capital expenditure plans; shifts in
production in shale areas where we operate and/or shale areas where
we currently do not have operations; control of costs and expenses,
including uncertainty regarding the ability to successfully
implement cost-management initiatives; liquidity and access to
capital; compliance with the terms of agreements governing our
indebtedness; and the competitive and regulatory environment.
Additional risks and uncertainties are disclosed from time to time
in the Company's filings with the SEC, including the Annual Report
on Form 10-K for the fiscal year ended December 31, 2014, as well as Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K.
Source: Nuverra Environmental Solutions,
Inc.
Liz Merritt, VP-Investor
Relations & Communications
480-878-7452
ir@nuverra.com
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SOURCE Nuverra Environmental Solutions, Inc.