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.
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Disclosure: HII Technologies, Inc.: one month profile and news
distribution effective March 20, 2013 with option to renew: two thousand
per month
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