Price Quoted and Trading in the United States under the Symbol RGDEF
CALGARY, Dec. 13, 2011 /PRNewswire/ - Ridgeline Energy Services Inc. (TSXV: RLE) (OTCQX: RGDEF) ("Ridgeline" or the "Company") announces that it is now also trading on the highest tier of the OTC market, OTCQX®. Ridgeline is price quoted and trading in the United States under the symbol RGDEF. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
Tony Ker CEO of Ridgeline stated, ""We see joining OTCQX as a very cost effective method to facilitate a U.S. presence. As the top tier of the U.S. OTC market, with its transparency, credibility, and convenience to U.S. investors, the OTCQX is gaining recognition from micro to large cap companies. We feel having this new exposure to the U.S. investment community will enhance our liquidity and broaden our shareholder base."
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Ridgeline Energy Services to OTCQX."
Dorsey & Whitney LLP will serve as Ridgeline's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services technology and consulting company focused on waste management in the oil and gas industry. Through its subsidiary Ridgeline Water Inc., the Company is applying proprietary technology to treat the large volumes of contaminated water generated by oil and gas production. The Company is working with energy majors in the application of its technology for the recycle and reuse of; produced and hydraulic fracturing water; enhanced recovery chemical flood water; and oil sands process water. As well the Company is utilising its technology in the testing and treatment of commercial and industrial waste water. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established provider of environmental services to North America's oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF". Additional information is available on the Company's website at: www.ridgelinecanada.com.
For a video on hydraulic fracturing and our proprietary water treatment technology please follow this link: Ridgeline Video Presentation.
"Neither 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. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
SOURCE Ridgeline Energy Services Inc.
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