Past Advisor to the President Cabinet-level RTC
Oversight
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 Bruce
MacFarlane as a Director of the Board subject to
approval of the TSXV.
He is President and a Founder of GPO Capital
Corporation, an alternative investment management company. He also
serves as Chairman both of Ceannate Corporation, a leading business
process outsourcing firm focused entirely on the education sector,
and Meridian Development Partners, a real estate investment
firm. Mr. MacFarlane has more than 30 years of experience as
an investor in and advisor to financial and business services
companies worldwide. Mr. MacFarlane was also a founding
member of Venturion Capital and Aquiline Capital
Partners, both private equity investment firms focusing on
growth oriented firms in the financial and business services
industries worldwide. Previously, he served as a Director in Smith
Barney's M&A group. Prior to Smith Barney, he served as
Director of Financial Institutions and Senior Advisor to the
President for the Cabinet-level Resolution Trust Corporation
Oversight Board, which set the strategy and policy for the
$100 billion savings & loan
cleanup. Mr. MacFarlane was also a Senior Manager at both Andersen
Consulting and Oliver, Wyman & Company - both leading
management consulting firms. Mr. MacFarlane earned his BA with
Honors in Chemistry from Harvard
College and his MBA from Harvard
Business School.
Dennis Danzik CEO Ridgeline stated "We are
extremely pleased to have Mr. MacFarlane join the board of
Ridgeline. Bruce brings an enormous amount of financial and
business experience working with growth companies that should
benefit Ridgeline as we continue to build the company."
At the same time Ridgeline would like
acknowledge Mr. Brian Straub for his
contribution to Ridgeline over the past 2 years as we built the
base of the Company. Mr. Straub has resigned effective the end of
April 2013. Mr. Straub is a resident
of Calgary, and Arizona, and spends much of his time in other
parts of the world traveling, so we wish him well.
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, which can also be
mined for valuable effluents and other materials that can be
refined into fuels and other energy products. The Company trades on
the TSX Venture Exchange under the symbol "RLE", the OTCQX as
"RGDEF" and the Frankfurt Stock and Stuttgart Exchanges as
"RL7".
ON BEHALF OF THE BOARD OF DIRECTORS
"Tony Ker"
Tony Ker
Executive Chairman
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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.