EIS Capital Corp.

EIS Capital Corp.

July 05, 2011 08:00 ET

EIS Capital Corp. Completes Acquisition of Diamond B Transport

EDMONTON, ALBERTA--(Marketwire - July 5, 2011) - EIS Capital Corp. (TSX VENTURE:EIE) ("EIS Capital") is pleased to announce it has completed the acquisition of the business and assets of Diamond B Transport Ltd. ("Diamond B"). Diamond B is based in Lloydminster, Alberta and specializes in the transportation of over-sized and over-weight equipment within the oil and gas, mining, construction, and manufacturing industries. Diamond B provides its services within the Provinces of Alberta and Saskatchewan.

The purchase price of $3,687,500 was paid through a combination of: (i) the issuance of 1,250,000 common shares of EIS Capital issued at a deemed price of $1.35 per share; and (ii) $2,000,000 in cash.

About EIS Capital

EIS Capital, through its wholly-owned subsidiary, Entrec Transportation Services Ltd., specializes in the transportation and rigging of overweight and oversized cargo for the oil and gas, construction, petrochemical, mining and power generation industries. The common shares of EIS Capital trade on the TSX Venture Exchange under the trading symbol "EIE".

Neither the 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 release.

Contact Information

  • EIS Capital Corp.
    Rod Marlin
    Chairman & CEO
    (780) 960-5647

    EIS Capital Corp.
    John M. Stevens
    President & COO
    (780) 960-5625

    EIS Capital Corp.
    Jason Vandenberg
    (780) 960-5630