FilterBoxx Water & Environmental Corp.

FilterBoxx Water & Environmental Corp.

July 16, 2012 10:18 ET

FilterBoxx Water & Environmental Gears Up for Growth

CALGARY, ALBERTA--(Marketwire - July 16, 2012) - Mr. John Coburn, Chairman of FilterBoxx Water & Environmental Corp. ("FilterBoxx" or "the Corporation") announced various initiatives that have been undertaken over the past few months that will position the Corporation for growth and long-term success.

Mr. Lawrence (Larry) Novachis has been appointed Chief Executive Officer. Mr. Novachis' primary areas of focus will be in strengthening the Sr. Management Team, driving operational excellence and rigor, developing and leveraging key partnerships and relationships to drive revenue growth and expansion into adjacent markets and geographies. Mr. Novachis has been in the Water Business for over 32 years in a variety of roles in both equipment manufacturing and consulting engineering. Prior to joining FilterBoxx, he was with ZENON Environmental since 1992 and GE Water and Process Technologies (after the acquisition of ZENON in 2006) where he was the Vice President North American Sales for their Equipment Portfolio.

Mr. Kevin Slough, co-founder of FilterBoxx, has been appointed President. As President, Mr. Slough will lead the FilterBoxx Packaged Water Solutions Division. Mr. Slough has over 20 years experience in the Water Industry. His vision, expertise and experience have helped to position the Company as the leading supplier of packaged water and wastewater treatment systems to Canada's Oil and Gas Sector. Prior to FilterBoxx, he held senior engineering positions with Komex International (now part of Worley-Parsons) and Earth Tech.

Mr. Brian Flannigan has been appointed as Vice President of Sales & Marketing. Mr. Flannigan is a 32 year veteran of Nalco, one of the largest water treatment and process improvement companies in the world. With this experience, Mr. Flannigan will lead the execution of the Corporation's overall Sales & Marketing strategy and build upon its fast-developing reputation and help it become a Global Player. Brian brings deep domain expertise to the Company in the areas of Capital Equipment Sales, Chemical Treatment Sales and Design- Build-Own-Operate Sales as well.

Mr. Bill Jones, Vice President of Operations will be focusing his skills and expertise directly on Combo Energy Services Ltd. ("Combo"), the Rental Division of the Company. This Division is focused on the Rental, Service and Operation of a wide range of water and wastewater treatment facilities on a Design-Build-Own-Operate basis with units operating throughout Canada and the USA.

Ms. Janet Yuchem joined FilterBoxx in April of 2012 as Chief Financial Officer. She brings extensive experience with growing, entrepreneurial businesses in a variety of industries as well as corporate turnarounds. Previously, she was Vice President of Finance at Forzani Group Ltd., and has held various senior financial positions with Pristine Power Inc. and most recently Veresen Inc. Ms. Yuchem is a Chartered Accountant and a Chartered Financial Analyst.

Ms. Lilli Boctor Bullen has been appointed Vice President and General Counsel. Ms. Boctor Bullen brings a wealth of experience in advising mid-sized services companies in Alberta and Ontario and will concentrate her efforts in streamlining FilterBoxx's legal review processes as well as providing input and oversight for general Corporate and commercial matters.

In addition, the Company has just recently opened an office in Oakville Ontario to support a newly formed Applications Engineering Department under the direction of Mr. David Fraser. Mr. Fraser is a P. Eng., with a degree in Waste Water Resources from the University of Guelph, and over 20 years of experience in the Engineering and Sales of Water and Wastewater Treatment Systems. The Applications Engineering Team possesses a sound Process Expertise and overall knowledge of the Water Industry will support the Corporation's Sales and Marketing efforts.

Mr. Brian Edwards has joined the USA division of the Corporation and will be based in Colorado. Mr. Edwards will oversee the US-Based Rentals, Operations and Service for the Corporation.

"I am very excited and optimistic about the Management Team that we have been able to put in place. Everyone has a high level of enthusiasm and customer focus and brings a different expertise to the table that makes it fun to come to work every day. They are quick thinkers who are driven to perform at a very high level and will lead by example as we endeavor to take the Company to the next stage in its development. I am honored to be working alongside such a dedicated and capable group of people. Together, there is no hill too steep for us to climb", comments Novachis.

During the past several months, the Corporation has begun to diversify into different Market Segments. Recently it was awarded a $2.5M potable water treatment plant to support a 3000 man camp at a Central Saskatchewan potash mine. The camp is scheduled to commence operation in October 2012.

This spring, the Corporation commenced work on a potable water treatment plant, residential distribution and fire pumping equipment, worth approximately $1.5M for an upscale residential subdivision southeast of Calgary. Additionally, the Corporation is also completing a $3M project for a major camp Company for the supply and installation of gas lines, potable water storage distribution pumps and lines, emergency fire pump, associated storage tanks, fire lines, waste water collection and pumping stations. The site works is in support of the ongoing expansion of a major oil sands company in Fort McMurray, Alberta.

FilterBoxx has recently secured an additional $3M in financing from its lead investors XPV Water Fund LP, Enertech Capital Partners LP, Walsingham Growth Partners and Mr. Jay Simmons. This cash injection will support future growth opportunities as well as general corporate expenditures. In addition to the support from its investors, the Company also recently finalized a new Agreement its Senior Lender; HSBC.

About FilterBoxx Water & Environmental Corp.

FilterBoxx Water & Environmental Corp. operates as FilterBoxx Packaged Water Solutions and Combo Energy Services. FilterBoxx Packaged Water Solutions is a leading provider of packaged potable water and wastewater treatment systems to drilling, mining and pipeline camps, small municipalities and aboriginal communities. Combo Energy Services provides Rental, Service and Operations of a wide range of water and wastewater treatment facilities on a Design-Build-Own-Operate (DBOO) basis with units operating throughout Canada and the USA. FilterBoxx & Combo have offices in Calgary, Stony Plain and Grande Prairie, Alberta, Oakville, Ontario and Carbondale, Colorado USA.

Contact Information

  • FilterBoxx Water & Environmental Corp.
    Larry Novachis
    Chief Executive Officer
    (403) 444-8585