Northridge Energy Development Group

Northridge Energy Development Group

January 26, 2011 09:00 ET

Northridge Energy Development Group Recognized as One of Alberta's 50 Fastest Growing Companies for a 2nd Consecutive Year

CALGARY, ALBERTA--(Marketwire - Jan. 26, 2011) - Northridge Energy Development Group Inc. (NEDG), a provider of service excellence and innovative engineering solutions for the oil & gas industry in Western Canada and South America, announced today it has been chosen as one of Alberta's 2011 Fast Growth 50 for the 2nd year in a row by Alberta Venture magazine. NEDG's leading companies are engaged in EPCM Engineering, Data Collection and Management, and EIC Design and Engineering. NEDG's recognition from Alberta Venture is a testament to its always expanding innovative and valuable services offerings, sound management of its scalability, effective financial controls and strong corporate vision.

The annual list of Alberta Venture's Fast Growth 50 is compiled by a panel of Alberta Venture Magazine and KPMG. Using a formula measuring growth by 10 different weighted criteria over the past three years, the panel reviewed submissions and financial statements from companies across the province and ranked 50 growth leaders from their most recently completed fiscal year. All 2011 Fast Growth 50 companies will be celebrated at an exclusive awards reception in February.

Northridge Energy Development Group almost doubled its employee total and increased its revenue 71% over 2009. NEDG followed its successful expansion into Estavan, SK, with the opening of an office in Fort. St. John, BC so it could more effectively service Northeastern BC's oil and gas industry. In 2010, NEDG successfully launched its newly formed Data Collection and Management division, BlackBox IDC, which will be expanding into new cutting-edge GIS Pipeline Mapping and Intelligence services in 2011. On January 1st, NEDG became an employee owned company and is excited about the launch of two new business units in 2011.

"Working with growth oriented producers, like Angle Energy that made the Fast Growth list for a 2nd consecutive year, have helped make our growth a possibility," noted president Jon Harrison. "We plan to continue aggressive growth into 2011 as we continue to develop our established operations, introduce new market offerings and seek out growth oriented partners."
To learn more please visit www.nedg.ca.

About Northridge Energy Development Group Inc.

Northridge Energy Development Group Inc. (NEDG) delivers service excellence and innovative engineering solutions for the oil & gas industry in Western Canada and South America with leading companies engaged in EPCM Engineering (single-well tie-ins, processing facilities, large light oil and gas gathering systems), Data Collection and Management (integrating field, information and geospatial services) and Electrical, Instrumentation and Control System Design and Engineering (specializing in remote automation, monitoring and optimization). NEDG, founded in 2005, is an employee owned private company, headquartered in Calgary, AB with offices in Estevan, SK and Fort St. John, BC. NEDG was recognized as one of Alberta's 2011 Fast Growth 50 for the 2nd year in a row. For more information, please visit www.nedg.ca.

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