CALGARY, ALBERTA--(Marketwire - April 21, 2011) -
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Phoenix Oilfield Hauling Inc. ("Phoenix" or the "Company") (TSX VENTURE:PHN) is pleased to announce an agreement with Werklund Enterprises Ltd. for the provision of Business Advisory Services.
Werklund Enterprises, a wholly owned subsidiary of Werklund Capital Corporation ("WCC") provides business advisory services in collaboration with organizations seeking to attain uncontested market space through strategic and operational differentiation.
Mr. Christopher Challis, President & CEO of Phoenix stated, "As we continue to realign the Company, we are excited by the prospect of engaging a highly experienced advisory team to assist us with the implementation of our 'Journey to Excellence' project. Our continuing focus on safety performance and operational excellence will enable us to develop and differentiate Phoenix as the leading oilfield transportation service provider in the strategic growth regions of Western Canada, Texas and Pennsylvania."
WCC is a Non-Arm's Length Party (as the term is defined in Policy 1.1 of the TSX Venture Corporate Finance Manual) in relation to the Corporation, as David Werklund is a director of both the Company and WCC, and Blake Lyon is a director of the Company and President & CEO of WCC.
ABOUT PHOENIX OILFIELD HAULING INC.
Phoenix is a public energy services transportation corporation operating in Western Canada, Texas and Pennsylvania and which trades on the TSXV under the symbol "PHN".
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 release.
Contact Information:
Mr. Christopher W. Challis
President and Chief Executive Officer
(403) 262 9151 ext. 224
cchallis@phoenixhauling.com