Phoenix Oilfield Hauling Inc.
TSX VENTURE : PHN

Phoenix Oilfield Hauling Inc.

September 19, 2011 08:30 ET

Phoenix Oilfield Hauling Inc. Appoints Interim CEO and Commences Executive Search for Permanent CEO

CALGARY, ALBERTA--(Marketwire - Sept. 19, 2011) -

THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Phoenix Oilfield Hauling Inc. ("Phoenix" or the "Corporation") (TSX VENTURE:PHN) is pleased to announce the appointment of David Werklund as the interim President and Chief Executive Officer of Phoenix. The board of directors of Phoenix will immediately commence a search for a permanent President and Chief Executive Officer who has experience in transportation and logistics management. During the search, Mr. Werklund will be assisted by Wayne Thompson, Vice President, Oilfield Services of Phoenix with respect to the Corporation's North American operational activities.

Chris Challis, the current President and Chief Executive Officer of Phoenix, has resigned to pursue other business interests. While in his leadership role at Phoenix, Mr. Challis was responsible for moving the Corporation into new markets in the Western Sedimentary Basin and the United States.

Mr. Werklund, commented that, "Mr. Challis was brought on board to help expand the Corporation into new markets and improve its financial results. On behalf of the board of directors and the management team of Phoenix, I thank Mr. Challis for the significant contributions he has made in expanding operations and improving the Corporation's financial condition during his tenure".

Mr. Werklund will remain as Chairman and a member of the Corporation's board of directors.

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