SOURCE: Hutech21 Co., Ltd.

June 17, 2013 07:00 ET

Prairie Oil Field Services Prepares for Increased Revenues From South Central Manitoba

RATHWELL, MB--(Marketwired - Jun 17, 2013) - Hutech21Co. Ltd. (PINKSHEETS: CLGZF), d.b.a. Prairie Oil Field Services Ltd. ("Prairie Oil Field" or "the Company"), a mining, manufacturer and distributor of crushed gravel and sand materials, is pleased to announce they are preparing for increased revenues from South Central Manitoba. Revenue growth will be driven by rising demand of crushed gravel service.

"This is an exciting time for our company. We are now entering the busy spring and summer construction season. We have already begun experiencing strong demand for our crushed gravel services" said Darcy Hird, President and CEO of Prairie Oil Field Services. "In order to meet the high demand, we are in the final stages of acquiring a 160-acre quarry in Manitoba. The quarry will significantly increase our inventory of crushed gravel and allow us to begin mining and marketing a more diversified product line, including shale and stone specialty products. The all-cash transaction is expected to be non-dilutive to shareholders and close within the next 15 days," concluded Darcy Hird.

About Prairie Oil Field Services Ltd.

Established in 1996, Prairie Oil Field mines, manufactures, transports and supplies quality crushed gravel and clay sand, along with expert staffing and equipment, including gravel truckers, excavators, pickers and loaders in various sizes. Headquartered in Rathwell, Manitoba, the Company serves South Central Canada's construction industry.

Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Hutech21Co. Ltd., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Hutech21Co. Ltd.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Hutech21Co. Ltd.'s filings with the Securities and Exchange Commission.

Contact Information

  • Contact:

    Darcy R. Hird
    President and CEO
    Prairie Oil Field Services Ltd.
    Tel: 204-526-5114
    Email Contact