Calgary, Alberta / ACCESSWIRE / November 24, 2014 / Aqua-Pure Ventures Inc. ("Aqua-Pure" or the "Company") (TSX: AQE), a premier recycler of oil field and shale gas wastewater, today announced that it has appointed John James Tintera, a licensed geologist and former Executive Director of the Railroad Commission of Texas ("RRC"), to its board of directors. Mr. Tintera’s appointment was ratified at the Company’s annual shareholder meeting on November 20, 2014. Mr. Tintera will be replacing Randy Oberlag, an active Board member since 2006 who has accepted an appointment on the Company’s Advisory Board.
Mr. Tintera, who currently serves as the president of the Texas Water Recycling Association and as a partner of Sebree & Tintera, LLC, an oil and gas regulatory consulting firm, spent 22 years with the RCC during which he oversaw the commission’s entire regulatory process, covering drilling permits, oil spills, pollution remediation and pipeline transportation. Over his 30-years of experience in both technical and managerial capacities, Mr. Tintera is recognized for his in-depth knowledge of state and federal regulatory structure of the E&P industry. While serving as a petroleum and environmental geologist, he founded and ran the pollution cleanup section of the RRC, for which he built a team of experts to address complex environmental issues and oversaw the remediation of dozens of major oil spills in a variety of environmental settings. As a result of his extensive and senior roles, Mr. Tintera has built a strong reputation and network within the oil and gas industry and the regulatory environment that governs it. Mr. Tintera earned a Bachelor of Science in Geology from Michigan State University and a Master of Science in Geology from Bowling Green State University.
"The company is grateful for Randy Oberlag’s important contributions to its Board of Directors over the past eight years, particularly as it relates to the legalities surrounding environmental concerns, and we look forward to his continuing council as a member of our Advisory Board," stated Jake Halldorson, Aqua-Pure’s CEO. "We embarked on a robust diversification and growth strategy two years ago, which has yielded year-over-year revenue growth in the last seven quarters. At this stage of the Company’s development, we enthusiastically welcome John Tintera to our Board. His longstanding expertise and relationships in the E&P industry, coupled with his water recycling focus will provide high credibility to Aqua-Pure as we seize the opportunity to accelerate growth."
"I have observed Aqua-Pure over many years and am pleased to see that their approach to addressing oilfield wastewater is gaining the industry recognition it deserves," commented John Tintera. "To provide an effective, consistent, cost-efficient process to recycle produced and flowback water in an era of draught and water shortages simply makes sense. There is a reason why Aqua-Pure’s NOMAD has commercially recycled over 20 million barrels of contaminated frac water and ROVER, with less than a year in the market, has recycled over one million barrels of contaminated water into clean brine – their products work extremely well. Now that environmental and economic forces are favoring recycling, I believe Aqua-Pure is extremely well positioned."
The Company also announces that 1,014,343 options were issued to employees, consultants, directors and officers of the Company. This grant is the result of adding new personnel and replacing 906,010 expired and exercised options. The options are exercisable at $0.25 per share and expire five years from date of issue.
For more information, please contact: [email protected] or:
Jacob T. Halldorson
Chief Executive Officer
(403) 301 4123 ext 27
Karim Teja
Chief Financial Officer
(403) 301 4123 ext 26
Yvonne Zappulla
Grannus Financial Advisors, Inc.
(212) 681-4108
About Aqua-Pure Ventures Inc.
Aqua-Pure (www.aqua-pure.com) is the premier recycler of industrial wastewater in North America. The Calgary-based oilfield engineering and services firm has developed and commercialized cutting-edge technology that transforms wastewater from a liability to an asset. Aqua-Pure's municipal and oil and gas wastewater services and technology solutions ensure environmental sustainability through the utilization of patented and proprietary technologies. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "AQE."
About Fountain Quail Water Management
Fountain Quail Water Management (www.fountainquail.com) provides low-cost, practical recycling alternatives for both shale gas and shale oil producers. The company is a global leader in recycling shale gas flowback and produced water into fresh water for re-use. Fountain Quail is wholly owned by Aqua-Pure Ventures Inc. and is based in Keller, Texas.
Forward-looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future operations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for oil and gas, (3) federal and local government regulations that affect the oil and gas drilling industries (4) the risk that the Company does not execute its business plan, (5) inability to finance operations and growth (6) inability to retain key management and employees, (7) ; an increase in the number of competitors with larger resources, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company's MD&A in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company’s MD&A filed with Canadian security regulators.
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.
To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/news_release_pdf/AquaPureNov242014.pdf
SOURCE: Aqua-Pure Ventures