Global Green Matrix Corporation (the "Company") - TSX Venture: GGX - today announced Q-4 2012 revenues of $335,272 as compared to revenues of $31,363 in Q-3 2012.
These revenues were realized through the Company's 100% owned subsidiary 1503826 Alberta Ltd, operating as Intercept Rentals ("Intercept"). Intercept generates revenues from the rental & service of its two "BIG HEAT" water heating units. The Units use a proprietary and innovative technology that heats water required in the fraccing process by many companies in the oil and gas industry.
"From an operational standpoint, 2012 was a very successful year due to the recent increase in revenues. Considering the Company only acquired its first "BIG HEAT" unit for deployment in October of 2012, I am very pleased with the results. GGX recently added a second unit that is now fully operational and we anticipate next quarter's revenues to surpass the current quarter. The Company is planning to have a total of 5 "BIG HEAT" units in operation by the fall of 2013." stated Randy Hayward CEO.
About Global Green Matrix Corp. (www.globalgreenmatrix.com)
Global Green Matrix Corp. is an Oilfield Service Firm focused primarily on servicing oil and gas companies and their fraccing operations. The Company owns and operates through its wholly owned subsidiary Intercept Rentals truck and trailer mounted water heating units called the "BIG HEAT". The Company rents these units to oil and gas companies, that use the "BIG HEAT" a highly efficient heating technology to heat water for fraccing operations. Global Green Matrix has two units with plans to add three more units by fall of 2013.
ABOUT INTERCEPT RENTALS: (www.interceptrentals.com )
Intercept Rentals is a registered trade name of 1503866 Alberta Ltd., a wholly owned subsidiary of Global Green Matrix Corp. The subsidiary company has obtained the exclusive right to own and operate a new patent pending technology that provides a highly efficient and safe method of heating water used by oil companies in their fraccing operations.
For further information visit our website at www.globalgreenmatrix.com, email at firstname.lastname@example.org or contact:
Randy Hayward, President
Global Green Matrix Corp.
Phone: 250-247-8689 or 604-687-8855
Neither The 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 News Release
Leave a comment...