Point Roberts, WA - April 22, 2013 (Investorideas.com Newswire,
www.water-stocks.com)
Investorideas.com, an investor research portal specializing in sector
research, issues an exclusive Q&A interview with oilfield services
and frac water supply company, HII Technologies, Inc. (
OTCBB: HIIT).
Mr. Matthew Flemming, CEO of HII Technologies, discusses recent
financial results, second quarter guidance and growth opportunities
moving forward.
Q: Investorideas.com
Matt can you give investors a brief overview of the different divisions within HII Technologies?
A; Mr. Matthew Flemming, CEO
HII Technologies includes services and technology in Water, Safety
and Power. The Company’s frac water supply services subsidiary does
business as AES Water Solutions, its onsite oilfield contract safety
consultancy operates as AES Safety Services, and its mobile oilfield
power subsidiary does business as South Texas Power (STP). Its primary
operations are in Texas and Oklahoma.
According to Baker Hughes Rig Count recent published data, about
57% of the rigs in the United States are operating in Texas and
Oklahoma.
The Company is positioned to take advantage of the significant
anticipated growth in horizontal drilling and hydraulic fracturing
within the United States. Active shale and unconventional “tight oil”
plays such as Eagle Ford Shale, Woodbine, Permian basin and Granite Wash
are monetized by HIIT deploying new oilfield related technologies to
enhance the value of its Water, Safety and Power services to its
customers.
Q: Investorideas.com
You recently announced fourth quarter and year end results. Can you give us the highlights and how each division performed?
A; Mr. Matthew Flemming, CEO HII Technologies:
Our fourth quarter '12 revenues of $1.64 million exceed the
cumulative total of the first three quarter’s 2012 combined. Our largest
division, AES Water Solutions performed exceptionally well for the
quarter and year ending December 31, 2012. Also, the Safety and Power
divisions being relatively new are anticipated to have significant
further revenue impact in 2013 as we go forward. AES also made a
purchase of water transfer assets and rolling stock in November ’12 for
about $600 thousand which management believes was more than $1.2 million
in market value. These assets were quickly deployed in the field to
build our rental fleet of equipment and had a positive impact on
revenues during the 4 th quarter 2012.
Q: Investorideas.com
You also just reported preliminary first quarter 2013 revenues up
an estimated 300%. Can you discuss the growth curve and factors
contributing to the numbers?
A; Mr. Matthew Flemming, CEO HII Technologies;
For fiscal 2013, we anticipate additional revenue contribution from
the Power and Safety divisions, known as South Texas Power and AES
Safety Services. All three divisions, Water, Power and Safety exceeded
budgeted revenue plans for the 1 st quarter 2013 and met several
milestones. AES Water Solutions had significant revenue gains in the
quarter as it expanded further geographically into West Texas and South
Texas, adding several new customers to its mix. Likewise, both South
Texas Power (STP) and AES Safety Services grew revenues and added
customers. STP built out its operations in the Eagle Ford Shale market,
deploying both generator and light tower rental equipment. AES Safety
Services also performed well achieving several goals including
establishing operations in Ohio where the State requires safety
personnel on site 24/7 from the initial site prep to final completion of
the oil or gas well.
Q: Investorideas.com
Can you give investors insight into your competitive advantages from both technology and cost perspectives?
A; Mr. Matthew Flemming, CEO HII Technologies;
One significant example at South Texas Power ; when we bring
natural gas powered generators to onsite oilfield operations where no
electricity grid exists, we can cut the cost of fuel by 80% or more
compared to traditional diesel powered generators for oilfield
customers.
In our water division, we are looking into technology solutions to
provide h igh volume, price competitive, onsite, mobile recycling of
flow back water used in hydro-fracing.
Our technology and pricing gives us a long term sustained advantage.
Q: Investorideas.com
Your reported revenue guidance of $2.6 million for the second
quarter 2013; can you give insight to where you see the revenue growth
within each division?
A; Mr. Matthew Flemming, CEO HII Technologies
This is modeled off our current revenue run rates by division and
again because of our two newer divisions we believe we will continue to
see good top line revenue growth on a consolidated basis.
Q: Investorideas.com
Where do you see the most potential moving forward?
A; Mr. Matthew Flemming, CEO HII Technologies
The water market is very large and growing especially in oil and
gas segment. Its is possible that the water market for oilfield could
represent a large long term opportunity if the commodity scarcity
continues to play a role and oil/gas companies continue to pay such
hefty amounts to source water for their hydro-fracing uses.
About HII Technologies, Inc. (
OTCBB: HIIT)
HII Technologies, Inc. is a Houston, Texas based oilfield services
company with operations in Texas, Oklahoma, Ohio and West Virginia. The
Company is positioned to take advantage of the significant anticipated
growth in horizontal drilling and hydraulic fracturing within the United
States' active shale and unconventional "tight oil" plays by deploying
new oilfield related technologies to enhance the value of services to
its customers. The Company's frac water supply services subsidiary does
business as AES Water Solutions, its onsite oilfield contract safety
consultancy operates as AES Safety Services, and its mobile oilfield
power subsidiary does business as South Texas Power (STP). Read more at
www.HIITinc.com, www.AESwatersolutions.com and
www.oilfield-generators.com.
Investors can research more water remediation and oil services stocks with Investorideas.com stock directories
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Disclaimer/ Disclosure :
This interview may contain forward looking statements. The
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This site is currently compensated by featured companies, news
submissions and online advertising. Disclosure: HIIT has compensated
Investorideas.com two thousand for news publication per month /
BC Residents and Investor Disclaimer : Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies
for adherence in new disclosure filings and filing appropriate documents
with Sedar. Read for more info:
http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source -
www.Investorideas.com, HIIT
On a consolidated basis, the Company's revenues for the quarter
ended March 31, 2013 was approximately $2.2 million, an increase of over
300% compared to the first quarter 2012 consolidated revenues of
approximately $536,000. Further, the Company's first quarter 2013
represented a 45% increase over the Company's fourth quarter 2012
revenues of approximately $1.65 million.
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