Frontier Oilfield Services, Inc. Acquires Saltwater Disposal System
Frontier Oilfield Services, Inc.'s primary business focus is on wastewater recovery and disposal which was selected due to the recurring nature of the revenues, the relatively high margins and the strong barriers to entry by potential competitors because of the limited supply of state permitted commercial disposal wells. In addition, as a result of breakthroughs in recent extraction technology, exploration & production companies are faced with the increasing burden of the disposal of higher volumes of produced fluids and saltwater. Frontier's acquisition strategy in this highly fragmented, decentralized and essential sector of the energy services market, positions Frontier for potentially rapid expansion and substantial growth in the future. Frontier currently has two additional wholly owned subsidiaries, Trinity Disposal and Trucking, LLC in Waskom, Texas and Coffman Tank Trucks, LLC of Chico, Texas.
The Frontier Oilfield Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16754
FORWARD LOOKING STATEMENTS
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the Company's Forms 10-K, Forms 10-Q, and other filings with the Securities and Exchange Commission. Such risk factors include, but are not limited to, a limited operating history with no earnings; reliance on the Company's management team; the ability to successfully implement the Company's business plan; the ability to continue as a going concern; the ability to fund the Company's business and acquisition strategy; difficulty in managing operations of acquired businesses; and limited trading in the public market for the Company's common stock. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
CONTACT: Dick O'Donnell EVP at Frontier Oilfield Services, Inc. (972) 243-2610
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