This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

HII Technologies, Inc. Announces New Safety Services Business Unit

HOUSTON, Feb. 13, 2013 /PRNewswire/ -- HII Technologies, Inc. (the "Company"), symbol OTCBB: HIIT, an oilfield services company headquartered in Houston, Texas, today announced that it has established an oilfield safety consulting business unit called "AES Safety Services" within its AES Water Solutions subsidiary by consolidating several experienced independent oilfield safety engineers.

AES Safety Services works directly with oilfield operators to assist in establishing and developing Health, Safety and Environmental programs that are customized to client companies' specific needs. The services offered cover a wide array of aspects from onsite training and inspection to field audits testing for compliance with increasing Federal and State requirements.

The expected value to the customer includes expedited access to qualified trained personnel, flexibility to have safety consultants move from site to site as the customer programs dictate and reduced overhead by outsourcing this integral component of oilfield operations. AES Safety Services will continue to add independent contractors providing best-in-class personnel to assist in the reduction of workplace injuries through teamwork, professionalism and training.

AES Safety Services' current largest customer is operating in active oilfield areas in Ohio, West Virginia and Texas. The Company is in discussions with existing customers and prospective new customers for other market areas to utilize its expanding suite of services. The Company generated revenues in its first month of operations from existing customer relationships and is anticipated to rapidly grow as new safety consultants are added.

Mr. Charles Davis, an experienced safety engineer who is President of AES Safety Services, stated, "I am pleased to join the AES team leading this new division. The customer relationships I bring from my experience in the Eagle Ford shale area and the dedication to excellence that HII brings to all of its activities will result in a win-win for both our team and customers."

Mr. Brent Mulliniks, President of AES Water Solutions, stated, "Some of the largest oil companies that we work with are interested in outsourcing their onsite safety personnel to insure independence, develop more flexibility and reduce their overhead creating a highly scalable business model for AES' new division. Strategically, safety consultants typically build good working relationships with drilling operators which foster excellent referral channels. Due to upcoming new state and federal regulations, AES believes there will be an increasing market demand for these niche services."

To provide an initial base reference point, Matt Flemming CEO of the Company, announced, "We anticipate significant revenue contributions from the AES Safety Services division by the second quarter of fiscal 2013, currently estimated at about $300 thousand per fiscal quarter. The Company currently does not anticipate any material capital expenditures will be needed for this division during 2013 and that its working capital needs can be addressed under the Company's existing $1 million line of credit, which has yet to be used."

About HII Technologies, Inc.

HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia focused on commercializing technologies in water management, safety services and portable power used by exploration and production companies in the United States. The Company's total water management services subsidiary does business as AES Water Solutions, AES Safety Services is its onsite oilfield contract safety consultancy, and its mobile oilfield power subsidiary does business as South Texas Power (STP).  Read more at

Forward-Looking Statements

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs