“VeroLube is also pleased to announce that Mr. Ken Cherry is joining the Company as Chief Executive Officer. Mr. Cherry was formally the Executive VP and General Manager of FCC Environmental, the second-largest collector of used motor oil in the U.S. The Company is extremely fortunate to have Ken Cherry join VeroLube to lead the Company as Ken is an industry leader in the used oil collection and re-refining business and brings vast industry experience as VeroLube executes its business strategy,” said Mr. Lyons.“The Company is also grateful and thanks Mr. Leslie Wulf, the founder of VeroLube and whom was interim CEO over the last two years for creating this tremendous opportunity. Mr. Wulf will remain with the Company as Founder and Director and will focus on the Company’s strategic opportunities globally,” said Mr. Lyons. About VeroLube, Inc. VeroLube, Inc. (“VeroLube”) is a provider of used oil re-refining services using its own patented and certified ReGen TM re-refining process producing high yields of quality hydrocarbon products from used motor oils through its vertically integrated route based collectors of used motor oil. For further information: Bruce Hall, Chief Financial Officer (972) 841-6298 of VeroLube, Inc. ( www.verolube.com) About Thermo Fluids, Inc. Thermo Fluids Inc. is an environmental services company and the largest producer of commercial fuel oil from recovered used motor oil in the Western United States. The company collects and purchases used motor oil from a large number of companies across a diverse range of industries, such as quick-lube centers, auto dealerships, mining operations and industrial companies. In addition to collecting used motor oil, the company serves as a "one-stop" shop of collection and recycling services for waste products, including oily wastewater collection and processing, spent antifreeze collection and recycling, and used oil filter collection and recycling.
About Nuverra Environmental SolutionsNuverra Environmental Solutions is among the largest companies in the United States dedicated to providing comprehensive and full-cycle environmental solutions to customers in energy and industrial end-markets. Nuverra focuses on the delivery, collection, treatment, recycling, and disposal of restricted solids, water, wastewater, used motor oil, spent antifreeze, waste fluids and hydrocarbons. The Company continues to expand its suite of environmentally compliant and sustainable solutions to customers who demand stricter environmental compliance and accountability from their service providers. Interested parties can access additional information about Nuverra on the Company's web site at http://www.nuverra.com About Canaccord Genuity: Canaccord Genuity is the global capital markets division of Canaccord Genuity Group Inc. (TSX: CF, LSE: CF.), offering institutional and corporate clients idea-driven investment banking, merger and acquisition, research, sales and trading services from offices in 11 countries worldwide. Our team of nearly 1,000 capital markets and advisory professionals has industry and transactional expertise in 18 key sectors of the global economy. We are committed to providing valued services to our clients throughout the entire lifecycle of their business and operating as a gold standard independent investment bank – expansive in resources and reach, but targeted in industry expertise, market focus and individual client attention. More information is available at www.canaccordgenuity.com. FORWARD-LOOKING STATEMENTS: Certain statements in this Release which are not historical facts may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements related to VeroLube’s projected revenues, earnings, growth rates, revenue mix, staffing and resources, and product plans are forward looking statements as are any statements relating to future events, conditions or circumstances. The use of terms such as “believes”, “anticipated”, “expected”, “projected”, “targeting”, “estimate”, “intend” and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of VeroLube to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions. Except as required by law, VeroLube does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
The Company undertakes no obligation, except as required by law, to update publicly or otherwise any forward-looking information, whether as a result of new information, future events or otherwise, or the above list of factors affecting this information. Many factors could cause the actual results of VeroLube to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements.