Oilfield Services /Frac Water Stock Trading Alert; HII Technologies (HIIT) Breaks Out of 52- Week High
Point Roberts WA –May 2, 2013 – (www.investorideas.com newswire, www.water-stocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on trading for oilfield services /frac water treatment stock HII Technologies, Inc. (OTCBB: HIIT). In yesterday’s trading session the stock broke through its 52-week high to close at $0.27.
The company recently announced that its preliminary unaudited results for consolidated revenue from operations for the quarter ended March 31, 2013 exceeded $2.2 million.
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.
HII Technologies, Inc.
HII Technologies, Inc. is a
Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and . The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the West Virginia ' 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 does business 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. United States
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