Frac Water News Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Reports Full Year 2013 Financial Results

HOUSTON - March 31, 2014 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company focused on providing Water, Power and Safety Services today announced its financial results for the fiscal year and fourth quarter ended December 31, 2013.

Significant fiscal year and fourth quarter 2013 financial results for the Company included:

• Fourth quarter 2013 revenues were approximately $4.8 million, an increase of approximately 190% from the fourth quarter 2012 revenues,
• Fiscal year ended December 2013 revenues were approximately $14.5 million, an increase of approximately $12.8 million, or 730%, from the previous fiscal year,
• Gross Margins averaged 26.2% for the year, and 26.9% for the fourth quarter ended December 31, 2013 resulting from improvement in operational margins from increased sales of the two newer divisions of Power and Safety covering fixed costs,
• Adjusted EBITDAS for fiscal year 2013 was approximately $500,700 and included adjustments for one-time non-recurring expense items, non-cash and non-operational items, (EBITDAS defined as earnings before interest, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items); a non-GAAP measure. (see tables below for a more detailed discussion),
• Net Loss was $.03 per share on a fully diluted basis, excluding the adjusted items listed below.

The Company's full 2013 fiscal year results are set forth in its Annual Report on Form 10-K filed with the SEC on March 31, 2014.
The Company's audited revenues for the year ended December 31, 2013 represented full year fiscal results from the Company's operating subsidiaries (doing business as AES Water Solutions, South Texas Power and AES Safety Solutions) and partial-year results for the Company's AquaTex subsidiary acquired in November 2013. Pro forma 2013 revenues would have been approximately $16.7 million if the Company's acquisition of AquaTex occurred on January 1, 2013.
Each of the Company's Water, Power and Safety divisions experienced operational growth and increased revenues during 2013, as discussed below.
The Company's Water division experienced significant growth in 2013 due to increased customer base, expanded territories of operational activities and additional services offered. The November 2013 AquaTex acquisition also provided new customers and geographic expansion in South Texas' Eagle Ford Shale and the Eaglebine formation in East Texas. Additional service offerings including waste water evaporation services and flow back/well testing services which made a positive impact on the Water division's revenue growth. As previously announced, the strategic alliances with CRS Repossessing and Resource West also contributed to the Water division's 2013 growth. By partnering for these additional products and services for our Water division, the Company avoided most of the costly product development cycles and issues customarily found with new product inventions.
The Company's Safety division continued its growth in 2013 via establishing new safety engineering service sites in Ohio and West Virginia, adding customers in Texas for safety inspection as well as safety classroom training and certification programs offered. AES Safety Services also expanded its service offering to include a rapid spill response program for site clean-up and remediation after environmental occurrences.
During 2013, the Company's Power division, operating as South Texas Power (STP), augmented its fleet of oilfield mobile generator sets, acquired several new oilfield customers and added additional key employees, all of which contributed to its growth and facilitated expansion into other parts of Texas. Recently STP has developed a new operating base in the Permian basin. The Power division anticipates entering the Oklahoma market in fiscal 2014 leveraging its existing customer base and reputation in the Texas market.
Matthew Flemming, CEO of HII Technologies, stated, "While maintaining our focus in the Water, Safety and Power market segments we have expanded our services within these segments which is a business strategy we believe will continue to position us for growth. Currently, the markets we operate in have been very active for energy services and we are pleased with the organic growth that occurred in 2013." Mr. Flemming continued, "The successful integration of the AquaTex acquisition from November 2013 and the Company's continued growth and demonstrated ability to bring new technologies to our customers, is a tribute to the outstanding people who work at our Company. We are thankful for our hard working employees, and we are excited to accelerate our plans in 2014 for our stockholders."
As reported in the Company's 2013 Annual Report on Form 10-K audited results, Current Assets increased by approximately $2.1 million to approximately $5.0 million from the previous quarter ended September 30, 2013. The Company's Stockholder's Equity (Total Assets minus Total Liabilities) increased by approximately $69,000 to approximately $886,000, sequentially from the previous quarter ended September 30, 2013. These increases were directly attributable to the Company's acquisition of AquaTex on November 12, 2013 and our operational performance in the fiscal year 2013.
Fourth Quarter 2013 Income Statement
The table below sets forth the summary Company's Statement of Operations, for the fourth quarter ended December 31, 2013;
Adjusted EBITDAS Reconciliation Table
The following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDAS.
The Company anticipates releasing preliminary first quarter 2014 revenue results in April with further corporate updates and initial 2014 revenue guidance by May 2014.
For more information, managements analysis of its financial information and the Company's risk factors, please read the Company's 2013 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the Water, Power and Safety oilfield segments, the Company is positioned to take advantage of the anticipated, significant growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water supply and flow back services segment has two subsidiaries, AES Water Solutions and AquaTex, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary operates as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com, www.AquaTexUSA.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII Technologies, Inc. ("HII")'s current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
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HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
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. Global investors must adhere to regulations of each country.

Frac Water Stock Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Announces a Licensing Agreement for Frac Water Recycling System

HOUSTON - February 6, 2014 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company focused on total frac water management, portable power and oilfield safety, headquartered in Houston, Texas, announced today that its wholly-owned subsidiary AES Water Solutions (AES), has licensed a high volume frac water recycling system to recycle flow back and produced water at the well sites during the completion process.

Currently, many horizontally drilled oil wells use up to 120,000 barrels (5 million gallon) of water to perform a hydraulic fracture in completing the oil or gas well, a frac operation. Of the water used, 20 to 30 percent is estimated to come back as flow back water within the first thirty days after the fracing operation. Today, in many cases these large quantities of flow back and produced water typically are transported by truck to an off-site facility for disposal. The transportation and disposal of flow back and produced water is a large expense item for exploration and production (E&P) companies and many local communities find the truck traffic unpopular.
AES is introducing its Frac Water Recycling System(TM) to address the need of onsite water reclamation for its E&P clients. This recycling system consists of a mobile unit that cleans up to 20,000 barrels-a-day of frac flow back water to acceptable reuse standards. The technology produces high volumes of polished brine or clear saltwater that is virtually free of total suspended solids (TSS) and is reusable in today's typical fracs in many cases cheaper than the cost to transport and disposal of the flow back water.
"The license granting the right to use this system is from Power Reserve Corp. (PRC), an existing corporate partner," said Mr. Brent Mulliniks, President of AES Water Solutions. "PRC procured the first system and licensed the related intellectual property and know-how required to operate the system, which in turn, has been sublicensed to AES Water Solutions," stated Mr. Mulliniks. He continued, "We expect this arrangement to enhance AES' overall services by offering a high volume recycling system for frac flow back and produced water for its customers. After testing, this water recycling unit is now field-ready and we anticipate entering into commercial agreements this month."
Mr. Mulliniks continued, "We believe this will set us apart from our competitors as we are not aware of another mobile onsite system on the market today that can treat over 20,000 barrels per day of water to these reuse standards which allows us to keep pace with the frac operations on a daily rate basis. Our total frac water management system includes water transfer, flow back services, above ground storage tanks, onsite recycling and wind-down pit evaporation."
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the Water, Power and Safety oilfield segments, the Company is positioned to take advantage of the anticipated, significant growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water supply and flow back services segment has two subsidiaries, AES Water Solutions and AquaTex, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary operates as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com, www.AquaTexUSA.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII Technologies, Inc. ("HII")'s current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Investor Relations, HII Technologies +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
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. Global investors must adhere to regulations of each country.

Trading Alert for Oilfield Services/ Frac Water Stock HII Technologies (HIIT); Company Breaks through 52-Week High on Recent news of Acquisition and Third Quarter Results

New York, NY, Point Roberts, WA - November 22, 2013 (Investorideas.com Newswire) 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). The stock has traded through its 52- week high following recent news of an acquisition in the water sector in addition to reporting Third Quarter financial results stating revenue of $3,931,716, which generated a gross profit of $1,136,887.
On November 13 th the Company announced it acquired Aqua Handling of Texas LLC, an oilfield frac water transfer service company located in the Eagle Ford Shale area of South, Texas that operates under the name "AquaTex". The purchase price was $1.3 million consisting of $300,000 in cash, $500,000 in notes and 1,443,696 shares of the Company's common stock ($500,000 value based on the trailing 30-day average of the Company's common stock prior to closing).
AquaTex is engaged in the business of high volume water transfer services through above-ground mobile piping solutions with environmentally safe, no-leak systems designed to support the millions of gallons typically needed for hydraulic fracturing in hydrocarbon reservoirs. AquaTex's co-founder, Mr. Chris George, entered into a three year employment agreement in connection with the acquisition serving as General Manager and Vice President. Mr. George has extensive experience in the treatment, handling and logistics of frac water management. Previously, Mr. George served as Stallion Oilfield Services' Waterline Operations Manager for their Texas Water Transfer Division.
AquaTex has contracts with nationally recognized exploration & production companies in the Eagle Ford Shale and South Texas areas, which will augment the Company's existing customer base and is expected to result in additional revenues. For the nine months ended September 30, 2013, AquaTex's preliminary unaudited revenues and net income were approximately $1.6 million and $18,000, respectively, which included start-up costs. For the month of September 2013, AquaTex's preliminary unaudited revenues and net income were approximately $238,000 and $80,000, respectively
On November 14th the Company reported Third Quarter results: As stated in the Company's Quarterly Report on Form 10-Q filed on November 14, 2013, third quarter 2013 revenues were $3,931,716, which generated a gross profit of $1,136,887. For the nine months ended September 30, 2013, revenues were $9,767,926 and gross profit was $2,534,307. Increased revenues came from continued growth of AES Water Solutions' frac water transfer business and additional revenue contributions from our South Texas Power and AES Safety Services divisions which were launched in late December 2012 and January 2013, respectively. For comparison, our revenues on a consolidated pro forma basis for the three and nine month periods ended September 30, 2012 (including revenues of the Company's wholly-owned subsidiary AES Water Solutions which was acquired in September 2012) were $438,682 and $1,424,790, respectively. Accordingly, this represents revenue growth of more than 796% for the third quarter 2013, and 585% for the nine months ended September 30, 2013 from the pro forma consolidated comparable periods in 2012.

About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com
and www.Oilfield-Generators.com
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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
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Frac Water Stock Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Announces Third Quarter 2013 Financial Results

HOUSTON - November 14, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the third quarter ended September 30, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on November 14, 2013, third quarter 2013 revenues were $3,931,716, which generated a gross profit of $1,136,887. For the nine months ended September 30, 2013, revenues were $9,767,926 and gross profit was $2,534,307. Increased revenues came from continued growth of AES Water Solutions' frac water transfer business and additional revenue contributions from our South Texas Power and AES Safety Services divisions which were launched in late December 2012 and January 2013, respectively. For comparison, our revenues on a consolidated pro forma basis for the three and nine month periods ended September 30, 2012 (including revenues of the Company's wholly-owned subsidiary AES Water Solutions which was acquired in September 2012) were $438,682 and $1,424,790, respectively. Accordingly, this represents revenue growth of more than 796% for the third quarter 2013, and 585% for the nine months ended September 30, 2013 from the pro forma consolidated comparable periods in 2012.
For the third quarter ended September 30, 2013, the Company had Adjusted EBITDAS of approximately $78,161, (EBITDAS defined as earnings before interest, taxes, depreciation, amortization, non-cash stock option expenses, and one-time or non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDAS is provided below. The Net Loss for the third quarter 2013 was $175,211. The EBITDAS results were driven by increased revenues and improved sequential quarter to quarter gross margins offset by costs associated with new technology development and the expenses associated with organic territory expansion particularly in West Texas and the Permian Basin.
Regarding the Balance Sheet, total Current Assets grew from $1,743,568 at December 31, 2012 to $2,901,681 at September 30, 2013. Net Equipment increased from $537,881 at December 31, 2012 to $674,990 at September 30, 2013. This increase resulted primarily from the sale of our truck fleet and establishment of a national light-duty truck operating lease line program offset by the purchase of new flow back equipment to expand our services offered. Total Assets grew from $4,182,551 at year end 2012 to $5,533,473 at September 30, 2013. Total Liabilities grew from $3,311,580 to $4,716,250 for the same period which included $1,436,273 outstanding on a new $2 million revolving line of credit closed during the second quarter 2013. Prior to establishing our line of credit, most of our growth had been funded from existing cash flow. The line of credit provides additional liquidity to the Company as needed.
"AES continued to grow as a result of the increasing demand and operations for our frac water flow back and water transfer services," stated Brent Mulliniks, President of AES Water Solutions. Mr. Mulliniks continued, "We have expanded our services with new technologies including forming a strategic alliance with CRS Reprocessing, a global fluids reprocessing management company. This technology alliance will broaden and enhance the services provided by AES Water Solutions in the area of its water and fluids remediation business."
Matthew Flemming, CEO of HII Technologies stated, "Strong revenue continues to grow across all three divisions of Water, Safety and Power validating our strategy of focusing on core oilfield market segments where demand is anticipated to remain from horizontal drilling and hydraulic fracturing. Our management team, field people and reliable oilfield equipment should continue to fuel organic growth in our focused areas. While the Company can not give any assurances, we look forward to deploying new technologies for our operating units and additional acquisitions to fuel our future growth."
Third Quarter 2013 Statement of Operations
The table below sets forth the summary of the Company's Statement of Operations for the third quarter ended September 30, 2013 (in thousands):
The full discussion of the Company's financial results are available within the Company's Quarterly Report on Form 10-Q filed November 14, 2013.
Adjusted EBITDAS Reconciliation Table
The following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDAS.
For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's Quarterly Reports on Form 10-Q and its 2012 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com.
About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
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. Global investors must adhere to regulations of each country.

Frac Water Stock Alert: HII Technologies, Inc. (HIIT) Announces Acquisition of Aqua Handling of Texas, LLC

HOUSTON - November 13, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced it has acquired Aqua Handling of Texas LLC, an oilfield frac water transfer service company located in the Eagle Ford Shale area of South, Texas that operates under the name "AquaTex". The purchase price was $1.3 million consisting of $300,000 in cash, $500,000 in notes and 1,443,696 shares of the Company's common stock ($500,000 value based on the trailing 30-day average of the Company's common stock prior to closing).

AquaTex is engaged in the business of high volume water transfer services through above-ground mobile piping solutions with environmentally safe, no-leak systems designed to support the millions of gallons typically needed for hydraulic fracturing in hydrocarbon reservoirs. AquaTex's co-founder, Mr. Chris George, entered into a three year employment agreement in connection with the acquisition serving as General Manager and Vice President. Mr. George has extensive experience in the treatment, handling and logistics of frac water management. Previously, Mr. George served as Stallion Oilfield Services' Waterline Operations Manager for their Texas Water Transfer Division.
AquaTex has contracts with nationally recognized exploration & production companies in the Eagle Ford Shale and South Texas areas, which will augment the Company's existing customer base and is expected to result in additional revenues. For the nine months ended September 30, 2013, AquaTex's preliminary unaudited revenues and net income were approximately $1.6 million and $18,000, respectively, which included start-up costs. For the month of September 2013, AquaTex's preliminary unaudited revenues and net income were approximately $238,000 and $80,000, respectively.
"HII Technologies is pleased to bring on board AquaTex and Chris George's significant management expertise for our water transfer business," said Matt Flemming, HII Technologies' CEO. "We anticipate an increase in South Texas market share from this immediately accretive acquisition and anticipate growth through our customer cross-fertilization program now underway."
Mr. Brent Mulliniks, AES Water Solutions President, added, "AquaTex is an excellent acquisition for our existing water transfer business and will fit nicely with AES expanding our market share in the South Texas area. AquaTex has a good customer base some of which is strategic to our Company."
"AquaTex is excited to join with HII Technologies, and AES Water Solutions to be a part of the water group of the Company and to grow the water transfer and frac water treatment business" stated Chris George, AquaTex General Manager and Vice President. "With the assistance of HII Technologies and AES Water Solutions, we look forward to expanding our water management and treatment services in South Texas and benefiting from any future oilfield technologies the Company may commercialize."
The acquisition requires an audit of AquaTex financial statements for the period January through September 30, 2013 which will be reported in an Amendment to our Current Report on Form 8-K by January 25, 2014. The Company anticipates filing its Quarterly Report on Form 10-Q by November 14, 2013 which will not include results from AquaTex.
About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
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. Global investors must adhere to regulations of each country.

Frac Water Stock Alert: HII Technologies, Inc. (HIIT) Announces Preliminary Third Quarter 2013 Results

HOUSTON - October 21, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia, today announced that its preliminary unaudited results for consolidated revenues from operations for the quarter ended September 30, 2013 were approximately $3.9 million.

On a consolidated basis, the Company's revenues for the quarter ended September 30, 2013 were about $3.9 million, an increase of over 790% compared to the third quarter 2012 consolidated pro forma revenues of approximately $438,000. The pro forma figure is the total revenues for the full third quarter of 2012 given that AES was purchased during that quarter. Further, the Company's preliminary third quarter 2013 revenues represented an increase of approximately 21% from the Company's second quarter 2013 revenues, which were approximately $3.2 million. The revenues on a consolidated basis for the nine months ended September 30, 2013 were approximately $9.7 million.
Mr. Flemming, CEO HII Technologies, stated, "AES Water Solutions continued to perform well during the third quarter 2013 from continued demand for its services. AES' frac water supply activities continued to experience strong growth in Oklahoma and Texas as compared to the year ago period. The Company also expanded into flow back services during the third quarter contributing to the increase in revenue. AES Safety Services grew during the quarter adding new customer sites in Texas and Ohio. The Company anticipates additional organic growth in the Safety Services area. South Texas Power also increased its revenues and has placed an order for approximately $325,000 of new oilfield customized mobile generators based on customer demand."
The Company anticipates filing its Quarterly Report on Form 10-Q for the period ended September 30, 2013 and announcing earnings and related financial results for the period by November 15, 2013.
About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand 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

The future of energy

September 3, 2013 (www.investorideas.com newswire) Ever since the 1973 oil crisis sent shockwaves through industrialised economies across the world, more and more attention has been focused on the energy sources that we use every day in our homes, offices, and vehicles. Now that we have a better understanding of the fragile reserves our economy is based on – not to mention the rigorously studied fields of climate change and global warming – it’s become more important than ever to understand the way we use energy, the places we get it from and how we can most efficiently use it for continued productivity in the years to come.

In the UK, the traditional commodities for producing energy - natural gas and coal - have experienced mixed fortunes since the 1980s. The sharp decline in the use of coal-fired power stations has been mirrored inversely by the rise in the use of natural gas, which saw an astonishing 100% increase from the early 1980s to 2010. It's easy to see why natural gas is so attractive as a fossil fuel in the UK - almost 60% of natural gas consumed in the UK came from the substantial North Sea oil and gas fields just off the coast of England and Scotland. Figures from 2009 show that gas provided nearly half of all electricity supplied in 2008.
Behind gas and coal, statistics suggest that around 14% of energy in the UK is provided by nuclear power plants such as Sizewell B in Suffolk and Torness in Scotland. Nuclear power is, of course, a controversial energy source with its own unique benefits and challenges. Though it offers substantial benefits over fossil fuels in terms of extremely efficient power generation and negligible greenhouse gas emissions, but concerns over the long-term safety of nuclear power generation and the secure storage of nuclear waste remain tricky political issues, made only murkier by the disastrous consequences of the tsunami at the Fukushima nuclear reactor in Japan.
Since even the newest of Britain's nuclear power plants is nearly 20 years old, there are growing concerns about the UK's ability to produce enough energy when the current nuclear plants begin to close. In 2008 the government announced plans to build a new generation of nuclear power stations, but firm arrangements have yet to be announced.
However, the UK can boast a growing percentage of power supplied by renewable resources. Chief among these sources of green power are wind turbines, providing over 8 gigawatts of power to the country. This makes the UK the sixth biggest producer of energy from wind turbines, with production expected to rise to 28 gigawatts in 2020. Another potential source of energy, particularly suited to Britain's rugged coastline, is power generated from waves and tides - an area currently being investigated for future development.
So what will this mean for investors in energy and those looking to make the most of this growing revolution in the way we power our homes, workplaces and cars? It's easier than ever to invest efficiently with optimal information provided by online services such as www.cmcmarkets.co.uk. Websites like these offer a comprehensive array of investment options across the energy sector, from standard forex and stock market trading to potentially lucrative commodities trading, spread betting and CFD trading.
Source Oliver Emms
Contact oliver.emms@gmail.com

Oilfield Services Stock Alert: HII Technologies, Inc. (HIIT) Announces Second Quarter 2013 Results

HOUSTON - August 14, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the second quarter ended June 30, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on August 14, 2013, second quarter 2013 revenues were $3,226,437, which generated a gross profit of $865,128. For the six months ended June 30, 2013, revenues were $5,836,210 and gross profit was $1,397,420. Increased revenues came from continued growth of AES Water Solutions' frac water supply business and rising revenue contributions from the South Texas Power and the AES Safety Services divisions, which were launched in late December 2012 and January 2013, respectively. AES Water Solutions generated revenues of $449,737 for the second quarter 2012 and $986,108 for the six months ended June 30, 2012. Accordingly, this represents revenue growth of more than 600% for the second quarter 2013, and 490% for the six months ended June 30th, from the comparable periods in 2012. This is a pro forma revenue comparison, as the Company purchased AES in September 2012, and its income statement is illustrated separately within the Quarterly Report on Form 10-Q.
For the second quarter ended June 30, 2013, the Company had Adjusted EBITDAS of approximately $394,539, (EBITDAS defined as earnings before interest, taxes, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDAS is provided below. The Net Loss for the second quarter 2013 was $373,527. The EBITDAS results were impacted by increased revenues and improved sequential quarter to quarter gross margins offset by in-field testing for new frac water recycling technologies and the costs associated with organic territory expansion particularly in West Texas and the Permian Basin.
In terms of the Balance Sheet, total Current Assets grew from $1,743,568 at year end 2012 to $2,849,689 at June 30, 2013. Net Equipment totaled $537,881 at year end 2012 and was $372,526 at June 30, 2013, the reduction primarily resulting from the sale of our truck fleet and establishment of national truck lease line program as well as accumulated depreciation. Total Assets also grew from $4,182,551 at year end 2012 to $5,182,945 at June 30, 2013. Total Liabilities grew from $3,311,580 to $4,393,867 for the same period which included $934,200 outstanding on a new $2 million revolving line of credit closed during the second quarter 2013. Previous to this, all growth had been funded from existing cash flow. The line of credit provides additional liquidity to the Company as needed.
Brent Mulliniks, President of AES Water Solutions stated, "We are pleased with AES' continued growth during the quarter. The testing of new onsite produced and frac water flow back recycling technologies was an additional cost during the quarter. These high volume, relatively low operating cost mobile water recycling systems may provide a significant sustained advantage for AES. We are diligently focused on several systems that are being tested in the oilfield today to provide best-in-class solutions as water recycling techniques may vary in different locations. The existing frac water supply business grew in South Texas and maintained a strong position in its North Texas and Oklahoma operations. The expenses associated with new operations in the Permian Basin and the Cline Shale in West Texas as well as the Eagle Ford Shale in South Texas are paying off." Mr. Mulliniks concluded.
Matthew Flemming, CEO of HII Technologies stated, "Strong revenue growth across all three divisions of Water, Safety and Power validated our strategy of focusing on core oilfield market segments where demand is anticipated to remain strong. We have avoided a diluted, unfocused, all-category strategy where equipment and personnel utilization become a challenge. Our management team, people in the field and customized oilfield equipment should continue to fuel organic growth in our focused areas. We continue to review new technologies and potential acquisitions in an effort to further accelerate our growth."
Second Quarter 2013 Statement of Operations
The table below sets forth the summary of the Company's Statement of Operations for the second quarter ended June 30, 2013 (in thousands):
The Company's second quarter 2013 revenues exceeded preliminary estimates. The full discussion of the Company's financial results are available within the Company's Quarterly Report on Form 10-Q filed August 14, 2013.
Adjusted EBITDAS Reconciliation Table
The following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDAS.
For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's Quarterly Reports on Form 10-Q and its 2012 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com.
About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand 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

Oilfield Services Stock Alert; HII Technologies, Inc. (HIIT) Announces Preliminary Second Quarter 2013 Results

HOUSTON - July 17, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced that its preliminary unaudited results for consolidated revenues from operations for the quarter ended June 30, 2013 exceeded $3.1 million.

On a consolidated basis, the Company's revenues for the quarter ended June 30, 2013 exceeded $3.1 million, an increase of over 580% compared to the second quarter 2012 consolidated revenues of approximately $449,700. Further, the Company's preliminary second quarter 2013 revenues represented an increase of approximately 19% from the Company's first quarter 2013 revenues, which were approximately $2.6 million.
Mr. Flemming, CEO HII Technologies, stated "AES Water Solutions performed well during the quarter with additional frac water supply activity expanding in South Texas Eagle Ford Shale market and the Cline Shale area of West Texas while maintaining good activity in its Oklahoma markets. Our Safety Services division acquired an important new customer during the second quarter effectively doubling its current monthly revenues. South Texas Power increased revenues as a result of the addition and deployment of new equipment in its custom rental fleet of mobile oilfield generators."
The Company anticipates filing its Quarterly Report on Form 10-Q for the period ended June 30, 2013 and announcing earnings and related financial results for the period by August 15, 2013.
About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
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Oilfield Services Stock Alert; HII Technologies, Inc. (HIIT) Announces New Equipment for Its South Texas Power Division

HOUSTON - July 11, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas,with operations in Texas, Oklahoma, Ohio and West Virginia today announced that its oilfield portable power division known as South Texas Power, or STP, has expanded its rental fleet of equipment. STP augmented its fleet with fifteen new customized oilfield generator sets valued at approximately $750,000 in the past thirty days under the lease program with an existing strategic relationship previously announced by the Company on November 1, 2012.

Mr. Matthew Flemming, CEO of HII Technologies, the parent company of South Texas Power, stated, "Until there is an electricity grid in remote oilfield areas including the Eagle Ford Shale, portable diesel and natural gas powered generators will continue to be in demand." Mr. Flemming continued, "STP's approach is a customer-oriented, turn-key program, providing superior service for oilfield operators by arranging for the delivery of generators, fuel, service and maintenance to provide full time power in the field for its customers. STP is building what we believe is one of the youngest customized oilfield generator fleets in the business."
The Company anticipates continuing to expand its rental fleet rapidly over the next several quarters.
About HII Technologies, Inc.
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 it offers 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). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand 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