Lonestar West (TSXV:LSI) Video Presentation from Howard Group's Opportunity Knocks Investment Conference Posted on InvestmentPitch.com
(Thomson Reuters ONE via COMTEX) --
Vancouver, British Columbia, November 7, 2012 - InvestmentPitch.com in co-operation with the Howard Group, a full service investor relations firm, is hosting a selection of video presentations from the recent Opportunity Knocks Investment Conference, sponsored by The Howard Group.
The Howard Group, based in Calgary, Alberta, is one of Canada's original investor relations firms. They provide strategic direction and exposure to targeted investment audiences for a select number of Canadian publicly traded micro and small-cap companies.
The presentation for Lonestar West (TSXV:LSI) is now available for viewing on InvestmentPitch.com. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lonestar" in the search bar. To view other presentations from this conference, enter "Howard Group" in the search bar.
Lonestar West began operations in May of 2000 with just one vacuum truck and has since grown into a multi-service company diversifying to meet industry demand. They now operate a fleet of 36 HVAC and vacuum trucks throughout Western Canada from their base in Sylvan Lake, Alberta, providing services for drilling operations in Alberta, Saskatchewan, Manitoba and British Columbia. They are active in many oil sands projects and provide plant maintenance services for major corporations in several sectors.
At the end of September, the company released their financials for the year ending on June 30, 2012
Highlights for the fiscal year include:
- Revenues increased 67.0% to $18,618,413 from $11,146,314 in the previous fiscal year.
- EBITDAC increased 73.3% to $3,016,609 compared to $1,741,146 in the previous fiscal year.
- EBITDAC per share rose 53.8% to $0.20 from $0.13 in the previous fiscal year.
- Net income of $1,308,708 in comparison to the $514,477 net income in the previous fiscal year.
President and CEO James Horvath commented, "We have had another remarkable year in fiscal 2012 resulting in increases in both revenue and EBITDAC over the prior fiscal year. The utilization rates of our VAC and HVAC fleets have increased substantially during fiscal 2012 which had a direct impact on our profits. During this 2012 fiscal year we placed a strong emphasis on building our earning potential by building our fleet; and I believe the company's year-end performance shows the success of our strategy. As always, Lonestar is committed to customer service, safety and our employees which enable us to continue to grow into a major national HVAC competitor."
For more information on Lonestar other Howard Group clients, contact Dave Burwell (firstname.lastname@example.org) or Jeff Walker (email@example.com) at 403-221-0915 or visit www.howardgroupinc.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing three minute videos based on news releases and research reports.
Barry Morgan, CFO
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Source: InvestmentPitch via Thomson Reuters ONE
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