VANCOUVER, Oct. 5, 2012 /PRNewswire/ – Ridgeline Energy Services Inc.
(“Ridgeline” or the “Company”) (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an
energy services and water treatment company, today announced that
effective October 3, 2012 it has closed the previously announced
(October 1, 2012) transaction to acquire the assets of Piedmont
Technical Services, Inc. (“PTEC”). PTEC is a private equipment
manufacturing company based in Charlotte, North Carolina that
specializes in the production, sale and leasing of dissolved air
systems, which assist in the treatment of wastewater by removing
suspended matter, including oils and solids.

Tony Ker, CEO of Ridgeline, stated, “We are excited to welcome the PTEC
team to Ridgeline. Continuing to bring manufacturing and engineering
expertise inside Ridgeline is key to meeting our growth objectives.
PTEC adds managerial depth, an established customer base, and growing
revenues. The acquisition will accelerate our manufacturing process as
we ramp up to meet the increasing demand for our treatment systems.
PTEC’s equipment has historically been centered on water treatment in
the food processing industry, a new profit center for Ridgeline. We
expect the combination of Ridgeline and PTEC will help accelerate the
rate of growth in Ridgeline’s current markets which will now include
the food processing industry.”

Dennis M. Danzik commented “PTEC has supplied several base components
for our waste water systems for over two years. In the environments
which we operate robust design and quality of the manufactured product
can be no less than superior. Chris Windsor and Bob Stone have
delivered product exceeding our design criteria from day one. The PTEC
team have been great manufacturing partners and will now add
substantial depth to our engineering and management team”.

The consideration to be paid to PTEC for the assets will be US$1,600,000
in cash and 1,500,000 common shares, of which, 300,000 common shares
will be released to PTEC every four months commencing three months
after the closing date. An additional 1,500,000 common shares are
issuable on an earn-out basis if Ridgeline’s EBITDA and sales exceed
certain targets over a three year period.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is an energy services and water treatment
technology company. The Company is applying proprietary technology to
treat water generated from industrial and commercial waste water
markets. These markets include a wide variety of clients across a broad
spectrum of industries including oil and gas. Through its environmental
consulting and remediation divisions, Ridgeline Environment has built a
reputation as an established provider of environmental services to the
Western Canadian oil and gas industry. Ridgeline GreenFill provides
soil remediation and wet waste disposal services to the oil and gas
industry. The Company trades on the TSX Venture Exchange under the
symbol “RLE”, the OTCQX as “RGDEF” and the Frankfurt Stock Exchange as
“RL7”.

Additional information is available on the Company’s website at: www.ridgelinecanada.com.

ON BEHALF OF THE BOARD OF DIRECTORS
“Tony Ker”
Tony Ker, CEO

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or achievements.”

SOURCE Ridgeline Energy Services Inc.