CALGARY, Oct. 1, 2012 /PRNewswire/ – Ridgeline Energy Services Inc.
(“Ridgeline” or the “Company”) (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an
energy services and water treatment technology company, today announced
it has entered into an agreement 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
floatation systems which is unique equipment used for water treatment.

Ridgeline and Dennis M. Danzik have developed a strong business
relationship with PTEC for almost 2 years where PTEC has produced key
pieces of equipment for Ridgeline’s water treatment systems. This
equipment is modified by Ridgeline and integrated into the Ridgeline
system. With over 40 years combined experience in the production and
sales of innovative water treatment systems, Chris Windsor and Bob
Stone, the founders of PTEC, have established PTEC as having a
reputation for producing quality equipment primarily for water
treatment in the food industry. PTEC’s business has grown in sales over
the years with an EBITDA average of over 40%.

In addition to providing Ridgeline a secured supply of part of its core
equipment at cost, PTEC brings to Ridgeline growing annual sales of
nearly $2 million annually. As PTEC’s equipment is mainly deployed in
the food waste water industry it creates an opportunity in an area
where Ridgeline currently has no presence. The acquisition also brings
key engineering expertise that will be vital to Ridgelines ability to
grow its water treatment business. Both Mr. Windsor and Mr. Stone will
become employees of Ridgeline with the responsibility of managing the
manufacturing of tankage and convergence systems in addition to sales
into other industries including the food industry.

Mr. Danzik commented that “Both Mr. Windsor and Mr. Stone will add
another layer of talent to our management and engineering teams that
will be a key part of being able to deliver our products to market plus
develop sales in new markets.”

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 4 months commencing 3 months after the
closing date. An additional 1,500,000 common shares are issuable on an
earn out basis where Ridgeline’s EBITDA and sales grow at a targeted
rate over a three year period.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is an energy services and water treatment
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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SOURCE Ridgeline Energy Services Inc.