Ridgeline offers guidance for 4th qtr 2013

Ridgeline offers guidance for 4th qtr 2013

PR Newswire

PROJECTS $11-$11.5 MILLION REVENUE, A 17 TO 25%+ INCREASE OVER 3RD QTR.

CALGARY, March 12, 2013 /PRNewswire/ – Ridgeline Energy Services Inc.
(“Ridgeline” or the “Company”) (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a
water treatment and energy technology company, today announced
projected revenue and gross margin numbers for the 4th Quarter 2013.

Mr. Danzik (CEO) of Ridgeline indicated that revenues in the 4th Qtr. should increase from the $9.4 million in the 3rd Qtr. to between $11.5 million and $11.75 million. Gross Margin should
increase from $2.9 million to between $3.5 million and $4.0 million

In addition, Mr. Danzik provided additional details on the terms of the
recently announced Missouri acquisition. He stated “All of the
acquisition is paid for either with stock from the company or by a
debenture. The debenture is a good deal for Ridgeline as it is a 60
month term with 6% interest for 30 months and 8% for next 30 months. No
principal is payable for the first 9 months with the principle being
amortized over the remaining 51 months. The debenture is secured
against only the asset we are buying. Based on current market rates
available these are attractive. The Warrants at $1/share are a good
indication that the Vendors believe the asset will be put to good use”

The Company would like to correct a miss-print in the March 8th news release regarding the size of the Private Placement. The March 8th release indicated gross proceeds of $3,480,000. The correct amount
should be gross proceeds of $ 2,820,000.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is a water treatment and energy
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”.

ON BEHALF OF THE BOARD OF DIRECTORS
“Dennis Danzik”
Dennis M. Danzik, CEO

“Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.
Such information is subject to known and unknown risks, uncertainties
and other factors that could influence actual results or events and
cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. Readers are
cautioned not to place undue reliance on forward-looking information,
as no assurances can be given as to future results, levels of activity
or achievements.”

SOURCE Ridgeline Energy Services Inc.

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