Ridgeline Announces Santa Fe Springs Acquisition Close

Ridgeline Announces Santa Fe Springs Acquisition Close

PR Newswire

CALGARY, April 8, 2013 /PRNewswire/ – Ridgeline Energy Services Inc. (TSX-V:
RLE; OTCQX: RGDEF; FSE: RL7) (“Ridgeline” or the “Company”), a
technology driven company operating in the waste water industry has
closed the Santa Fe Springs (SFS) facility acquisition.

The agreement to purchase the Santa Fe Springs facility was initially
signed in April 2012. Since then Ridgeline has been operating under a
Management Agreement with the Vendor until all the terms and conditions
of the agreement could be completed. Ridgeline is pleased to announce
that the transaction has been closed and the Company now has legal
title to the 18 acres of real estate, and the onsite assets, as well as
the water treatment and discharge business.

The transaction also includes an additional $5 million dollar
environmental remediation contract set to start sometime this year. The
contract will be managed by the Company’s Environmental Division, which
denotes additional growth opportunities in the U.S.

Tony Ker Executive Chairman stated “We are very pleased to have this
acquisition closed. This purchase represents over eighteen months of
hard work on the part of many of our officers and managers. Santa Fe
Springs
is a key part of the Company’s business model which is to mine
valuable materials from nearly any waste water stream during the
efficient treatment of that water.”

Dennis M. Danzik CEO stated “The Company now owns its first substantial
real estate asset, on prime real-estate in the heart of Los Angeles
market. The Company can now accelerate the business ramp up. We are
also excited to show how the real estate portion of our business will
add financial value to the company. The property, operational and
esthetic improvements our Company plans to make will also benefit the
City of Santa Fe Springs, local industry and residents. Developing
stranded real estate assets like our Santa Fe Springs, and Carthage
Missouri
facilities with our disruptive technology is a key focus in
the years to come. Our strategy is all about water, and the tremendous
value that it brings.”

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is a technology driven company operating
in the waste water industry. 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 M Danzik”

Dennis M Danzik
Director and
Chief Executive Officer

“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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