HII Technologies, Inc. Announces Strategic Hire for its South Texas Power
HOUSTON, Jan. 8, 2013
HOUSTON, Jan. 8, 2013 /PRNewswire/ -- HII Technologies, Inc. (the "Company"),
symbol OTCBB: HIIT, an oilfield services company located in Houston, Texas,
with operations in Texas and Oklahoma, today announced the hiring of Mr. Jason
Cuevas as Vice President and General Manager of South Texas Power (STP), the
Company's recently established mobile oilfield power division.
Mr. Cuevas brings significant experience to STP from his work history at Holt
Caterpillar, Stewart and Stevenson, Cummins, Nabors Well Service and more
recently National Oilwell Varco's portable power division in south Texas where
he was responsible for the rental of generators, light towers and related
equipment to oil and gas customers.
Mr. Cuevas stated, "I am excited to join the STP team because I believe in
the Company's culture and that my skills and customer relationships can be
utilized to help STP build a best of breed rental fleet of equipment for
mobile power oilfield applications. Going the extra mile for our customers is
a STP founding principal and I believe our service will set us apart from
Mr. Flemming, CEO of STP's parent company, HII Technologies, stated "Hiring
Jason was a significant milestone for STP. He has cultivated outstanding
relationships in the Eagle Ford Shale area and has built a well-deserved
reputation in the oilfield services industry. We were very impressed with his
track record in the Eagle Ford Shale market. We believe Jason's leadership
qualities in training and recruiting service and sales personnel will be a
great value-add to STP."
STP is focused on providing onsite portable power to exploration and
production (E&P) companies in the field where power grid connectivity is
lacking. STP rents and services a fleet of mobile diesel and natural gas
powered generators and related equipment to its customers. STP's
customer-oriented strategy emphasizes strong service support for our
As previously announced, STP has executed an agreement with Power Reserve
Corp, a privately held corporation, under which Power Reserve Corp agreed to
provide funding, on a non-dilutive basis, for the purchase of up to $3 million
of equipment for STP's rental inventory. The current equipment fleet and new
equipment orders now total more than $1.5 million.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company
with operations in Texas and Oklahoma which is focused on commercializing
technologies in power and water management used by exploration and production
companies in the United States. The Company's total water management services
subsidiary does business as AES Water Solutions and its mobile oilfield power
subsidiary does business as South Texas Power (STP). More information is
available at the Company's web site www.HIITinc.com.
This document contains discussion of items that may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Although the Company believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it can give no
assurances that its expectations will be achieved. Factors that could cause
actual results to differ from expectations include, but are not limited to,
development stage company risks, difficulties in obtaining capital,
difficulties in identifying products or services that will meet customers'
needs, difficulties in identifying operating companies to acquire, limited
personnel, volatility of the energy business and its effects on the Company's
business, difficulties in new technology acceptance within the energy
industry, political and economic global supply chain risk, general economic
conditions in markets in which we do business, extensive environmental and
workplace regulation by federal and state agencies, and other general risks
related to its common stock, and other uncertainties and business issues that
are detailed in its filings with the Securities and Exchange Commission. All
information provided in this release and in the attachments is as of January
08, 2013 and the Company undertakes no duty to update this information.
SOURCE HII Technologies, Inc.
Contact: Matt Flemming, HII Technologies, Inc., +1-713-821-3157
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