NXT Energy Solutions Announces Filing of Q2-2013 Results and the Appointment of
Mr. Glen Nazaruk as Corporate Secretary
CALGARY, ALBERTA -- (Marketwired) -- 08/26/13 -- NXT Energy Solutions
Inc. ("NXT" or the "Company") (TSX VENTURE:SFD)(OTCBB:NSFDF) advises
of the filing of its financial and operating results for the three
and six month periods ended June 30, 2013 ("Q2-13"). All selected and
referenced financial information should be read in conjunction with
the interim consolidated financial statements and management
discussion and analysis ("MD&A") for Q2-13 which will be filed in
Canada on SEDAR at www.sedar.com, in the USA on EDGAR at
www.sec.gov/edgar, and on NXT's website at www.nxtenergy.com.
NXT also announces that Mr. Glen Nazaruk been appointed as NXT's
Corporate Secretary, succeeding Mrs. Suzanne Loov. Mr. Nazaruk is a
senior oil & gas associate with Calgary law firm Burstall Winger LLP,
and has extensive business development experience, most recently with
Conoco Phillips Canada Energy Partnership and BP Canada Energy. He
also has significant international business experience and has been
an active member of various Committees of the Canadian Association of
Petroleum Landmen ("CAPL").
George Liszicasz, President and CEO of NXT, noted "We are pleased to
have Glen join the NXT team, and will be drawing on his experience
and connections in our growing Mexico and Central America markets. We
also wish to thank Suzanne Loov for her many years of service to NXT,
and wish her the best of luck in her new employment."
As part of his appointment, Mr. Nazaruk has been issued a total of
20,000 stock options, with an exercise price of $1.30. These options
have a five year term to August 22, 2018, with entitlement to
exercise the options vesting one third at the end of each year over a
three year period.
NXT is a Calgary based company whose proprietary Stress Field
Detection ("SFD(R)") survey system that utilizes quantum-scale
sensors to detect gravity field perturbations in an airborne survey
method that can be used both onshore and offshore to remotely
identify areas with exploration potential for traps and reservoirs.
The SFD(R) survey system enables our clients to focus their
hydrocarbon exploration decisions concerning land commitments, data
uisition expenditures and prospect prioritization on areas with
the greatest potential. SFD(R) is environmentally friendly and
unaffected by ground security issues or difficult terrain, and is the
registered trademark of NXT Energy Solutions Inc. NXT provides its
clients with an effective and reliable method to reduce time, costs,
and risks related to exploration.
This news release may include forward-looking statements. When used
in this document, words such as "intends", "plans", "anticipates",
"expects" and "scheduled", are forward-looking statements.
Forward-looking statements are subject to a wide range of risks and
uncertainties, and although the Company believes that the
expectations represented by such forward-looking statements are
reasonable, there can be no assurance that such expectations will be
realized. Any number of factors can cause actual results to differ
materially from those in the forward-looking statements. Risk factors
facing NXT are described in its most recent MD&A for the year ended
December 31, 2011 which has been filed electronically by means of the
System for Electronic Document Analysis and Retrieval ("SEDAR")
located at www.sedar.com. Such forward-looking statements are made as
at the date of this news release, and the Company assumes no
obligation to update or revise them, either publicly or otherwise, to
reflect new events, information or circumstances, except as may be
required under applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
nor the OTC Exchange accept responsibility for the adequacy or
accuracy of this release.
kin communications inc.
(604) 684-6730 / 1-866-684-6730
NXT Energy Solutions Inc.
V-P Finance & CFO
NXT Energy Solutions Inc.
President & CEO
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