Aveda Transportation and Energy Services Announces Opening of Oklahoma Branch and Closing of Increase to Senior Lending

Aveda Transportation and Energy Services Announces Opening of Oklahoma Branch 
and Closing of Increase to Senior Lending Facility 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Aveda Transportation and Energy Services 
TSX VENTURE SYMBOL: AVE 
JUNE 25, 2014 
Aveda Transportation and Energy Services Announces Opening of Oklahoma Branch
and Closing of Increase to Senior Lending Facility 
CALGARY, AB --(Marketwired - June 25, 2014) -  Aveda Transportation and Energy
Services Inc. ("Aveda" or the "Company") (TSX VENTURE:
AVE), a leading provider of oilfield hauling services and equipment rentals to
the energy industry, today announces that, it has closed the increase to its
asset based lending facility at $125.0 million (as previously announced on June
12, 2014). The Company also plans to expand its operational footprint by
opening a new branch in Oklahoma. 
The Company also announces that it has reached an agreement with a new customer
operating in the Mississippian Basin in Oklahoma and Kansas to provide a
minimum threshold of monthly rig moves for a one year period in the region. The
minimum rig moving thresholds in this region will give Aveda a solid starting
position from which to grow. Accordingly, Aveda is planning on opening a new
branch in Oklahoma in the third quarter of 2014. A portion of the assets to be
acquired pursuant to the acquisition of Precision Drilling Corporation's
US rig moving assets (as previously announced on June 16, 2014) are expected to
be allocated to this new location. The Company estimates there are
approximately 260 drilling rigs operating in the planned Oklahoma branch's
service region which will include Northern Texas, Oklahoma and Kansas. This
branch is anticipated to generate between $12.0 and $18.0 million in revenue in
2015. 
"This is another customer led opportunity for Aveda to expand its
operational footprint," said Kevin Roycraft, President and CEO of Aveda.
"Our growth in Texas was directly as a result of customers demanding us to
expand into new markets. The opening of our Oklahoma branch demonstrates the
continued faith our customers have in our ability to deliver operational
excellence and perform high quality rig moves." 
About Aveda Transportation and Energy Services 
Aveda provides specialized transportation services and equipment required for
the exploration, development and production of petroleum resources in the
Western Canadian Sedimentary Basin and in the United States of America
principally in and around the states of Texas, Pennsylvania and North Dakota.
Transportation services include both the equipment necessary to move the load
as well as a trained, professional driver capable of securing, moving and
manipulating the load at its origin and destination. Aveda's rental
operations include the rental of tanks, mats, pickers, light towers and other
equipment necessary for oilfield operations. 
Aveda was incorporated in 1994 as a private company to serve the oil and gas
industry. In the spring of 2006 the Company went public on the TSX Venture
Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Leduc, AB,
Sylvan Lake, AB, Edson, AB, Mineral Wells, TX, Pleasanton, TX, Midland, TX,
Williamsport, PA, Williston, ND, and Buckhannon, WV. Aveda is publicly traded
on the TSX Venture Exchange under the symbol AVE. For more information on Aveda
please visit www.avedaenergy.com. 
This News Release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as
"forward-looking statements") within the meaning of applicable
Canadian securities laws. All statements other than statements of present or
historical fact are forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as
"anticipate", "achieve", "could",
"believe", "plan", "intend",
"objective", "continuous", "ongoing",
"estimate", "outlook", "expect", "may",
"will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. In particular, this
News Release contains forward-looking statements relating to: demand for the
Company's services and general industry activity level; the Company's
growth opportunities; and expectation to maintain revenue and equipment
utilization. Aveda believes the expectations reflected in such forward-looking
statements are reasonable as of the date hereof but no assurance can be given
that these expectations will prove to be correct and such forward-looking
statements should not be unduly relied upon.  
Various material factors and assumptions are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking
statements. Those material factors and assumptions are based on information
currently available to Aveda, including information obtained from third party
industry analysts and other third party sources. In some instances, material
assumptions and material factors are presented elsewhere in this News Release
in connection with the forward-looking statements. Readers are cautioned that
the following list of material factors and assumptions is not exhaustive.
Specific material factors and assumptions include, but are not limited to: 
/T/ 
--  the completion of the acquisition of Precision Drilling Corporation's US 
rig moving assets announced on June 16, 2014 (the "Acquisition");
--  the performance of Aveda's businesses, including the Acquisition assets, 
current business and economic trends;
--  oil and natural gas commodity prices and production levels;
--  capital expenditure programs and other expenditures by Aveda and its 
customers;
--  the ability of Aveda to retain and hire qualified personnel;
--  the ability of Aveda to obtain parts, consumables, equipment, 
technology, and supplies in a timely manner to carry out its activities;
--  the ability of Aveda to maintain good working relationships with key 
suppliers;
--  the ability of Aveda to market its services successfully to existing and 
new customers;
--  the ability of Aveda to obtain timely financing on acceptable terms;
--  currency exchange and interest rates;
--  risks associated with foreign operations;
--  changes under governmental regulatory regimes and tax, environmental and 
other laws in Canada and the United States; and
--  a stable competitive environment. 
/T/ 
Forward-looking statements are not a guarantee of future performance and
involve a number of risks and uncertainties, some of which are described
herein. Such forward-looking statements necessarily involve known and unknown
risks and uncertainties, which may cause Aveda's actual performance and
financial results in future periods to differ materially from any projections
of future performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not limited to, the
risks identified in Aveda's annual information form and management
discussion and analysis for the year ended December 31, 2013 (the
"MD&A"). Any forward-looking statements are made as of the date
hereof and, except as required by law, Aveda assumes no obligation to publicly
update or revise such statements to reflect new information, subsequent or
otherwise.  
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 release. 
-30-
FOR FURTHER INFORMATION PLEASE CONTACT: 
For more information, please contact: 
Bharat Mahajan, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com 
INDUSTRY:  Transportation and Logistics - Trucking, Energy and Utilities - Oil
and Gas 
SUBJECT:  STK 
-0-
-0- Jun/25/2014 10:15 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.