New Opportunities Drive Lonestar West Expansion Into U.S. Market
SYLVAN LAKE,
AB, Jan. 14, 2013 /CNW/ -
Lonestar West Inc. (TSXV: LSI) today announced its recent expansion
into The United States. The
Company opened an office in late 2012 and now has several Hydrovac
trucks operating in the State of
California.
Management's decision was based on an
opportunity to expand into the California market with the assistance of a
highly experienced individual who had considerable involvement in
managing Hydrovac operations for infrastructure projects. As such,
Lonestar West has been solely
focused on infrastructure projects in the state and is running near
capacity.
"We are extremely pleased with the results of
our California operations to
date," said James Horvath, CEO of
Lonestar. "This expansion fits our long term plan for continued
growth and diversification of our operations while continuing to
grow at a prudent level."
Lonestar expects its fleet to grow to
approximately 50 trucks by early April with the delivery of 8
additional Hydrovac trucks. Current utilization of the fleet
continues to run near full capacity.
Business Description
Based in Sylvan Lake,
Alberta, Lonestar West Inc. (www.lonestarwest.com) operates
a fleet of 42 HVAC and vacuum trucks throughout Western Canada and recently expanded into
California. It is focused on
profitably growing its HVAC services to become a major competitor
in the North American market.
Lonestar's shares trade on the TSX Venture
Exchange under the symbol LSI.
Certain information and statements contained
herein constitute forward-looking information, including the
anticipated costs associated with the purchase of capital
equipment, expectations concerning the nature and timing of growth
within the business operated by Lonestar, expectations respecting
the competitive position of such business, expectations concerning
the financing of future business activities and statements as to
future economic and operating conditions. Readers should
review the cautionary statement respecting forward-looking
information that appears in Lonestar's complete MD&A.
SOURCE Lonestar West Inc.