CALGARY, April 8, 2013 /CNW/ - Winalta
Inc. ("Winalta" or the "Company") a leader in Wellsite rental
equipment, today, announces changes to its executive management
team:
- Austin Fraser has been promoted
to President of Winalta. Mr. Fraser previously served as Senior
Vice President of the Company
- Artie Kos, previously Winalta's
President and Chief Executive Officer and Chairman of the Board of
Directors, has taken on the role of Executive Chairman of the Board
of Directors
Mr. Fraser, who holds Master Degree in Business Administration
from Dalhousie University, joined
Winalta in 2008, as Vice-President of Corporate Development and
during restructuring efforts in 2009 was promoted to Vice
President, responsible for overseeing operations, manufacturing and
corporate restructuring. In September of 2010, with the successful
restructuring of Winalta, Mr. Fraser was promoted to Senior Vice
President.
"Austin played a significant role in Winalta's restructuring in
2009 and its subsequent growth as an oilfield rentals Company in
following years. Focusing on growth, specifically in contract work
for SAGD and multilateral pad drilling, Mr. Fraser with his keen
understanding of the operations, marketing and finance of the
Company, is ideally suited in his new role as President" comments
Artie Kos, Executive Chairman.
Winalta Oilfield Rentals, specializes in innovative and
high-quality modular buildings for the Western Canadian Oil and Gas
Industry. Winalta's rental fleet is comprised of single-unit
Wellsites, Integrated Wellsite Systems (IWS), Dedicated Geo Labs,
and Drill Camps. The Company also provides complementary services
which include installation, dismantling, and repair and maintenance
of the modular structures in its fleet.
Neither the 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.
Forward-looking information
Certain information set
forth in this press release, may constitute forward-looking
statements. By their nature, forward-looking statements involve
material assumptions and are subject to numerous risks and
uncertainties, including with respect to market and economic
conditions and their impact on the Company's business, some of
which, are beyond the Company's control. Readers are cautioned not
to place undue reliance on the forward-looking statements as the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and actual results, performance or outcomes could
materially differ from those expressed or implied in such
forward-looking statements and accordingly, no assurance can be
given that any of the events anticipated by forward looking
statements will transpire or occur, or if any of them do so, what
benefit Winalta will derive therefrom. The Company does not assume
the obligation to revise or update this forward-looking information
after the date of this release or to revise such information to
reflect the occurrence of future unanticipated events, except as
may be required under applicable securities laws.
SOURCE Winalta Inc.