ENSERVCO Comments on Form S-3 Filing
April 17 2014 - 3:14PM
Marketwired
ENSERVCO Comments on Form S-3 Filing
DENVER, CO--(Marketwired - Apr 17, 2014) - ENSERVCO Corporation
(NYSEMKT: ENSV), a provider of well-site services to the domestic
onshore conventional and unconventional oil and gas industries,
today said the purpose of the Form S-3 registration statement filed
yesterday with the Securities and Exchange Commission (SEC) is in
part to maintain the registration of shares that were previously
registered under a Form S-1 filed in April 2013 that was scheduled
to expire later this month.
In addition, the Form S-3 constitutes a shelf registration
statement that, once declared effective by the SEC, would give
ENSERVCO the flexibility to offer and sell from time to time, up to
$50 million of the Company's common stock. The Company has no
immediate plans to sell securities under the shelf registration
statement, and at this time, there is no intention to issue any
prospectus supplements or offer the Shelf Shares. Moreover,
the total amount ENSERVCO may sell within any 12-month period
cannot exceed one-third of the aggregate market value of the common
equity owned by ENSERVCO's non-affiliated stockholders.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective.
A copy of the registration statement can be obtained by
contacting ENSERVCO Corporation, 501 S. Cherry Street, Suite 320,
Denver, CO 80246, (303)
333-3678. An electronic version of the registration
statement is available at the following link:
http://irdirect.net/filings/viewer/index/319458/000100009614000039/
About ENSERVCO Through its various operating subsidiaries,
ENSERVCO has emerged as one of the energy service industry's
leading providers of hot oiling, acidizing, frac-water heating and
fluid management services. The Company owns and operates a
fleet of more than 230 specialized trucks, trailers, frac tanks and
related well-site equipment. ENSERVCO serves customers in seven
major domestic oil and gas fields, and operates in Colorado,
Kansas, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania,
Ohio, Texas, Wyoming and West Virginia. Additional information
is available at www.enservco.com.
Cautionary Note Regarding Forward-Looking Statements This news
release contains information that is "forward-looking" in that it
describes events and conditions ENSERVCO reasonably expects to
occur in the future. Expectations for the future performance of
ENSERVCO are dependent upon a number of factors, and there can be
no assurance that ENSERVCO will achieve the results as contemplated
herein. Certain statements contained in this release using the
terms "may," "expects to," and other terms denoting future
possibilities, are forward-looking statements. The accuracy of
these statements cannot be guaranteed as they are subject to a
variety of risks, which are beyond ENSERVCO's ability to predict,
or control and which may cause actual results to differ materially
from the projections or estimates contained herein. Among these
risks are those set forth in a Form 10-K filed on March 20,
2014. It is important that each person reviewing this release
understand the significant risks attendant to the operations of
ENSERVCO. ENSERVCO disclaims any obligation to update any
forward-looking statement made herein.
Contact: Pfeiffer High Investor Relations, Inc. Geoff High Phone
303-393-7044 Email:
Email Contact Web: www.pfeifferhigh.com
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