CALGARY, July 25, 2018 /CNW/ - MATRRIX Energy Technologies
Inc. ("MATRRIX" or the "Corporation") (TSXV: MXX) is pleased to
announce that Randy Hawkings has
agreed to accept a Management Consulting contract with the
Corporation's US division. Mr. Hawkings is a seasoned
corporate executive with considerable experience as CEO/President.
Most recently, he was consulting for Trinidad Drilling Ltd.
("Trinidad") in the USA, and prior
thereto he held the position of Executive Vice President, US
Operations for Trinidad. Before the acquisition of CanElson
Drilling Inc. ("CanElson") by Trinidad in 2015, Mr. Hawkings was a founder,
President and CEO of CanElson. Before CanElson, Mr. Hawkings
was Vice President and Chief Operating Officer of Western Lakota
Energy Services Inc. ("Western Lakota"), prior to the sale of
Western Lakota to Savanna Energy Services Corp.
Mr. Whitmarsh, Chief Executive Officer & President of
MATRRIX, said: "We are very pleased that Mr. Hawkings will be
advising the Corporation regarding existing operations and growth
strategies. Randy's expertise will be an invaluable asset to
MATRRIX as we continue to evaluate opportunities not only in
Canada, but in the USA and internationally. Subject to
success in his consulting role, the long-term plan is to have Mr.
Hawkings join the senior management team of MATRRIX, presuming
shareholder returns support expansion into the USA."
About MATRRIX
MATRRIX is a public company engaged in the provision of
horizontal and directional drilling technologies and land based
contract drilling rig business for the oil and natural gas industry
focused in the Western Canadian Sedimentary Basin. The
Corporation's common shares are listed for trading on the TSX
Venture Exchange under the symbol "MXX".
Certain statements contained in this press release constitute
forward-looking information. This information relates to future
events or the Corporation's future performance. All information
other than statements of historical fact is forward-looking
information. The use of any of the words "anticipate", "plan",
"contemplate", "continue", "estimate", "expect", "intend",
"propose", "might", "may", "will", "could", "believe", "predict"
and "forecast" are intended to identify forward-looking
information. In particular, this press release contains
forward-looking information pertaining to the Corporation's
long-term plan to have Mr. Hawkings join the senior management
team. This forward-looking information involves material
assumptions and known and unknown risks and uncertainties, certain
of which are beyond the Corporation's control. Actual results,
performance or achievements could differ materially from those
expressed in, or implied by, this forward-looking information and,
accordingly, no assurance can be given that any of the events
anticipated by the forward-looking information will transpire or
occur, or if any of them do so, what benefits the Corporation will
derive therefrom. The forward-looking information contained herein
is provided as at the date hereof and the Corporation does not
undertake any obligation to update publicly or to revise any of the
included forward-looking information, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities laws.
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.
SOURCE MATRRIX Energy Technologies Inc.