Profire Energy, Inc. Completes Lindon Office Build-Out and Offers General Corporate Update
LINDON, UT and EDMONTON, AB -- (Marketwire) -- 03/27/12 -- Profire Energy, Inc. (OTCBB: PFIE) announces the completion of the build-out of its expanded Lindon office. The expansion will accommodate anticipated growth in the U.S. market, provides greater inventory and assembly capabilities and expanded corporate office space. Justin Hatch, who oversaw the build-out, stated, "The completion of our Lindon build-out is an exciting milestone for the Company. We believe this facility will serve as a launch pad for U.S. distribution of our products and provide a platform for service and technical support in the U.S. for current and future clients. The expanded Lindon facility has also been equipped with the tools and resources necessary to make it a hub for new product development."
Profire Energy's board of directors recently issued a mandate to continue to expand the talent and breadth of its employee-base for growth and strategic purposes. Through new hires, the Company will focus on the following areas for development:
- International Sales
- Technical Service
- Information Systems Technology
- Business Analytics
- Intellectual Property Development
Andrew Limpert, Profire Energy CFO noted, "We will seek to add skilled personnel in these areas as we continue to implement our long-term strategic plans. Profire Energy is committed to developing stakeholder value and will continue to do so through dedication to service, innovation in product development and the implementation of the best business practices relative to our industry. This approach will allow Profire to continue to gauge the pulse of the energy technology sector and help us to address opportunities for growth as we discover them."
About Profire Energy, Inc.
Profire Energy, Inc. is a leading manufacturer and installer of oilfield combustion management systems and related burner products. Our products and services assist energy production companies in the safe and efficient transportation, refinement and production of oil and natural gas. The Company's lead products are the Profire 2100 and the Profire 1100, which are burner management systems that oil and gas producers rely on to provide reliable combustion management and ignition of burners and associated vessels such as separators, dehydrators, line heaters, incinerators, etc.
To learn more about Profire Energy's products and services, please visit www.profireenergy.com. Profire has offices in Lindon, Utah, U.S.A. and Edmonton, Alberta, Canada.
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking" statements regarding our expectations for: our expanded facility in Lindon, Utah; our growth in the U.S. market; our ability to identify and develop new products, expand our employee-base and our ability, and need, to hire individuals with expertise in a number of areas; and our ability to implement our strategic plans. All such forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, financial and competitive risks and factors identified in the Company's periodic reports filed with the Securities Exchange Commission. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
Contact: For inquiries please contact Andrew Limpert (801) 796-5127 E-mail: Email Contact
Source: Profire Energy, Inc.
Released March 27, 2012