Frontier Oilfield Services, Inc. Announces the Addition of New CFO
(firmenpresse) - DALLAS, TX -- (Marketwire) -- 03/01/12 -- Frontier Oilfield Services, Inc. (OTCQB: FOSI) (PINKSHEETS: FOSI), an oilfield services company with operations focused primarily in the Haynesville Shale area of East Texas, is pleased to announce the addition of Kenneth K. Conte, age 53, as Vice President and Chief Financial Officer of Frontier. Mr. Conte will be located at Frontier's headquarters in Dallas, Texas.
"We are proud to have Kenneth join our management team, as our plans for growth require us to have an experienced financial professional on our staff," stated Frontier CEO Tim Burroughs. "We believe that he will be instrumental in our plan to aggressively complete acquisitions in the saltwater disposal business and related oilfield services."
Prior to joining Frontier, Mr. Conte served as Executive Vice President and CFO of NYTEX Energy Holdings, Inc. Dallas, TX, and previously as Managing Director and Head of Mergers & Acquisitions for National Securities Corporation, formerly vFinance Investments, Inc., New York, NY.
Mr. Conte has also served as CEO and CFO of Windsor Technology, LLC, Rochester, NY and as Managing Partner of Argilus Investment Banking, Rochester, NY. He has held management positions with McDonald Investments, Inc., in Cleveland, Ohio, the Corporate Banking and Finance Group for Key Bank in Rochester, NY, Shawmut's LBO fund, and at Chase Manhattan Bank.
Mr. Conte obtained his MBA in Finance at the William E. Simon Graduate School of Business Administration at the University of Rochester; and a BBA in Accounting from Niagara University.
Frontier Oilfield Services, Inc. (OTCQB: FOSI) (PINKSHEETS: FOSI) is a Dallas-based oilfield service company engaged primarily in saltwater recovery and disposal and the associated infrastructure. Through an aggressive acquisition strategy, management intends to acquire additional compatible oilfield service enterprises while increasing capacity and improving logistics to meet the increasing demands of major oil companies in their service area.
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the Company's Forms 10-K, Forms 10-Q, and other filings with the Securities and Exchange Commission. Such risk factors include, but are not limited to, a limited operating history with no earnings; reliance on the Company's management team; the ability to successfully implement the Company's business plan; the ability to continue as a going concern; the ability to fund the Company's business and acquisition strategy; the growth of the oilfield services and salt water disposal business; difficulty in managing operations of acquired businesses; uncertainty in government regulation of the oil and gas industry especially as it relates to disposal of salt water; and limited trading in the public market for the Company's common stock. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Contact
IR Contact
Dick O'Donnell
EVP
972-243-2610
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Datum: 01.03.2012 - 08:00 Uhr
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News-ID 1088791
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