DENVER, CO--(Marketwired - May 16, 2013) - ENSERVCO Corporation (OTCQB: ENSV) corrected a statement made in a news release issued earlier today regarding the Company's 2013 capex budget. It was noted that management had not sold shares subsequent to a November 2012 private placement. However, it was subsequently recalled that in February 2013, Chairman and CEO Mike Herman sold a small percentage of his holdings to another major ENSERVCO stockholder in a private transaction. The sale, which was addressed in a Form 4 filed with the Securities and Exchange Commission on February 13, reduced Mr. Herman's ownership in the Company from 57% to 54%. The Company regrets the error.
About ENSERVCOThrough its various operating subsidiaries, ENSERVCO has emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac 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 six 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 StatementsThis 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 28, 2013. 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.