SCOTTSDALE, Ariz., April 28, 2014 (GLOBE NEWSWIRE) -- ECM Energy Services, Inc. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The common stock is expected to be listed on the NYSE MKT under the symbol "ECME." The company expects to offer 2,500,000 shares of common stock at a price range of between $7.00 to $9.00.
Maxim Group LLC will act as the sole book-running manager for the proposed offering. Chardan Capital Markets, LLC and Euro Pacific Capital Inc. will act as co-managers for the proposed offering. The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities may be obtained when available from Maxim Group LLC at: 405 Lexington Avenue, New York, NY 10174, 212.895.3745, or firstname.lastname@example.org.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission 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. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ECM Energy Services, Inc. is an energy services company focused on natural gas and oil field equipment rentals, water logistics and pilot car services within the United States. ECM targets underserved markets across the country and delivers 24/7 customer service via its seven facilities located in some of the most prolific oil and natural gas shale areas in the United States, including the Utica shale and Marcellus shale, in Ohio, Pennsylvania, and West Virginia; the Mississippian Lime formation in northern Oklahoma and southern Kansas; the Eagle Ford shale in south Texas, and the Permian shale basin in New Mexico and North West Texas. The company specializes in the deployment of above the hole rental equipment used by natural gas and oil drilling operations. Its water hauling logistics services primarily consists of transporting fresh, treated, produced/flowback and disposal water for the onshore oil and gas fracturing shale energy markets in Ohio, West Virginia and Pennsylvania. The company provides pilot car services for heavy haul operators and traffic control services throughout Pennsylvania, Ohio and West Virginia.
Source:ECM Energy Services, Inc