LINDON, Utah, Sept. 15, 2014 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (Nasdaq:PFIE), a technology company that creates, installs, and services burner management systems and other combustion technologies for the oil and gas industry, announced today that they have reached a non-exclusive distribution agreement with Unlimited Petroleum Consulting, Inc. (UPC Global), a worldwide supplier of oil and gas products and services.
"Our partnership with UPC Global is consistent with our growth strategy of using quality distributors to bring our products to international markets," said Brenton Hatch, Chief Executive Officer of Profire Energy. "While we continue to primarily focus on the North America oil and gas market, we are enthusiastic about working with a growing network of distributors, such as UPC Global and their international market client base. We look forward to working with them to bring Profire's innovative products to customers throughout the world."
Henry Cumare, President of UPC Global, spoke to the industry appeal of Profire's products:
"The partnership between Profire Energy and UPC Global draws upon years of production-and safety-experience in oil and gas production," said Cumare. "Profire Energy's burner management products will help our customers improve their efficiency and compliance with regulatory bodies. More importantly, Profire's products will enhance the safety for our customers' employees in the workplace."
To learn more about Profire Energy, please visit www.ProfireEnergy.com.
About Unlimited Petroleum Consulting, Inc.
Unlimited Petroleum Consulting, Inc. is a leading artificial lift technologies firm based in Houston, Texas. The company specializes in providing turnkey solutions for oil field production. For over 15 years the company has assisted over 150 different clients, including Baker Hughes, Shell and BP, spanning across 43 different countries. With over 11,000 subscribers, the company's market share is in excess of $125 million.
About Profire Energy, Inc.
Profire Energy assists energy production companies in the safe and efficient production and transportation of oil and natural gas. As energy companies seek greater safety for their employees, compliance with more stringent regulatory standards, and enhanced margins with their energy production processes, Profire Energy's burner management systems are increasingly becoming part of their solution. Profire Energy has offices in Lindon, Utah; Houston, Texas; Victoria, Texas; Oklahoma City, Oklahoma; Tioga, Pennsylvania; and Edmonton, Alberta, Canada.
Cautionary Note Regarding Forward-Looking Statements. Statements made in this release that are not historical are forward-looking statements. This release contains forward-looking statements, including, but not limited to statements regarding the volume of distribution of Profire Energy's burner management products by Unlimited Petroleum Consulting, Inc.; the extensiveness of UPC Global's network, or the agreement's facilitation of enhanced safety for oil and gas producers, increased compliance with regulatory bodies or improved efficiency for UPC Global's network, or; the industry appeal of Profire Energy's products. 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, public market and regulatory 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, except as required by law. Readers should not place undue reliance on these forward-looking statements.
CONTACT: Profire Energy, Inc. Andrew Limpert, CFO (801) 796-5127 Profire Energy, Inc. Nathan McBride, VP Strategy & Finance (801) 796-5127 Liolios Group, Inc. Ron Both, Senior Managing Director (949) 574-3860 PFIE@liolios.com