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Profire Energy to Host Utah Governor, Questar Gas CEO, Salt Lake Chamber Executives at Private Tour

LINDON, Utah, March 14, 2013 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (OTCBB:PFIE), a technology company which manufactures, installs and services burner management systems and other combustion management technologies for the oil and gas industry, today announced that it will host a number of business and government leaders at its office on April 8, 2013 for a private tour of its facilities.

"We are very much looking forward to meeting with the Profire team," said Lane Beattie, president of the Salt Lake Chamber. "As one of the fastest-growing companies in Utah, we hope to see them play an increasingly important role in the local economy and within the oil and gas industry."

The day's events will include a tour of Profire's headquarters in Lindon, Utah, as well as a meeting with Profire's executive team and senior management. Confirmed guests for the day's events include:

  • Gary R. Herbert, Governor of Utah
  • Ron Jibson, President & Chief Executive Officer of Questar Corporation (NYSE:STR)
  • Lane Beattie, President of Salt Lake Chamber
  • Brian Lemke, Vice President of Business Development of Salt Lake Chamber

In a recent meeting with Utah lawmakers, Gov. Herbert spoke about the need for initiatives to improve air quality in the state, as well as the role that natural gas could play in those initiatives:

"All of us know air quality is an issue, and it's been front and center this winter," Gov. Herbert said. "We need to find ways to improve our air quality . . . it impacts our health, it impacts our economy, [and] it impacts our quality of life."

At the same meeting, Gov. Herbert called natural gas the "fuel of the future" and emphasized to lawmakers its role in helping to reduce emissions and move toward greater energy independence and a stronger economy. Profire's executive team cited their technology's potential to aid in this initiative:

"Effective burner management products help make the industry safer, more efficient, and more environmentally friendly," said Brenton Hatch, chief executive officer of Profire. "As an oilfield technology company, we applaud the thought-leadership shown by the governor on this important topic, and we look forward to collaborating on initiatives that will accomplish his objectives and set a pattern for the country."

About Profire Energy, Inc.

Profire Energy assists energy production companies in the safe and efficient transportation, refinement and production of oil and natural gas. As energy companies seek greater safety for their employees, compliance with more stringent EPA standards and enhanced margins with their energy production processes, Profire Energy's burner management systems are increasingly becoming part of their solution. To learn more about the company's products and services, please visit www.profireenergy.com. Profire Energy has offices in Lindon, Utah; Houston, Texas; and Edmonton, Alberta, Canada.

The Profire Energy, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13229

Cautionary Note Regarding Forward-Looking Statements. This release contains "forward-looking" statements, including, but not limited to statements about the upcoming meeting with local government and industry leaders, and Profire Energy's potential position and role in the local economy and its industry. 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. 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, Investor Relations (801) 796-5127

Source:Profire Energy