Lonestar West Inc. Expands Fleet
05 December 2011 - 4:09PM
PR Newswire (Canada)
SYLVAN LAKE, AB, Dec. 8, 2011 /CNW/ - Lonestar West Inc. announced
today that it has increased its corporate fleet during the current
quarter. On September 30, 2011, Lonestar's fleet consisted of 11
hydro-vac trucks, 7 lease operated hydro-vac trucks, and 6
vacuum trucks, and, for a total fleet of 24 trucks. Lonestar
has acquired additional trucks in the current quarter in order to
meet strong customer demand. As of December 5, 2011, the
fleet has been increased to 14 hydro-vac trucks, 7 lease operated
hydro-vac trucks, and 8 vacuum trucks for a total of 29
trucks. It is anticipated that several additional
trucks will be added in the current quarter. "We are adding to our
fleet to meet strong customer demand," stated James Horvath,
President and CEO. "The additions to our fleet will not materially
impact gross revenues in the current quarter, but are expected to
have a positive impact in our next quarter and beyond." Business
Description Lonestar West Inc. (www.lonestarwest.com) currently
operates a fleet of HVAC and Vacuum trucks throughout Western
Canada from its base in Sylvan Lake, Alberta. It is focussed
on profitably growing its HVAC services to become a major national
competitor. Lonestar's shares trade on the TSX (Venture) Exchange
under the symbol LSI. Certain information and statements contained
herein constitute forward-looking information, including the
anticipated costs associated with the purchase of capital
equipment, expectations concerning the nature and timing of growth
within the business operated by Lonestar, expectations respecting
the competitive position of such business, expectations concerning
the financing of future business activities and statements as to
future economic and operating conditions. Readers should
review the cautionary statement respecting forward-looking
information that appears in Lonestar's complete MD&A. Lonestar
West Inc. CONTACT: James Horvath, President and CEO (403)
887-2074Bev Roome, CA, Chief Financial Officer (403) 887-2074
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