FT. WORTH, TX / CRWEPRESSRELEASE / August 31, 2015 / Galenfeha, Inc., (OTCMKTS: GLFH) announces an exclusive agreement with Control Equipment, Inc. to distribute Galenfeha production and stored energy product lines, including LiFePO4 battery systems, iWaV systems, and Galenfehaâ€™s ultra-high precision chemical injection pumps.
For over 60 years, Control Equipment, Inc. (CEI) has been a top distributor for some of the leading manufacturers in oil and gas equipment. CEI operates five facilities throughout West Texas, and will be Galenfehaâ€™s exclusive supplier in that region.
Lucien Marioneaux, Jr., Galenfeha, Inc. President/CEO commented, “CEI’s tenure in the industry speaks to its quality products and customer service. We are delighted they will now represent us in West Texas, and look forward to a highly successful partnership.”
Galenfeha’s distributorship agreement with Control Equipment reaffirms managementâ€™s commitment to continued revenue growth. With the company’s product lines receiving increased market acceptance, Galenfeha projects its third quarter revenues will exceed all previous quarters.
About Galenfeha, Inc.
Galenfeha (OTCMKTS:GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems.
For more information on Galenfeha’s products and services, please visit www.galenfeha.com.
Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as “anticipate,” “believes,” “estimate,” “expect,” “should,” “intend,” “projects,” “objective,” and “appears,” and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company’s SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.
Ft. Worth, TX
SOURCE: Galenfeha, Inc.