Heckmann Unites Under New Brand: Nuverra Environmental Solutions
March 11 2013 - 4:00PM
Business Wire
Heckmann Corporation (NYSE: HEK) – one of the largest
companies in the United States dedicated to the removal, treatment,
recycling, transportation and disposal of restricted solids, fluids
and hydrocarbons – today announced that it will unite its
individual business units under a single new brand. Heckmann
Corporation – together with Heckmann Water Resources, Power Fuels
and Thermo Fluids – will become “Nuverra Environmental
Solutions.”
Richard J. Heckmann, Executive Chairman and Mark D. Johnsrud,
Chief Executive Officer and Vice Chairman of Heckmann and former
owner of Power Fuels commented, “We are very proud of where we are
as a Company. We have grown our businesses at a rapid pace over the
past few years, and now have a national environmental solutions
company with operations in 25 states and all major U.S. shale
basins. We are unifying our various platforms under one name to
help convey our strategy and are excited about advancing our
mission and vision under the Nuverra name and brand. And most
importantly, we continue to add experienced managers and believe
that our growing scale and geographic reach will provide exciting
careers for our team.”
The name “Nuverra” represents a new era of environmental
solutions, and contains references to “new,” “green,” “earth” and
“time.” Nuverra reflects the broader focus of the Company’s united
operating units and represents a fundamental dedication to
supporting sustainable energy generation and American energy
independence.
The Company will be seeking stockholder approval of the name
change at its upcoming annual meeting, expected to be held on May
8, 2013. The Company expects to begin trading under its new name
and NYSE ticker symbol “NES” on or about May 13, 2013.
About Heckmann Corporation
Heckmann Corporation (NYSE: HEK) is an environmental services
company. The Company – soon to become “Nuverra Environmental
Solutions” – provides comprehensive environmental solutions to
protect, enhance and advance sustainable energy growth. The Company
is one of the largest companies in the United States dedicated to
the removal, treatment, recycling, transportation and disposal of
restricted solids, fluids and hydrocarbons. The Company also
provides a one-stop-shop for the collection, reprocessing and
recycling of used motor oil, oily waste water and spent antifreeze.
Heckmann continues to expand its suite of environmentally compliant
and sustainable solutions to a national footprint of customers that
demand stricter environmental compliance and accountability from
their service providers.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements may involve known and
unknown risks, uncertainties and other factors that may cause
results, levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release.
Such risk factors include, among others: difficulties encountered
in acquiring and integrating businesses, whether certain markets
grow as anticipated; and the competitive and regulatory
environment. Additional risks and uncertainties are set forth in
Heckmann’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2012, the Current Report on Form 8-K/A filed by
Heckmann on February 11, 2013, as well as Heckmann’s other reports
filed with the United States Securities and Exchange Commission,
all of which are available at http://www.sec.gov/ and on Heckmann’s website at
http://heckmanncorp.com/. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this presentation.
All forward-looking statements are qualified in their entirety by
this cautionary statement. Heckmann undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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