Enservco Receives Audit Opinion with Going Concern Qualification
April 10 2020 - 4:00PM
Enservco Corporation (NYSE American: ENSV), a diversified national
provider of specialized well-site services to the domestic onshore
conventional and unconventional oil and gas industries, today
announced that, as previously disclosed in its recently filed Form
10-K for the year ending December 31, 2019, the Company has
received an audit opinion with a going concern qualification.
This additional disclosure is required pursuant to NYSE American
listing requirements.
About EnservcoThrough its various operating
subsidiaries, Enservco provides a range of oilfield services,
including hot oiling, acidizing, frac water heating, and related
services. The Company has a broad geographic footprint
covering seven major domestic oil and gas basins and serves
customers in Colorado, Montana, New Mexico, North Dakota, Oklahoma,
Pennsylvania, Ohio, Texas, Wyoming and West
Virginia. Additional information is available at
www.enservco.com
Cautionary Note Regarding Forward-Looking
StatementsThis news release contains information that is
"forward-looking" in that it describes events and conditions
Enservco reasonably expects to occur in the future. Expectations
for the future performance of Enservco are dependent upon a number
of factors, and there can be no assurance that Enservco will
achieve the results as contemplated herein. Certain statements
contained in this release using the terms "may," "expects to," and
other terms denoting future possibilities, are forward-looking
statements. The accuracy of these statements cannot be guaranteed
as they are subject to a variety of risks, which are beyond
Enservco's ability to predict, or control and which may cause
actual results to differ materially from the projections or
estimates contained herein. Among these risks are those set forth
in Enservco’s annual report on Form 10-K for the year ended
December 31, 2019, and subsequently filed documents with the
SEC. It is important that each person reviewing this release
understand the significant risks attendant to the operations of
Enservco. Enservco disclaims any obligation to update any
forward-looking statement made herein.
Contact:Pfeiffer High Investor
Relations, Inc.Jay PfeifferPhone: 303-880-9000Email:
jay@pfeifferhigh.com
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