Brisben Water Energy Services Closes $7.5 Million Financing with Fidelity National Financial
STUART, Fla., Nov. 10 /PRNewswire-FirstCall/ -- Brisben Water Energy Services LLC, EES, a majority owned subsidiary of Brisben Water (OTC Bulletin Board: ESPH), announces today that it has closed a financing round of $7.5 million with Fidelity National Financial, Inc. FNF is a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services. FNF will own 19% of EES.
EES is a provider of proprietary water purification and management services to the energy industry. The company manufactures water purification and management units, utilizing the proprietary Ozonix(TM) technology. Ozonix(TM) offers an eco-friendly "Total Water Management" system that is capable of cost effectively reclaiming water for maximum reuse and minimal waste.
John Kuelbs, Chairman of Brisben Water Energy Services, stated, "We are excited to be partnering with FNF, a world class organization. After seeing our mobile Ozonix technology at work in the field and speaking with the operators, FNF decided to make an equity investment in our company. This important $7.5 million round of capital will allow EES to build all of the equipment that we need to fully fund our Southwestern Energy contract."
"EES is a company with a tremendous proprietary technology that we believe can deliver a great return on our investment. EES provides an eco-friendly, cost-effective solution that can make a real difference in the energy industry," said FNF Chairman William P. Foley, II. "EES' technology helps major energy producers extract clean energy from abundant shale plays, while at the same time reducing CO2 emissions and protecting vital water resources. We look forward to being partners with Brisben Water to help bring this technology to its customers."
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About Fidelity National Financial
Fidelity National Financial, Inc., is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is the nation's largest title insurance company through its title insurance underwriters -- Fidelity National Title, Chicago Title, Commonwealth Land Title, Lawyers Title, Ticor Title, Security Union Title and Alamo Title -- that collectively issue more title insurance policies than any other title company in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. FNF is also a leading information services company in the human resource, retail and transportation markets through another minority-owned subsidiary, Ceridian Corporation. More information about FNF can be found at www.fnf.com.
About Brisben Water Technologies:
Brisben Water (OTC Bulletin Board: ESPH) is a diversified water engineering and environmental services company primarily focused on the natural gas industry. The Company provides water-recycling services to provide clean water for energy companies to extract natural gas from unconventional shale plays. Brisben Water's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Brisben Water has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems. For more information, please visit: Brisben Watertech.com.
Contacts: Gerald Kieft Wall Street Resources, Inc., 772-219-7525 www.wallstreetresources.net