Brisben Water Energy Services Engages Simmons & Company as Strategic Advisor
STUART, FL--(Marketwire - 09/14/09) - Brisben Water Energy Services, a majority owned subsidiary of Brisben Water (OTC.BB:ESPH), announces today that it has engaged Simmons & Company International ("Simmons"), a Houston based investment bank specializing in the global energy sector, as strategic advisors. Simmons' mandate is to assist Brisben Water in evaluating strategic alternatives to enhance shareholder value. These strategic alternatives may include partnerships, joint ventures, divestitures, sale, or other initiatives with the Brisben Water Energy Services subsidiary.
Simmons & Company Managing Director Matthew Pilon stated, "The emergence of natural gas shale plays in the U.S. and around the world require an energy company to have an in depth knowledge of water management and the right water recycling technology in order to reduce completion costs and protect vital water resources. What Brisben Water has created with their Ozonix mobile water treatment technology is a unique cost effective well site solution to water sourcing and disposal challenges. Brisben Water's mobile water treatment technology significantly reduces the chemical, water hauling, and disposal costs associated with natural gas well fracturing and production. We look forward to working with Brisben Water to be their strategic advisors."
John Ely, President of Ely & Associates and Vanguard Stimulation Services, stated, "The water treatment technology Brisben Water has proven in the field over the past year working with major energy companies is a major step change in our industry. Simmons understands the energy industry economics and has the proven ability to demonstrate to energy companies and oil field services companies the financial and environmental benefits of Brisben Water's technology."
Brisben Water CEO Dennis McGuire stated, "We have recently signed very significant service contracts with major energy companies. Since signing those contracts, we have been approached by several large oil & gas services companies that are interested in a relationship with our company. Brisben Water and our Bledsoe Capital partners sought out the most respected and experienced energy industry professionals to manage the process of dealing with these major companies interested in our technology. We are very pleased to have engaged Simmons & Company to manage the process of finding the right strategic alternative for us that will maximize our shareholder value."
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About Simmons & Company
Simmons & Company is the only independent investment bank specializing in the entire spectrum of the energy industry. Founded in 1974, the firm has acted as financial advisor in nearly $140* billion of transactions, including 550 merger and acquisitions worth over $97 billion. Simmons has served as co-manager on over $38 billion in public debt and equity offerings. During 2008 Simmons closed 39 M&A transactions worth $8.5 billion and co-managed 8 offerings worth nearly $8 billion. The firm's clients range from small, privately held companies to multi-billion dollar public entities. SCI is based in Houston, Texas with additional offices in Boston, Massachusetts; Aberdeen, Scotland; and London, United Kingdom. http://www.simmonsco-intl.com/
About Brisben Water Technologies:
Brisben Water (OTC.BB: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.
Contact:
Contacts:
Gerald Kieft
Wall Street Resources, Inc.
772-219-7525
www.wallstreetresources.net