SYLVAN LAKE, AB, Dec. 8, 2011 /CNW/ - Lonestar West Inc. (TSXV: LSI) announced today that it has increased its corporate fleet during the current quarter.
On September 30, 2011, Lonestar's fleet consisted of 11 hydro-vac trucks, 7 lease operated hydro-vac trucks, and 6 vacuum trucks, and, for a total fleet of 24 trucks. Lonestar has acquired additional trucks in the current quarter in order to meet strong customer demand. As of December 5, 2011, the fleet has been increased to 14 hydro-vac trucks, 7 lease operated hydro-vac trucks, and 8 vacuum trucks for a total of 29 trucks. It is anticipated that several additional trucks will be added in the current quarter.
"We are adding to our fleet to meet strong customer demand," stated James Horvath, President and CEO. "The additions to our fleet will not materially impact gross revenues in the current quarter, but are expected to have a positive impact in our next quarter and beyond."
Business Description
Lonestar West Inc. (www.lonestarwest.com) currently operates a fleet of HVAC and Vacuum trucks throughout Western Canada from its base in Sylvan Lake, Alberta. It is focussed on profitably growing its HVAC services to become a major national competitor.
Lonestar's shares trade on the TSX (Venture) Exchange under the symbol LSI.
Certain information and statements contained herein constitute forward-looking information, including the anticipated costs associated with the purchase of capital equipment, expectations concerning the nature and timing of growth within the business operated by Lonestar, expectations respecting the competitive position of such business, expectations concerning the financing of future business activities and statements as to future economic and operating conditions. Readers should review the cautionary statement respecting forward-looking information that appears in Lonestar's complete MD&A.
| James Horvath, President and CEO | (403) 887-2074 |
| Bev Roome, CA, Chief Financial Officer | (403) 887-2074 |
