VANCOUVER, BRITISH COLUMBIA and LISLE, ILLINOIS--(Marketwire - Feb. 15, 2012) - Kelso (TSX VENTURE:KLS)(OTCQX:KEOSF) reports that it has been ranked as a 2012 TSX Venture 50 Company. The Company has been ranked 4th in the Diversified Industries sector of the 2012 TSX Venture 50 ranking system.
The TSX Venture 50® is a ranking of strong performers on TSX Venture Exchange ("TSXV"). 2012 TSX Venture 50 companies have an impressive track record. These companies have delivered above average returns in 2011. The shares of these companies also enjoy a highly liquid market with a total of 3.0 billion shares trading over the course of 2011. The TSXV is a unique incubator of public companies and the TSX Venture 50 achievements are strong evidence of the opportunities in this market.
James R. Bond, CEO and President, comments that, "Kelso has enjoyed a very good relationship as an issuer on the TSXV. We have accessed capital to execute our business plans, built corporate value and provided liquidity to our shareholders through the facilities of the TSXV. On behalf of all of the many stakeholders in Kelso we are honored to have been recognized as a 2012 TSX Venture 50 company."
About Kelso Technologies
Kelso is an emerging railroad equipment supplier that produces and distributes innovative technologies for the safe containment of all liquid materials including hazardous materials ("HAZMAT") during transport. Our external pressure relief valves ("EPRV") and Kelso Klincher™ ("KKS") manway products are patented designs that reduce the risk of environmental harm due to non-accidental release events in the transport of HAZMAT and improve employee safety.
Our new KKS provides a revolutionary change in the handling dynamics and infrastructure of the HAZMAT industry. It is a major industry innovation and addresses stringent environmental sensitivities and worker safety. Our KKS program is being well supported by regulators, railroads, customers, industry workers and emergency response organizations.
Our main challenge to market penetration is that the railroad industry is very slow to design or adopt new technologies. In many cases designs have not changed in decades even though environmental and engineering problems challenge the industry. This circumstance provides Kelso with a strong business opportunity to deliver technology solutions that improve performance, provide cost benefits and improve longevity. Our technology goal is to have our EPRV and KKS become the "best available technology" standard on all applications that are specified by rail tank car manufacturers, retrofitters and repair shops. The focus is to build a successful multi-million business on behalf of the shareholders of Kelso Technologies.
For a more complete business and financial profile of the Company, please view the Company's website at www.kelsotech.com and public documents posted on www.sedar.com.
On behalf of the Board of Directors,
James R. Bond, CEO and President
Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that from the commercial sales of our EPRV and KKS products Kelso can build a successful multi-million business on behalf of the shareholders of Kelso Technologies. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver new orders; product development may face unexpected delays; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that the construction or other plans for plants run into permit, labor or other problems. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. We assume no responsibility to update these forward looking statements except to the extent required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.