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Intercept Energy Services Inc

Exchange: TSXV Exchange | Aug 18, 2017, 11:35 PM EDT

IES
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Intercept Energy Announces Change of Auditors

(via Thenewswire.ca)

June 30, 2015 / TheNewswire / EDMONTON, ALBERTA--- INTERCEPT ENERGY SERVICES INC. ("Intercept" or the "Company") - (TSX-V: IES), announces, after careful consideration and keeping the future growth opportunities in mind it has decided that effective June 29, 2015, and in accordance with regulatory requirements, appointed Collins Barrow Calgary LLP, Chartered Accountants ("Collins Barrow") as its auditor.

Accordingly, the Company has requested the resignation of Grant Thornton LLP, Chartered Accountants ("Grant Thornton") as auditor of the Company, and thanks them for their past professional service and support. There were no reservations in Grant Thornton's reports for the two most recently completed fiscal years or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of Grant Thornton's resignation. There were also no reportable events between the Company and Grant Thornton or between the Company and Collins Barrow.

The audit committee and board of directors of the Company have approved the appointment of Collins Barrow as successor auditor. In accordance with NI 51-102, a notice of change of auditor, together with the required letters from the auditor and the successor auditor have been filed on SEDAR.

Neil McLennan, the Chairman of the Board said: "With the Company's focus and efforts concentrating on the utilization of the technologies owned by us and the potential services which can be provided and built upon in the Oil Field Services Sector, we have culminated in the board seeking the best partners to achieve our goals. The Company is also looking at appointing new directors that can bring significant experience and knowledge to the Board, adding to our expertise and ability to support our management team. In this respect Mr. Richard Oravec has resigned in his capacity as a Director of the Company, we sincerely wish to thank Mr. Oravec for his important contributions during his 8 year tenure with Intercept."

About Intercept Energy Services Inc. ("IES")

Intercept Energy Services Inc. ("IES") (TSX Venture: IES, OTCBB: IESCF) is a North American Oil Field Service Firm that specializes in employing, developing and marketing efficient, innovative and proprietary technologies. Technologies such as its HE Heat (TM), provide the highest efficiency frac water heating services; that are used in oil and gas exploration and by production companies for the fracturing process throughout North America. HE Heat(TM) reduces fuel consumption and emissions, enhances safety and productivity, enables extreme cold weather operations; and results in significantly lower costs resulting in both a cost savings and competitive advantage for its customers.

For more information, visit https://InterceptES.com or contact the persons below

Mr. Swapan Kakumanu

Chief Financial Officer

1.877.975.0558

skakumanu@Interceptes.com

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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 the accuracy of this release.

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