Enservco Corporation Appoints C. Kevin Chesser to Board of Directors
11 Abril 2023 - 5:01PM
Enservco Corporation (NYSE American: ENSV), a diversified national
provider of specialized well-site services to the domestic onshore
conventional and unconventional oil and gas industries, today
announced that C. Kevin Chesser, a veteran finance executive with
deep experience in the energy industry, has been appointed to its
Board of Directors.
Chesser joins the Enservco Board with more than 34
years of experience as a senior finance executive for public and
private companies. He is a certified public accountant. For the
past five years, he has provided CFO-level business consulting
services focused on go-public transactions, financings, M&A and
board advisory services within his own consulting firm. His prior
experience includes 23 years of service with Deloitte and Briggs
& Veselka (now Crowe LLP), where he served as a partner and SEC
practice leader.
“Kevin is a highly accomplished and respected
finance executive who brings a wealth of relevant experience in
finance and public company reporting to the Enservco Board,” said
Rich Murphy, Executive Chairman. “We are delighted that he has
accepted this role and look forward to benefitting from his energy
and experience as a member of the Board’s audit committee.” “I am
excited to join Enservco at a time when revenue is accelerating,
profit metrics are improving and the Company is positioned for
future success as the oilfield services industry continues its
recovery,” said Chesser. “My background is ideally suited to this
assignment, and I look forward to working closely with fellow
directors and management as we continue to execute our business
plan.”
Enservco also announced it expects to report 2023
first quarter revenue in excess of $8.7 million as the Company
continues to benefit from increasing customer demand that began in
early 2021. The continued trend of revenue growth was supported by
a strong performance within the Company’s hot oiling services
segment, where its Texas operations achieved their first $1.0
million month in February 2023.
About Enservco
Through its various operating subsidiaries,
Enservco provides a range of oilfield services, including hot
oiling, acidizing, frac water heating, and related services. The
Company has a broad geographic footprint covering seven major
domestic oil and gas basins and serves customers in Colorado,
Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio,
Texas, Wyoming, West Virginia, Utah, Michigan, Illinois, Florida,
and Louisiana. Additional information is available at
www.enservco.com.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains information that is
"forward-looking" in that it describes events and conditions
Enservco reasonably expects to occur in the future. Expectations
for the future performance of Enservco are dependent upon a number
of factors, and there can be no assurance that Enservco will
achieve the results as contemplated herein. Certain statements
contained in this release using the terms “believes,” "may,"
“intends,” "expects to," and other terms denoting future
possibilities, are forward-looking statements. The accuracy of
these statements cannot be guaranteed as they are subject to a
variety of risks, which are beyond Enservco's ability to predict,
or control and which may cause actual results to differ materially
from the projections or estimates contained herein. Among these
risks are those set forth in Enservco’s annual report on Form 10-K
for the year ended December 31, 2022, and subsequently filed
documents with the SEC. Forward looking statements in this news
release include the ability of the Company to benefit from the
addition of Kevin Chesser to the Board of Directors, ability of the
company to execute its business plan and achieve future success,
and expectations for first quarter revenue to $8.7 million.
Enservco disclaims any obligation to update any forward-looking
statement made herein, except as required by law.
Contact:
Mark Patterson Chief Financial Officer Enservco
Corporation mpatterson@enservco.com
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