Lonestar West Inc. named to TSX Venture 50
19 Février 2012 - 3:59AM
PR Newswire (Canada)
SYLVAN LAKE, AB, Feb. 22, 2012 /CNW/ - Lonestar West Inc. is
pleased to announce that it has been named as a 2012 TSX Venture 50
Company. The TSX Venture 50 is a ranking of strong performers on
the TSX Venture Exchange, comprised of 50 companies, 10 from each
of five industry sectors: mining, oil & gas, technology &
life sciences, diversified industries and clean technology. The
selection is based on a ranking formula with equal weighting given
to market capitalization growth, share price appreciation, trading
volume and analyst coverage. All data was as of December 31, 2011.
Through 2011, Lonestar saw a 163% rise in its stock price while the
market cap increased 806%. These dramatic increases
contributed to Lonestar achieving its ranking as one of the 10
leading companies in the diversified industries sector, and among
the 50 best of the 2,250 companies listed on the exchange. "Our
team at Lonestar is honoured to be ranked in the 2012 TSX Venture
50", said James Horvath President and Chief Executive Officer of
Lonestar. "This acknowledgement reflects Lonestar's ability to
continue with its aggressive growth model through 2012 and beyond."
Refer to the following link for the TSX Venture Exchange press
release:
http://www.tmx.com/en/news_events/news/news_releases/2012/2-15-2012_TMXGroup-2012Venture50.html
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 in the market area. 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. Lonestar West Inc. CONTACT: James Horvath,
President and CEO (403) 887 - 2074Bev Roome, CA, Chief Financial
Officer (403) 887 - 2074Investor Relations, The Howard Group
Inc.Jeff Walker1-888-221-0915(403) 221-0915jeff@howardgroupinc.com
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