SOURCE: Frontier Oilfield Services, Inc.
DALLAS, TX--(Marketwire - Jun 28, 2012) - Frontier Oilfield Services, Inc. (OTCQB: FOSI) (PINKSHEETS: FOSI) announces that we have retained Burnham Securities Incorporated to assist in sourcing capital and to advise us in fulfilling our acquisition strategy and enhancing shareholder value and liquidity.
Frontier president Tim P. Burroughs stated, "We are pleased to engage the corporate finance professionals at Burnham Securities because they provide Frontier with exceptional advice and access to the capital markets in order to fund our growth in the oilfield services sector through our acquisition strategy."
ABOUT FRONTIER OILFIELD SERVICES, INC.
Frontier Oilfield Services, Inc.'s primary business focus on wastewater recovery and disposal was selected due to the recurring nature of the revenues, the relatively high margins and the strong barriers to entry by potential competitors because of the limited supply of state permitted commercial disposal wells. In addition, as a result of breakthroughs in fracking technology (the process by which shale oil and gas is extracted) exploration & production companies are faced with increasing volumes of, and thus challenges with regard to the disposal of, fracking fluids and saltwater. Frontier's acquisition strategy in this highly fragmented, decentralized and essential sector of the energy services market, positions Frontier for potentially rapid expansion and substantial growth in the future.
ABOUT BURNHAM SECURITIES INCORPORATED
Burnham Securities Incorporated is an independent broker-dealer which specializes in retail services, principal distribution of its mutual fund family, and corporate finance. Tracing its roots back to 1935 when legendary financier I.W. Burnham ll, founded Burnham and Company, the firm today continues an 80 year heritage that embraces the values of honesty and commitment and combines them with enterprise and innovation. With decades of experience behind them, Burnham's investment bankers enable clients to focus on running their businesses, providing senior level attention to every assignment while implementing creative and time-tested solutions for today's M&A and capital markets and strategies for enhancing liquidity and/or shareholder value.
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the Company's Forms 10-K, Forms 10-Q, and other filings with the Securities and Exchange Commission. Such risks factors include, but are not limited to, a limited operating history with no earnings; reliance on the Company's management team; the ability to successfully implement the Company's business plan; the ability to continue as a going concern; the ability to fund the Company's business and acquisition strategy; difficulty in managing operations of acquired businesses; and limited trading in the public market for the Company's common stock. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.