ESI Announces Appointment of New Chief Financial Officer

CALGARY, May 17, 2018 /CNW/ - ESI Energy Services Inc. (CSE: OPI) ("ESI" or the "Company") announces that Ted Rigaux has resigned from the position of Chief Financial Officer of ESI as of May 01, 2018 for personal reasons. Mr. Rigaux plans to go on parental leave until October 1, 2018, when he will return to ESI. The Company has appointed Ms. Priyanka Bambaranda as interim Chief Financial Officer until such time as a decision has been made regarding a successor.  

Ms. Bambaranda has been employed by the Company since April 2013 as a Senior Accountant, progressing to Corporate Controller in October 2014. Prior to that, she held a number of senior accounting positions, including 10 years as a Senior Accountant with a major engineering and construction company. Ms. Bambaranda has a Bachelor of Management Science Degree from the University of Sri Jayewardenepura, Sri Lanka. She was a member of the Chartered Accountants Institute of Sri Lanka from 1994 to 1999.  She earned her Certified General Accounting Degree in June 2013 and is also a certified member of the Chartered Professional Accountants of Alberta and Canada. Ms. Bambaranda is well acquainted with the accounting and business operations of ESI. 

About ESI

ESI is a publically traded company listed on the Canadian Securities Exchange under the symbol of "OPI". The Company operates in western Canada and the United States of America. The Company, through its operating subsidiaries, ESI Energy Services Inc. ("ESI") and Ozzie's Pipeline Padder, Inc. ("OPI"), supplies (rents and sells) backfill separation machines ("Padding Machines") to mainline pipeline contractors, renewables and utility construction contractors as well as oilfield pipeline and construction contractors.    

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of the word "will", and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this press release contains forward-looking information with respect to the search for a new Chief Financial Officer for the Company. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Due to the risks, uncertainties and assumptions inherent in forward-looking information, investors should not place undue reliance on forward- looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

SOURCE ESI Energy Services Inc.

Robert Dunstan, Chief Executive Officer, Phone: [phone], Email: [email protected]