Lonestar Announces Appointment of New CFO

SYLVAN LAKE, AB, Feb. 4, 2013 /CNW/ - Lonestar West Inc. (TSXV: LSI) is pleased to announce that it has appointed Kristina Scade as its new Chief Financial Officer.  Ms. Scade will join Lonestar effective February 4, 2013 on a full time basis and will replace Bev Roome who will continue in a transition role for an appropriate period.

Ms. Scade received a Bachelor of Commerce degree from the University of Alberta in 2008 while working for Carfinco Financial Group (previously Carfinco Income Fund) from 2004-2008.  Most recently, Ms. Scade has been working for Grant Thornton LLP in Edmonton, Alberta where she completed the Chartered Accountants School of Business designation in 2012.  While at Grant Thornton she gained extensive experience in both the public and private sectors in a variety of industries such as oilfield supply, mineral exploration, utilities (water, gas and electricity) supply, investment funds and manufacturing, among others. 

"As Lonestar continues its strong growth going forward, hiring a full time CFO was the next step in building a solid foundation to an already strong management team," said James Horvath, CEO of Lonestar.  "Kristina will make a great addition to our growing team and we would like to thank Bev Roome for her strong contributions and efforts in the past."

Business Description

Base in Sylvan Lake, Alberta, Lonestar West Inc. (www.lonestarwest.com) operates a fleet of 42 HVAC and vacuum trucks throughout Western Canada and recently expanded into California.  It is focused on profitably growing its HVAC services to become a major competitor in the North American market.

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.

SOURCE: Lonestar West Inc.

James Horvath, President and CEO
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Investor Relations, The Howard Group Inc.
Jeff Walker
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