FORT WORTH, Texas, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Galenfeha, Inc. (OTC:GLFH) shared today the Company’s Fleaux Solutions Division, with Wastewater Rehabilitation
Operations, gains momentum while continuing work under the Phase II Contracts previously awarded for 2018.
Galenfeha’s Fleaux Solutions Division uses patented technology to reduce State and Local Government cost in the
repair and rehabilitation of wastewater routing. The technology primarily uses a polymer that is inserted into pipelines,
expanded, and then cured with Ultraviolet Light. This method allows for repairs to be made without complete removal and
replacement of water lines.
Mr. Trey Moore, Galenfeha’s CEO, stated: “We are finding our niche in the wastewater rehabilitation
industry with our exclusive patented lateral lining technology. As Phase II Wastewater Rehabilitation Projects continue,
consistent improvement in project management has put previously delayed schedule shifts back in line with government
deadlines.”
The company is moving forward with an emphasis on efficiencies, organization, and performance. The company’s
Third quarter revenues exceeded $1MM, a significant increase from second quarter results.
Mr. Moore continued: “While our Fleaux Solutions operation is susceptible to daily weather fluctuations and
prime contractor delays, we have implemented processes that will improve our performance despite these types of holdups.
These new processes will help us better meet revenue forecasts made earlier this year.”
Forward-Looking Statements: Except for historical information contained in this release, the
matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as
"anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar
expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements
are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the
Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of
business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties;
product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of
reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company
undertakes no obligation to revise any forward-looking statements as a result of future events or developments.
Contact:
Galenfeha, Inc.
817-945-6448
info@galenfeha.com
