W. Austin Lewis IV Appointed to Board of Directors

HENDERSON, NV / ACCESSWIRE / July 15, 2015 / Quest Solution, Inc, “The Company” (OTCQB: QUES), a leading provider in the technology, software, and mobile data collection systems business, today announced the appointment of W. Austin Lewis, IV to the Company’s Board as an independent director effective July 15, 2015.

Mr. Lewis founded and currently serves as Portfolio Manager at Lewis Asset Management, a New-York based investment firm that has invested more than $100 million in microcap technology companies. Prior to this, Lewis actively managed a technology-based hedge fund for Puglisi and Company where he also structured investments into publicly traded companies.

“Austin brings a wealth of technology and financial industry expertise to Quest Solution and I am delighted to welcome him to the Board,” stated Mr. Tom Miller, Quest Solutions Chairman and Chief Executive Officer. “Austin’s experience and insights will be extremely valuable to Quest Solution as we continue to grow and develop our offerings. We are actively exploring opportunities to expand our Board of Directors over the coming months with individuals like Austin who have demonstrated strong executive leadership with a proven history of success. Having the wise counsel of a variety of leaders will help us take Quest Solution to the next level.”

“I am excited about the opportunity to work with Tom and his team,” commented Mr. Lewis. “As a leader in their marketspace, Quest Solution is developing a brand and reputation for innovative enterprise mobility solutions that sets them apart from their competitors. I look forward to being a part of the Company’s evolution.”

With the addition of Mr. Lewis, Quest Solution’s Board of Directors consists of Tom Miller, Chairman and Chief Executive Officer of Quest Solution, Inc.; Robert F. Shephard, President and Chief Executive Officer of Jenesey, Inc.; and Ian McNeil, Principal of McNeil Consulting Group, LLC. Three of the four board members are independent of Quest Solution.

About Quest Solution, Inc.

Quest Solution, Inc. is a leading provider in the technology, software, and mobile data collection systems business. In November 2014, the Company announced that Bar Code Specialties, Inc. (BCS) joined with Quest Solution, Inc. The Company intends on continuing to acquire existing companies with revenues and positive cash flow.

Quest Solution, Inc. serves as a national mobility and data collection systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references.

The recent BCS acquisition is in addition to the recently announced creation of a wholly-owned division focused on commercializing Intellectual Property, Patents and Distribution of industry-specific technologies in an array of new verticals. The new division will focus on the acquisition of existing intangibles, which we anticipate will build future value to the company.

On May 14, 2015 Quest announced a letter of intent to merge with ViascanQData. ViascanQData currently serves in excess of 4,000 enterprise customers, mainly in Canada. Unaudited financials indicate annual revenues of about CDN$28 million (approximately $24 million USD), and ViascanQData is currently on track to deliver unaudited double digit EBITDA for 2015. The Company estimates the proforma revenue for the combined entities for 2014 would have been approximately US $83 – 85 million.

Information about Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Quest Solution, Inc.’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Quest Solution Inc.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include statements regarding growth in our parts and vehicle sales and increases in our ability to produce new products. For a more detailed description of the risk factors and uncertainties affecting Quest Solution, Inc. please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. Quest Solution, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:

Cameron Donahue
Hayden IR, LLC
Cameron@haydenir.com
651-653-1854

SOURCE: Quest Solution, Inc.

ReleaseID: 430604

VANCOUVER, BC / ACCESSWIRE / July 15, 2015 / Elysee Development Corp. (TSXV: ELC) (the “Company”) announces that it has changed its corporate name from “Alberta Star Development Corp.” to “Elysee Development Corp.”. The Company’s stock symbol on the TSX Venture Exchange (“TSXV”) has also been changed. The Company’s new stock symbol on the TSXV is “ELC”. The name change was approved by shareholders, the board of directors and the TSXV. The Company did not undertake a change of business or consolidation of capital in conjunction with the change of corporate name. The new ISIN for the Company’s listed shares is CA2907371058 and the new CUSIP is 290737105. The Company is focused on the identification and development of undervalued mineral resource projects in North America. The Company currently holds interests in exploration projects in the Northwest Territories and Saskatchewan and maintains a strong balance sheet, with current working capital of $8 Million. With a management team experienced in the financing, engineering, construction and management of mining projects on a worldwide basis, the Company is well-positioned to capitalize on the exceptional opportunities that continue to become available due to the current market malaise in the junior mining sector.

For more information on the Company please visit our new web site at www.elyseedevelopment.com. Elysee anticipates that its Financial Statements for the Second Quarter ended May 31, 2015 will be available and filed on SEDAR by July 20, 2015.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Stuart Rogers President & Chief Executive Officer Tel: (604) 689-1749

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

SOURCE: Elysee Development Corp. 

ReleaseID: 430602

LONDON, ENGLAND / ACCESSWIRE / July 15, 2015 / While the drop in oil prices effectively means no drilling for now in Canada’s biggest shale reserves, we’re looking at some of the cheaper, smaller plays that can move forward despite the slump in Saskatchewan’s Northern Williston Basin, with a four-well drilling plan getting under way as early as this month at Bannock Creek and land values set to skyrocket with the first discovery.

Saturn Minerals (TSXV:SMI) and its JV partner are defying the oil price slump by launching a four-well conventional drilling program after successful 2D seismic pinpointed 10 locations for potential light oil traps in the stacked Red River, Winnipeg and Deadwood Formations in the basin.

At the end of the day, we’re looking at a potential estimated production rate of 100-150 barrels per day, per well.

Bannock Creek is in Saskatchewan’s section of the prolific Williston Basin, which already produces 1 million bpd. And Bannock Creek isn’t the only permit Saturn has here-its sleeper play is Little Swan, which will be a future target. Together, the two permits span 376,800 acres. Not does this make it one of the largest permits in Saskatchewan, but it’s also sitting right next to some very large and very active drillers, including Whiting Petroleum Corp (NYSE: WLL), Hess Corp (NYSE: HES) and Continental Resources (NYSE: CLR).

But the real story here is the potential for land value to sky rocket. Saturn holds hundreds of thousands of acres in this area and the closest producing well is around 300 kilometers away. This means that land is cheap. But it also means that the minute any discovery is announced in this area, the land value will sky rocket, and Saturn is sitting on the biggest piece of property so would be the primary beneficiary.;

In the meantime, we’re looking at cost and we like the idea of getting back to the conventional-especially in this area. The Bannock Creek wells are shallow and vertical, and will reach under 1,000 meters in depth. This is why it can survive in the current price environment, where Canada’s shale plays cannot. The drilling costs are significantly lower.

While oil and gas explorers targeting horizontal drilling and multi-stage fracking in the same area will drill down 4,000 meters and pay up to $17 million for a well, the shallow, vertical wells at Bannock Creek will only cost about CAD $830,000 to drill, tie-in and complete.

This math makes room for some impressive netbacks, and adding to the lure is the fact that Saskatchewan is known for having some strong producing shallow plays.

Not only is the production rate estimated to be around 100 to 150 bpd per well, but the net backs will be around $35 per barrel at current oil prices, making for some sound returns on investment.

Management is always the key, and from this perspective we see that Bannock Creek is one track. Seismic has come through as promised, and drilling is on track as well. If Saturn can fast-track Bannock and Little Swan and see success, and then move forward with new exploration for more growth in North America’s hottest wildcat venue, we could be looking at a company that defies low oil prices and brings the conventional back to the forefront of the oil and gas game with high-yield returns.

“We’re going back to the way things were done in the early 90s in the Western Canada Sedimentary Basin. We’re back to the conventional game,” Saturn consultant Craig Boland said in a recent in a video interview with smallcappower.com.

In May, the company also completed a $450,000 non-flow through private placement, with 2,500,000 units at a price of $0.18 to help boost the four-well drilling project.

So while Canadian media seems stuck on forcing the potential of the country’s biggest shale plays, we view this as presently unrealistic. Getting back to the basics for now will be key for investors looking for real returns in this market, and Saskatchewan’s cheap shallow plays are the only hope in this venue.

What investors should really be latching onto here is Saturn’s huge acreage package and the potential for land value per acre to explode with the first discovery, rendering the four-well drilling plan even more exciting.

By. James Burgess of Oilprice.com

Legal Disclaimer/Disclosure: Saturn Minerals is an Oilprice.com client. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are subject to change without notice. Oilprice.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

SOURCE: Oilprice.com

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