Quickthree Solutions Inc. Appoints Mike Crabtree as Chairman of the Board of Directors
Quickthree Solutions Inc. (“Quickthree”) is pleased to announce that within it’s third year of operations it has prototyped, tested, sold and subsequently built its internal manufacturing capacity for the Quickthree line of products sufficient to achieve profitable operations. Profitable operations were achieved for the fiscal year ending March 31st, 2014. In anticipation of sustained growth, the company has also completed a financing, through the private placement of units, in an offering lead by Westbridge Capital Ltd. ("Westbridge").
Quickthree is also pleased to announce that it has added to it’s leadership through the recent appointment of Mr. Mike Crabtree to the role of Chairman of it’s Board of Directors. Mr. Crabtree is currently the VP Energy at Saskatchewan Research Council, a government agency that provides world class research, design and development consulting services to industry. He comes to Quickthree with a wealth of experience gained in oilfield and related businesses encompassing operations through to management. He has over 25 years of experience managing oilfield businesses, including senior positions with Schlumberger, one of the world’s largest oil service industry players. He has an exceptional record of combining green energy and environmental sensitivities with new technologies. His business acumen involves driving revenue, profit and shareholder value growth; developing and bringing traditional and innovative chemical and engineering technologies for maximizing production from traditional and unconventional oil and gas resources.
Mike Crabtree (Chairman), commented “2013 has been a year of rapid and sustained growth for Quickthree, with products being introduced to market in both Canada and the US. The growth in sales is set to accelerate based on a strong market pull for Quickthree’s innovative products and technology”.
Mr. Alvin Herman (President) commented “The past year, although operationally challenging, has also been very rewarding as the market for the Quickthree product continues to gain acceptance. Quickthree will add several new innovations to its product line concurrent with the core Quickstand trailer line, and expects significant growth in the next twelve months”.
About Quickthree Solutions Inc.
Quickthree is an innovator and manufacturer of industrial equipment located in Saskatoon, Saskatchewan. The Quickthree products (patents pending) integrate environmental awareness and efficient design, making them the choice for the markets they serve.
About Westbridge Capital Ltd.
Westbridge is a private equity management company. Westbridge focuses exclusively on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.