Natural Gas Services Group Names Robert Ingle and A.J. Posey to Lead Its Sales and Operational Teams
MIDLAND, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Natural Gas Services Group, Inc. (Amex: NGS), a leading provider of gas compression equipment and services to the natural gas industry, announces Robert B. Ingle has been promoted to the position of Sales and Marketing Manager and A.J. Posey has been promoted to the position of Operations Coordinator for the Company.
Mr. Ingle, 36, joined NGS in 1999 and has performed various sales, sales management and engineering assignments. He most recently concentrated on the Barnett Shale market development and will be responsible for the sales and market development of NGS's existing and new geographic areas. Mr. Ingle holds a degree from Texas Tech University.
Mr. Posey, 33, joined NGS in 1999 and has advanced through various fabrication and field service positions. He most recently managed the Midland Service Area for the Company and will be responsible for the direction of NGS' field service organization.
"Rob and A.J. have repeatedly demonstrated their ability to grow and profitably manage various functions within the Company. They have the knowledge and ability to hit the ground running and their promotions are well deserved. I look forward to working closely with them as we continue to grow the company and service our customers to our usual high standards," said Steve Taylor, President and CEO.
About Natural Gas Services Group, Inc. (NGS)
NGS is a leading provider of small to medium horsepower, wellhead compression equipment to the natural gas industry with a primary focus on the non-conventional gas industry, i.e., coalbed methane, gas shales and tight gas. The Company manufactures, fabricates, rents and maintains natural gas compressors that enhance the production of natural gas wells. The Company also designs and sells custom fabricated natural gas compressors to particular customer specifications and sells flare systems for gas plant and production facilities. NGS is headquartered in Midland, Texas with manufacturing facilities located in Tulsa, Oklahoma, Lewiston, Michigan and Midland, Texas and service facilities located in major gas producing basins in the U.S.
For More Information, Contact: Jim Drewitz, Investor Relations
972-355-6070
jdrewitz@comcast.net
Or visit the Company's website at http://www.ngsgi.com
This release contains forward-looking statements subject to various risks and uncertainties that could cause the Company's future plans, objectives and performance to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "plan," "subject to," "anticipate," "estimate," "continue," "present value," "future," "reserves", "appears," "prospective," or other variations thereof or comparable terminology. Factors that could cause or contribute to such differences could include, but are not limited to, those relating to conditions in the natural gas industry, including the demand for natural gas and fluctuations in the price of natural gas; weaknesses in the Company's internal controls; competition among the various providers of compression services and products; changes in safety, health and environmental regulations; changes in economic or political conditions in the markets in which we operate; failure of our customers to continue to rent equipment after expiration of the primary rental term; the inherent risks associated with our operations, such as equipment defects, malfunctions and natural disasters; our inability to comply with covenants in our debt agreements and the decreased financial flexibility associated with our substantial debt; future capital requirements and availability of financing; general economic conditions; events similar to September 11, 2001; and fluctuations in interest rates. While we believe our forward-looking statements are based upon reasonable assumptions, these are factors that are difficult to predict and that are influenced by economic and other conditions beyond our control. Important factors that could cause actual results to differ materially from the expectations reflected in the forward- looking statements include, but are not limited to, the factors described above and the other factors described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission.
SOURCE Natural Gas Services Group, Inc.
-0- 11/08/2006
/CONTACT: Jim Drewitz, Investor Relations of Natural Gas Services Group,
Inc., +1-972-355-6070, or jdrewitz@comcast.net /
/Web site: http://www.ngsgi.com /
(NGS)
CO: Natural Gas Services Group, Inc.
ST: Texas
IN: OIL
SU: PER
AH-CT
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0695 11/08/2006 09:25 EST http://www.prnewswire.com
