HII Technologies Acquires Frac Water Handling Company (HIIT, BYFC)

** HII Technologies, Inc. (HIIT) reported that it has consummated its acquisition of the oilfield services company (Frac Water Handling Company), that operates under the name "AES." HIIT's initial guidance for AES revenues over the next twelve months is currently $4 million

Online PR News – 29-September-2012 – Las Vegas, NV – HIIT, HII Technologies, Inc.

HIIT reported that it has consummated its acquisition of the oilfield services company (Frac Water Handling Company), that operates under the name "AES." AES specializes in high volume water transfer services through mobile piping solutions with top-of-the line environmentally safe, no-leak systems designed to support hydraulic fracturing, or "fracing," used in hydrocarbon reservoirs. Currently, AES' primary focus is with nationally recognized customers that are exploration & production (E&P) companies that have operations in Texas and Oklahoma. AES' current customers are drilling and fracing crude and liquids-rich reservoirs that in many cases were not previously productive before current fracing technologies. HIIT's initial guidance for AES revenues over the next twelve months is currently $4 million in revenues. HIIT is a oilfield services company which is focused on commercializing technologies in power and water management used by exploration and production companies in the United States. More about HIIT at www.hiitinc.com

BYFC, Broadway Financial Corporation

For the second quarter of 2012, BYFC posted net earnings of $1.7 million, or $0.81 per diluted common share, compared to a net loss of ($1.7) million, or ($1.15) per diluted common share, in the same period the prior year. BYFC conducts its operations through its wholly-owned subsidiary, Broadway Federal Bank, f.s.b., which is the leading community-oriented savings bank in Southern California serving low to moderate income communities. More about BYFC at www.broadwayfederalbank.com.

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