Aveda Transportation & Energy Services Releases Record Results for Periods Ended December 31, 2014 - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - April 2, 2015) - Aveda Transportation and Energy Services (TSXV: AVE) released record results for the three and twelve month periods ended December 31, 2014. Aveda, a leading provider of oilfield hauling services and equipment rentals to the energy industry, reported revenue of $45.9 million for the 3 months ended December 31, 2014, an increase of 110.6% compared with the $21.8 million reported in the 4th quarter of 2013.

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Looking closer at these numbers, shows US revenues increasing by 132.1%, with Canadian revenues up by 56.5%.

Adjusted EBITDA for the 4th quarter came in at $8.3 million, an increase of 173.1% compared with the $3.1 million reported in the comparable quarter in 2013.

The company repaid loans and borrowings of $10.1 million in the quarter from cash flow and expects to continue to reduce its debt in the 1st quarter of 2015.

The numbers for the full year were also impressive, with revenue hitting $155.9 million, an increase of 75.8% compared with $88.7 million for 2013. The full year's adjusted EBITDA was $24.5 million, an increase of 63.1% over the $15.0 million reported in 2013.

The company has an impressive blue chip customer base, and with 80% of the company's revenues coming from the US, the strong US dollar helped offset some of the challenges currently facing companies in the oil & gas industry.

Kevin Roycraft, President and CEO of Aveda stated: "In 2014 we continued to execute on the growth strategy laid out three years ago as the Aveda team completed two transformational acquisitions and an organic expansion to Oklahoma that positioned the company as one of the largest energy transportation companies in North America."

Following a number of significant acquisitions during 2014, Aveda has the most geographically diverse footprint of any rig moving company in North America, with current terminal locations covering approximately 81% of the potential North American Market.

Bharat Mahajan, Vice President, Finance and CFO stated: "The Company remains well capitalized and well positioned to thrive and weather the current downturn. With $16.8 million in working capital, a debt to total capitalization ratio of 41.0% and debt to EBITDA of approximately 2 times, we have a strong balance sheet. This financial flexibility will allow the Company to seize on opportunities these current industry conditions may offer."

Aveda will be presenting at the 2015 Bristol Capital Smart Conference on April 2nd at 11:00 am Eastern Standard Time. The presentation is available live at https://event.webcasts.com/starthere.jsp?ei=1058284 and will be archived for 6 months.

During the last three months, the company purchased 844,000 shares, at an average price of $2.11, under its Normal Course Issuer Bid program, and will continue to purchase shares when appropriate.

For more information, and to review Aveda's MD & A, news releases, and for a detailed list of risk factors, please visit the company's website www.avedaenergy.com, contact Bharat Mahajan CFO at 403-264-5769 or email bharat.mahajan@avedaenergy.com.

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