Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Bitcoin and Blockchain Stocks    8020 Connect

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Energy Stock News: Enterprise Group (TSX: $E.TO) Deploys Proprietary Asset Tracking & Dispatch Software "Star" to Lower Costs and Increase Margins

Investorideas.com featured energy company - Enterprise Group (TSX: E)

 

St. Albert, AB - April 10, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Company" or "Enterprise") (TSX:E), a consolidator of services to the energy sector; focused primarily on specialized equipment rental, announced today that it has implemented its proprietary dispatch & asset tracking software known as "Star" to further cut costs and improve margins.

Star, tracks and reports utilized assets, which provides the Fleet Manager the ability to ensure the highest level of service to the client: In turn, lower costs while delivering maximum equipment performance.

When Enterprise Group (TSX:E) acquired Westar Oilfield Rentals in 2014, the management team was working on a business management & dispatch software.

After exhaustive and unsuccessful efforts in sourcing an effective software solution, it was apparent that the group needed to develop this system in house. Enterprise continued to fund and upgrade the project resulting in this unique and proprietary technology asset, critical to the profitability and cost mitigation of all the Company's subsidiaries.

"With the components developed, we began process mapping our existing business operations. As a result, we were able to considerably reduce our administrative costs by automating many of the human elements," stated Des O'Kell SVP of Enterprise Group. "Furthermore, with its implementation, the cost benefits that emerged from asset tracking are substantial."

This approach keeps the customer up and running and ensures other expended revenue and protection of the asset. The software is comprised of 18 components that work together and exchange information over a central database. Early results confirmed improved metrics including lowering costs and raising margins.

With Star successfully deployed in all our rental divisions, Enterprise Group now has a proprietary and custom software designed explicitly for its business.

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of services to the energy sector. The Company's focus is primarily on specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E)

is a featured company on Investorideas.com

Visit Profile page: http://www.investorideas.com/CO/TSXE/

Get News Alerts on Enterprise Group, Inc.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 12018 for four months -five thousand per month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

Oil and Gas Stocks investor research at OilandGasStockNews.com

OilandGasStockNews.com- investing ideas in oil and gas stocks

Like Oil and Gas Stocks? View our Oil and Gas Stocks Directory  Get News Alerts on Energy Stocks