Change of Adviser

RNS Number : 6060L

Quadrise Fuels International PLC

03 August 2011

 



3 August 2011

Quadrise Fuels International Plc

("QFI" or "Quadrise" or the "Company")

Appointment of Broker

QFI, the emerging manufacturer and supplier of MSAR® emulsion fuels, a low cost alternative to heavy fuel oil in the global shipping, refining and steam and power generation markets, is pleased to announce the appointment of Westhouse Securities Limited ("Westhouse") as its broker with immediate effect.

Commenting on the appointment, Ian Williams, Chairman of Quadrise, said:

"We are delighted to have appointed Westhouse to advise and support the Company in this next important phase of our development. Westhouse has a strong and growing franchise in the oil and gas sector and a solid understanding of our business. The Westhouse team fully supports management's ambitions for growth and recognises the significant value potential of our group. Alongside Westhouse, we have also appointed Pelham Bell Pottinger as the Company's full service financial communications advisors.

Together, these appointments reflect the step change now underway in the Quadrise business and are in keeping with the additional support services the Company requires as we commercialise our low cost emulsion fuels for shipping and other heavy fuel oil users. The heavy fuel oil market is one of the largest global liquid fuels markets, valued at over US$350 billion per annum at present prices. The Quadrise MSAR® fuels provide significant commercial advantages over existing products for both our refining partners and end users."

-ENDS-

For Further Information:

Ian Williams, Executive Chairman Hemant Thanawala, Finance Director Quadrise Fuels International Plc	[phone]
Dr Azhic Basirov / Siobhan Sergeant Nominated Adviser Smith & Williamson Corporate Finance Limited	[phone]
Dermot McKechnie / Petre Norton Broker Westhouse Securities Limited	+ 44 (0)20 7601 6100
Philip Dennis / Nick Lambert / Rollo Critchton-Stuart Public & Investor Relations Pelham Bell Pottinger	[phone]

 

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