Phoenix Names VP, Finance



Phoenix Oilfield Hauling announced that Bharat Mahajan has been appointed Vice President, Finance of the Company, subject to the approval of the TSX Venture Exchange.

Mr. Mahajan most recently was the Chief Executive Officer of NavNet Inc., a private company that designs, develops and manufactures home automation solutions. Prior thereto, Mr. Mahajan held positions as Chief Financial Officer for WellPoint Systems Inc., a company specializing in software for the oil and gas industry and Vice President, Finance and Chief Financial Officer for Norex Exploration Services Inc., a seismic exploration company. Mr. Mahajan holds a Bachelor of Arts Degree from the University of Toronto and is a Chartered Accountant. Mr. Mahajan will start with Phoenix on October 31, 2011.

Vic Fitch will remain as Interim Chief Financial Officer of Phoenix.

David Werklund, Interim President and Chief Executive Officer of the Company stated, "We are very pleased to have Bharat join our team. His business knowledge and financial expertise will be key to the Company's success moving forward."