HOUSTON - May 15, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company") (OTCBB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the first quarter ending March 31, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on May 15, 2013, first quarter 2013 revenues were $2,609,773, which generated a gross profit margin of $532,292. These revenues consist of AES Water Solutions as well as initial revenue contribution from South Texas Power and the AES Safety Services divisions, which were launched in late December 2012 and January 2013 respectively. AES Water Solutions generated revenues of $536,371 for the comparable period in 2012. Accordingly, this represents revenue growth for AES of more than 380% for the first quarter 2013, on a pro forma basis, from the comparable period in 2012.

For the first quarter ending March 31, 2013, the Company had Adjusted EBITDA of approximately $101,390, (EBITDA defined as earnings before interest, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDA is provided below. The Net Loss for the first quarter 2013 was $114,389.

Brent Mulliniks, President of AES Water Solutions stated, "We experienced good growth in the first quarter from both increased demand with existing customers and from expanded operations. AES incurred additional expenses as it established new areas of operations in the Permian Basin and the Cline Shale in West Texas as well as the Eagle Ford Shale in South Texas." Mr. Mulliniks continued, "New revenues are now being generated as a result of these expenditures."

"All three divisions, Water, Power and Safety, exceeded their revenue targets for the first quarter 2013," said Matthew Flemming, CEO of HII Technologies. "Our investments in people and equipment which used cash flow from existing operations should continue to fuel organic growth. Also, the Company continues to evaluate new technologies and potential acquisitions."

Mr. Flemming also confirmed that the Company's expansion into West and South Texas with AES Water Solutions frac water supply operations added new customers and generated additional revenues while reducing its overall customer concentration. Mr. Flemming continued, "The Company procured trailers, manifolds, and related equipment as well as sourced new labor for these strategic markets. Currently, we anticipate further growth in all three divisions in these active resource areas going forward."

Annual Meeting

HII Technologies is holding its annual stockholders meeting on Monday, June 17, 2013 in Houston, Texas. The Company is mailing a notice of meeting and proxy statement along with a copy of our annual report to all stockholders of record as of the record date April 29, 2013. A copy of the notice of meeting and proxy statement has been filed with the Securities and Exchange Commission as well. The Company will issue another press release at a later date with more details of this meeting.

About HII Technologies, Inc.

HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.

Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.

More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month

BC Residents and Investor Disclaimer: 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