Enservco announces recent dismissal of class action litigation

Enservco Corporation provided a business update. The company said, “The Company recorded solid full year operational performance for 2023 that will be reported later this month. In addition, Enservco has seen a strong start to 2024. The Company further commented on the recent receipt of notice from the U.S. District Court for the District of Colorado that an order to dismiss the pending class action lawsuit against the Company and certain of its representatives has been issued. In addition, as part of Enservco’s focus on further elevating its investor relations efforts, the Company has engaged the services of Al Petrie Advisors. The firm is well known for their expertise in facilitating clear and impactful communication between companies and investors within the energy space.” Rich Murphy, Chairman and CEO of Enservco, commented, “We ended 2023 with improvements both operationally and financially. Entering 2024, we are optimistic that our hard work will continue to yield good results. We are off to a strong start with our revenue for the first two months of 2024 coming in 15% higher than the same period in 2023. We are also pleased with the dismissal of the class action litigation. We now look forward to focusing all efforts on the many internal and external growth initiatives we are evaluating to enhance our asset position and drive long-term value for shareholders. We look forward to keeping everyone apprised of our progress.”