MATRRIX Energy Technologies Inc. announced the appointment of Matthew Andrade, CFA as a director of the corporation effective December 19, 2014. Mr. Andrade is a resident of Calgary and is the Director, Investments for Werklund Capital Corporation. He is primarily responsible for the public equities and tradable debt portfolio with additional responsibilities for various private equity files and new venture evaluation. In addition to his investment experience, Mr. Andrade has significant transactional experience in the oil & gas and oilfield services industry. He is the President of the CFA Society Calgary and is the global Chair of the CFA Institute's Disciplinary Review Committee.

The corporation also announced that it has entered into a $5 million revolving operating loan facility with a Canadian based lender. The facility bears interest of prime plus 1% and will be used for general corporate purposes. The facility provides for an annual review with on May 31 of each year and is repayable on demand by the lender. The company is currently debt free and will primarily use the facility to manage seasonal fluctuations in its cash flow.