Profire Energy Announces the Retirement of CTO Harold Albert

Harold Albert, Chief Technology Officer to Retire from Position of CTO, Effective March 1, 2017

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| Source: Profire Energy

LINDON, Utah, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ:PFIE), a technology company that creates, installs and services burner management systems and other combustion technologies for the oil and gas industry, today announced that Harold Albert, the Company’s Chief Technology Officer, is retiring as CTO as of March 1, 2017, for personal reasons associated with his wife’s health challenges and other family matters.  Mr. Albert is a Co-Founder of Profire and has been with the Company since 2002. Mr. Albert will continue to serve as a member of the Company’s Board of Directors and provide other support on a consulting basis as needed from time to time.

“Working with the Profire team has been an extraordinary experience,” expressed Mr. Albert. “It’s been an exciting adventure to see the Company grow from a small operation to what it is today. I want to thank everyone at Profire for helping to build this Company.  I am proud of where Profire is today, and I believe Profire is well positioned for further growth and success.  Although I am stepping back from day-to-day operations, I am excited to continue on as a Director in order to help drive increased value for all shareholders of Profire.”

Profire’s Chief Executive Officer, Brenton Hatch, remarked on Harold’s contributions and partnership:

“Harold and I began this adventure 15 years ago. He was instrumental in helping grow the Company from a small regional oil field service provider to where it is now.  Profire would not be where it is today without his contribution and hard work over the years, and I want to personally thank him for all he’s done for Profire.  We wish Harold and his family all the best in his retirement.  We will be forever grateful for Harold’s contributions and leadership as we continue to position ourselves as an industry leader. While Harold will be missed, Profire has excellent management and staff capable of delivering best-in-class products and remains committed to creating value for our shareholders.”

About Profire Energy, Inc.
Profire Energy assists energy production companies in the safe and efficient production and transportation of oil and natural gas. As energy companies seek greater safety for their employees, compliance with more stringent regulatory standards, and enhanced margins with their energy production processes, Profire Energy's burner management and chemical injection systems are designed to be part of their solution. Profire Energy has offices in Lindon, Utah; Houston, Texas; Shelocta, Pennsylvania; Greeley, Colorado; and Edmonton, Alberta, Canada. For additional information, visit www.profireenergy.com

Cautionary Note Regarding Forward-Looking Statements. Statements made in this release that are not historical are forward-looking statements. This release contains forward-looking statements, including, but not limited to statements regarding the ability of the Company to achieve further growth and success, deliver best-in-class products and create future value for shareholders. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, public market and regulatory risks and factors identified in the Company's periodic reports filed with the Securities and Exchange Commission. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, except as required by law. Readers should not place undue reliance on these forward-looking statements.

Contact:
Profire Energy, Inc.
Ryan Oviatt, CFO
(801) 796-5127