BOARD OF DIRECTORS
Matthew Flemming, age 50, is the Chief Executive Officer of SMG-Indium Resources and MG Cleaners, LLC. Mr. Flemming served as CEO of HII Technologies from 2011 until 2016. In 2011, HII was a small ‘public vehicle’ with about $300k in cash, no debt, and entered into the oilfield services business through an initial platform acquisition in frac water management.
Through several additional strategic acquisitions, he grew HII’s revenues to $4.2 million a month (an annualized rate of $ 50 million) within a period of 30 months. Unfortunately, the industry down-turn in 2015 resulted in pressured financial results and lower than expected operating profits, which subsequently lead to management’s decision to file chapter 11 bankruptcy in September 2015, later re-emerging in April 2016.
Mr. Flemming has been a CEO and CFO for twenty years in high growth, capital intensive businesses. He has over ten years working in a public company management environment. He has significant relationships in the oilfield market place which will help provide access to products and company acquisition targets. Mr. Flemming has a Bachelors of Arts, with a Finance concentration from the University of Houston.