CALGARY, Sept. 28, 2012 /CNW/ - Pason Systems Inc. (TSX: PSI) announced today
that Bob Rodda, Chief Revenue Officer, will retire at the end of 2012.
Bob Rodda joined the company in 1997 as the Field Operations Manager and has
held numerous senior positions since then, including General Manager of the
Canadian Business Unit, Chief Operating Officer and most recently Chief
The responsibilities assigned to the position of Chief Revenue Officer will be
redistributed among the President and other members of senior management.
The Board of Directors would like to thank Mr. Rodda for his invaluable
contributions during his period of service.
Pason Systems Inc.
Pason Systems Inc. is a leading provider of instrumentation systems to
land-based and offshore drilling rigs worldwide. The company's rental
solutions, which include data acquisition, wellsite reporting, remote
communications, and web-based information management, maximize rig uptime,
improve work efficiency, and minimize operating costs. Pason's common shares
trade on the Toronto Stock Exchange under the symbol PSI.
For more information about Pason Systems Inc., visit the company's website at
www.pason.com or contact:
Certain information regarding the Company contained herein may constitute
forward-looking information under applicable securities law. The words
"anticipate", "expect", "believe", "may", "should", "will", "estimate",
"project", "outlook", "forecast" or other similar words are used to identify
such forward-looking information and statements. Forward-looking statements
in this document may include statements, express or implied regarding the
anticipated business prospects and financial performance of Pason;
expectations or projections about future strategies and goals for growth and
expansion; expected and future cash flows and revenues; and expected impact of
future commitments. These forward-looking statements are based upon various
underlying factors and assumptions, including the state of the economy and the
oil and gas exploration and production business, in particular; the Company's
business prospects and opportunities; and estimates of the financial and
operational performance of Pason.
Forward-looking information and statements are subject to known or unknown
risks and uncertainties that may cause actual results to differ materially
from those anticipated or implied in the forward-looking information and
statements. Risk factors that could cause actual results or events to differ
materially from current expectations include, among others, the ability of
Pason to successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the operating
performance of Pason's assets and businesses, the price of energy commodities,
competitive factors in the energy industry, changes in laws and regulations
affecting Pason's businesses, technological developments, and general economic
Readers are cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Such forward looking
statements, although considered reasonable by management as of the date
hereof, may prove to be incorrect and actual results may differ materially
from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
Additional information on risks and uncertainties and other factors that could
affect Pason's operations or financial results are included in Pason's reports
on file with the Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com or through Pason's website
www.pason.com). Furthermore, any forward looking statements contained in
this news release are made as of the date of this news release, and Pason does
not undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by securities law.
Marcel Kessler President and CEO 403-301-3400 firstname.lastname@example.org
David Elliott Chief Financial Officer 403-301-3441 email@example.com
SOURCE: Pason Systems Inc.
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-0- Sep/28/2012 20:00 GMT
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