Canadian Oilfield Solutions Corp. Appoints Chief Executive Officer
CALGARY, ALBERTA -- (Marketwire) -- 01/28/13 -- Canadian Oilfield
Solutions Corp. (the "Company") (TSX VENTURE:OTS), announces that Mr.
Ken Berg has been appointed as President and Chief Executive Officer
of the Company. Mr. Berg has served as a director and Chief
Operations Officer of the Company since October, 2012. Mr. Berg is a
Professional Engineer with over 25 years of oil and gas experience in
the exploration, production and services sectors. Mr. Berg brings
senior skills in strategic planning, organizational development,
sales, marketing and engineering. Mr. Berg was previously employed as
Vice President Sales with Sanjel Corporation ("Sanjel"), one of
Canada's largest private oilfield service companies with
approximately 4,000 employees across the globe. During Mr. Berg's
20-year history with Sanjel, he was instrumental in opening new
markets, including three years managing Sanjel's Denver sales office.
Mr. Berg also led initiatives for Sanjel in introducing fracturing,
coiled tubing services and steam-assisted gravity drainage (SAGD)
cementing in Canada.
The Company also announces that its website previously stated that
Phil D'Angelo, the Company's former Chief Executive Officer and
President, held a bachelor's degree when this was not the case. The
Company removed this statement from its website in late November
2012. Mr. D'Angelo has resigned as a director and officer of the
Company and will continue as President and director of the Company's
wholly owned Mexican subsidiary. For the nine months ended September
30, 2012, the Company's business in Mexico generated revenues of
$14.4 million USD which represents approximately 87% of the Company's
total sales during such period. Mr. D'Angelo joined the Company
approximately three years ago and has been instrumental in
re-organizing the Company's operations in Mexico and the United
States. The board of directors has full confidence in Mr. D'Angelo's
operational abilities and believes that these management changes will
allow Mr. D'Angelo to focus on the Company's fast growth business in
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Canadian Oilfield Solutions Corp.
President and Chief Executive Officer
(403) 543-0069 (FAX)
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