Pason Systems Inc. Announces Quarterly Dividend

 CALGARY, May 6, 2014 /CNW/ - Pason Systems Inc. (TSX:PSI) announced today that  the Board of Directors (with Mr. Jim Hill, the significant shareholder through  J.D Hill Investments Ltd., abstaining from voting) today declared a quarterly  dividend of fifteen cents (C$0.15) per share on the company's common shares.  The dividend will be paid on July 2, 2014 to shareholders of record at the  close of business on June 13, 2014.  Pursuant to the Canadian Income Tax Act, dividends paid by the Company to  Canadian residents are considered to be "eligible" dividends.  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.  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 include statements regarding the Company's decision to declare a  quarterly dividend; anticipated business prospects and financial performance  of Pason; expectations or projections about future strategies including  dividend 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 those with regards to the anticipated success of the  acquired business and the ability of the Company to integrate such business;  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  conditions.  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 ( or through Pason's website Furthermore, the 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.    SOURCE  Pason Systems Inc.  For more information about Pason Systems Inc., visit the company's  website or contact:  Marcel Kessler  President and CEO 403-301-3400  Jon Faber  Chief Financial Officer 403-301-3400  To view this news release in HTML formatting, please use the following URL:  CO: Pason Systems Inc. ST: Alberta NI: OIL DIV  
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