Chief Revenue Officer Bob Rodda Retires
September 28 2012 - 3:00PM
PR Newswire (Canada)
CALGARY, Sept. 28, 2012 /CNW/ - Pason Systems Inc. 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 Revenue Officer. 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 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 (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. Pason
Systems Inc. CONTACT: Marcel Kessler President and
CEO403-301-3400marcel.kessler@pason.comDavid ElliottChief Financial
Officer403-301-3441david.elliott@pason.com
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