CALGARY, July 4, 2013 /CNW/ - Pason Systems Inc. (TSX: PSI) is donating
$100,000 to the Calgary Foundation to support their flood relief
program, and is matching employee donations to the Foundation up to
another $100,000. Additionally, Pason is facilitating volunteer efforts
for employees to actively assist residents in flood impacted areas with
"In the wake of these devastating floods, it is heartening to see the
community spirit and kindness of southern Albertans as they band
together to help and support each other. As a responsible corporate
citizen, Pason would like to do its part to aid in the recovery
efforts," said Marcel Kessler, President and CEO of Pason.
The Calgary Foundation has established a Flood Recovery and Rebuilding
Fund to support Alberta communities (including Calgary, High River,
Canmore, and surrounding First Nations) through recovery and the next
wave of needs in the area. The Fund does not charge an administrative
fee or a credit card transaction fee, so 100% of donations are directed
to areas in need. The Calgary Foundation provides funding and support
to shelter and food programs, rebuilding neighborhoods and public
spaces, and addressing mental health concerns. For more information and
to donate to the Calgary Foundation, please visit their website at http://www.thecalgaryfoundation.org/.
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.
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.
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.
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.
SOURCE: Pason Systems Inc.
For further information:
For more information about Pason Systems Inc., visit the company's website at www.pason.com or contact:
President and CEO
Chief Financial Officer