Pason Systems Inc. reports additional second quarter MD&A information



    
    Stock Exchange: TSX
    Symbol: PSI
    

    CALGARY, Aug. 5 /CNW/ - Pason Systems Inc. ("Pason" or "the Company")
wishes to clarify certain information disclosed in its second quarter 2009
MD&A released yesterday, August 4, 2009. During the second quarter of 2009,
the Company reclassified data hub revenue previously included in Drilling
recorder rentals to Communications rentals. Data hub revenue is a new revenue
stream as of 2009 and is generated in Canada only and amounted to $1.0 million
on a year to date basis. Had the first quarter been presented on the same
basis, EDR revenue per rental day would have been $310 instead of the $337
reported on May 4, 2009. The Company regrets any confusion concerning this
matter.

    Pason Systems Inc. is the world's largest provider of rental oilfield
instrumentation systems that are designed and manufactured for use on
land-based drilling and service rigs. Pason offers a tightly integrated
package of complex services, including data acquisition, wellsite reporting
software, remote communications and Internet information management tools.
    Pason's common shares trade on the Toronto Stock Exchange under the
symbol PSI. Additional information on Pason is available on SEDAR at
www.sedar.com or visit the Company's website at www.pason.com.





For further information:

For further information: Pason Systems Inc., Jim Hill, President and
CEO, Phone: (403) 301-3401, Fax: (403) 301-3499, E-mail: jim.hill@pason.com;
Jim Glasspoole, Chief Financial Officer, Phone: (403) 692-3840, Fax: (403)
301-3411, E-mail: jim.glasspoole@pason.com


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