- Increases Sales Backlog; Schedules Q2 results conference call -
MONTREAL, Aug. 6 /CNW/ - ProSep Inc. (TSX: PRP), dedicated to providing
process solutions to the oil and gas industry, announced that it has signed
new contracts with customers in each of its business units totaling $2 million
in value. ProSep will be providing the oil and gas companies with process
equipment and services to support their upstream production activities. As a
result of the contracts, ProSep's revenue backlog has increased to more than
"Since implementing a strategy that combines a diversified solution mix
with a structured sales effort in our North America, Europe and Asia Pacific
business units, we have been steadily gaining momentum," said Jacques L.
Drouin, President and CEO of ProSep Inc. "We continue to grow our
international base of customers and incrementally build our revenue backlog."
Schedules Q2 results conference call
The Company also announced that it will release its financial results for
the second quarter of 2008 on Wednesday, August 13, 2008 after 5:00 p.m. (ET).
Management will hold a conference call the following day, Thursday, August 14,
2008 at 8:30 a.m. (ET) to review the financial results and operating
highlights of the quarter.
CONFERENCE CALL DETAILS:
DATE: Thursday, August 14, 2008
TIME: 8:30 a.m. (ET)
DIAL IN NUMBER: 1-416-644-3423 or 1-800-595-8550
REFERENCE NUMBER: 21278898 followed by the number sign
TAPED REPLAY: 1-416-640-1917 or 1-877-289-8525
Available from Thursday, August 14th at 10:30 until
Thursday, August 21st at midnight.
A live audio webcast of the conference call will also be available
through www.prosepinc.com. Please connect at least 15 minutes prior to the
conference call to ensure adequate time for any software download that may be
needed to hear the webcast. An archived replay of the webcast will be
available for 90 days.
About ProSep Inc.
ProSep Inc., formerly known as TORR Canada Inc., is dedicated to
providing process solutions to the oil and gas industry. ProSep designs,
develops, manufactures and commercializes technologies to separate oil, water
and gas generated by oil and gas production. For more information, please
Caution concerning forward-looking statements
This press release contains forward-looking statements. Such statements
inherently involve numerous risks and uncertainties. Actual future results may
differ from the anticipated results expressed in the forward-looking
statements contained in this press release and ProSep does not undertake to
update this information. Investors are cautioned against placing undue
importance on forward-looking information contained herein and should consult
the final short form prospectus and the documents incorporated by reference
therein, which contain a more exhaustive analysis of risks and uncertainties
connected to ProSep's business
For further information:
For further information: ProSep Inc., Jacques L. Drouin, President &
CEO, (514) 522-5550 ext. 226, email@example.com; The Equicom Group Inc.,
Joe Racanelli, (416) 815-0700 ext. 243, firstname.lastname@example.org