Digital Oilfield Ranks #2 in the 19th Annual PROFIT 100 Ranking of Canada's Fastest-Growing Companies

    Attributes people and experience to its rapid growth

    CALGARY, ALBERTA & HOUSTON, June 4 /CNW/ - Digital Oilfield has been
ranked #2 of Canada's fastest-growing companies by PROFIT: Your Guide to
Business Success.

    Digital Oilfield's President and CEO Rod Munro credits people and
experience with the company's rapid growth from 2001 - 2006, resulting in a #2
ranking overall in the 19th annual PROFIT 100 ranking based on its percentage
revenue growth of 8,757% for the past five years.

    Rod Munro, Digital Oilfield's president and CEO, credits people and
experience with the company's exponential growth over the past five years. He
said, "The key to our success is our talented team who delivers innovative
technology and exceptional customer service. We are excited to be recognized
as one of Canada's fastest growing companies."

    Digital Oilfield provides hosted procurement and electronic invoicing
solutions to 20,000 users in 7,000 supplier and buyer companies. During the
past year, Digital Oilfield has expanded its core product offering with
additional modules and launched two new product lines, Daily Charge
Recorder(TM) and ProjectAccelerator(TM). In addition, the company has opened
new offices in London, England and Toronto, Ontario.

    Ranking Canada's fastest-growing companies by five-year revenue growth,
the PROFIT 100 profiles the country's most successful growth companies.
Published in the June issue of PROFIT and online at, the
PROFIT 100 is Canada's largest annual celebration of entrepreneurial

    "PROFIT 100 companies are the new heroes of Canadian business, creating
jobs at home and products used around the world," said Ian Portsmouth, editor,
PROFIT Magazine. "They've accomplished this by building great employee teams,
exploiting export markets and rapidly responding to the customer's
fast-changing needs."

    About Digital Oilfield Inc.

    Digital Oilfield is a leading SAAS (Software as a Service) company
providing hosted Internet solutions that improve operating company performance
by optimizing business processes between buyers and suppliers. The company's
suite of software enables companies to plan and execute capital and operating
budgets more efficiently by automating key business processes shared with
their supply chain. More than 20,000 users at over 7,000 companies use Digital
Oilfield solutions. The company's current product offering includes solutions
that automate the procurement to payment process (electronic invoicing, field
cost tracking, contracts management and hosted catalog procurement), and the
collaborative project lifecycle (collaborative project management, resource
scheduling, business process automation, and real-time cost management).

    Digital Oilfield provides software specifically designed to meet the
needs of companies that build and operate infrastructure, including companies
in oil and gas, mining, energy and construction. For more information, please
visit our website at

    About PROFIT Magazine

    PROFIT: Your Guide to Business Success, offers news, strategies, tips,
interviews and other resources to entrepreneurs leading Canada's
fastest-growing companies. Each year PROFIT - which currently reaches 370,000
readers nationally - hosts a number of events that bring together business
leaders in the fast-growth segment and champions the interests of those
leaders. PROFIT was founded in 1982 as Canada's first national magazine geared
to entrepreneurs. Visit

For further information:

For further information: Digital Oilfield Inc., Houston Marketing
Director Cindy Kelemen, 713-260-9693

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