/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES/
CALGARY, Jan. 5 /CNW/ - IROC Energy Services Corp. (TSX Venture Exchange: "ISC") announces the appointment today of Brad Fedora to the board of directors of the Company. Mr Fedora is the CEO and a director of Canyon Services Group Inc. Mr Fedora's appointment is subject to the receipt of all required regulatory approval and acceptance of the TSX Venture Exchange. IROC also announced that each of Jamie Biluk and Grant Fagerheim have advised the Company that they will be resigning from the IROC Board effective January 6th, 2010 due to increased time commitments from their other business ventures.
Tom Alford, President and CEO of IROC, commented that, "we are very pleased to have Brad Fedora join our board. Brad brings industry related experience plus a financial background that will benefit IROC both now and into the future." Mr Alford further commented, "we would like to thank both Jamie and Grant for their contributions to IROC over the years. Each of them played a key role in helping build our Company, especially given the operating environment faced during the past year. We wish both Jamie and Grant the best of luck with their other ventures."
IROC also announced that it has granted stock options to purchase a total of 482,873 to certain directors and officers of the Company, in accordance with IROC's current long term compensation policy. The stock options are exercisable at $ 0.62 per share for a period of five years.
Publicly reported information for IROC Energy Services Corp. is available at www.sedar.com.
About IROC Energy Services Corp.
IROC Energy Services Corp. is an Alberta oilfield services company that, through the IROC Energy Services Partnership, provides a diverse range of products, services and equipment to the oil and gas industry that are among the newest and most innovative in the WCSB and international markets. IROC combines cutting-edge technology with depth of experience to deliver a product and services offering in three core areas: Well Servicing & Equipment, Downhole Temperature & Pressure Monitoring Tools, and Rental Services. For more information on IROC Energy Services Corp. visit our website at www.iroccorp.com.
Certain statements contained in this press release may constitute forward looking statements concerning, among other things, expected revenues, expected expenses, profits, developments and strategies for IROC's operations all of which are subject to certain risks, uncertainties and assumptions. These forward looking statements are identified by their use of terms and phrases such as "anticipate", "continue", "estimate", "expect", "may", "will", "projected", "should", "believe" and other similar terms and phrases. By its nature, such forward looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. These risks include, but are not limited, to the risks associated with the oil and gas industry generally, fluctuating prices in crude oil and natural gas, changes in drilling activity, general global economic, political and business conditions, weather conditions, regulatory changes and availability of products, qualified personnel and manufacturing capacity and raw materials. If any of these uncertainties materialize, or if assumptions are incorrect actual results may vary materially from those expected. IROC relies on litigation protection for any forward looking statements.
This press release is not for dissemination in United States or to any United States news services. The Common Shares of IROC have not and will not be registered on the United States Securities Act of 1933, as amended (the "United States Securities Act") or any state securities laws and are not offered or sold in the United States or to any US person except in certain transactions exempt from the registration requirements of the United States Securities Act and applicable state securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE IROC Energy Services Corp.
For further information: For further information: IROC Energy Services Corp., Mr. Thomas M. Alford, President and CEO, Telephone: (403) 263-1110, email: firstname.lastname@example.org