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 remediation work.
"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.
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