Stock Exchange: TSX
Symbol: PSI

CALGARY, Jan. 17 /CNW/ - Pason Systems Inc., is pleased to announce the appointment, effective immediately, of David Elliott to the position of Chief Financial Officer (CFO). 

In the role of CFO, Mr. Elliott will report directly to Mr. Jim Hill, Chairman, President and CEO and will have direct responsibility for the corporate accounting, finance, forecasting, treasury, auditing, tax and financial reporting activities. He will oversee the management and coordination of all fiscal reporting activities for the organization to ensure that Pason meets all external reporting requirements and regulations for all the countries in which we operate, and he will also act as the chief financial spokesperson to internal and external stakeholders. Mr. Elliott will also retain responsibility as Pason's Corporate Treasurer.

Mr. Elliott brings more than 20 years of finance and accounting experience and a great deal of Pason experience to the role. For the past 4 years, Mr. Elliott has been at Pason in the role of Corporate Treasurer, and has fulfilled the requirements of that position admirably. Prior to joining Pason, David was the Treasurer for United Farmers of Alberta, which is the largest retail co-operative in Canada. He has also held senior finance positions with Canada Safeway and Turbo Resources.

Mr. Elliott graduated from the University of Calgary with a Bachelor of Commerce, and articled and obtained his Chartered Accountant designation with Deloitte Haskins & Sells, in Calgary.

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 and sold 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.

SOURCE Pason Systems Inc.

For further information:

about Pason Systems Inc., visit the company's website at or contact:

Jim Hill
Chairman, President, and CEO

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