HOUSTON and CALGARY, June 26 /CNW/ - Production Enhancement Group, Inc.
(TSX: WIS) ("PEG" or the "Company") today announced that Mr. Andre Brosseau of
Toronto, Ontario has resigned from the Board of Directors of the Company in
order to devote more time to his other business obligations. Mr. Brosseau was
appointed to PEG's Board in the fourth quarter of 2006.
"On behalf of the Board, I thank Andre for his guidance and advice during
his tenure as a director," said Philip C. Crawford, President and CEO of PEG.
"He has been very helpful in assisting us to grow and develop our
technology-driven multifunctional well intervention business."
About Production Enhancement Group
Production Enhancement Group, a Houston-based energy services company
incorporated in Alberta, Canada, trades on the TSX under the symbol WIS. PEG's
wholly owned subsidiary, WISE Well Intervention Services, Inc., has developed
patented WISE(TM) multifunction coiled tubing technologies and markets a full
range of coiled tubing and pressure pumping services.
WISE is a trademark of Production Enhancement Group, Inc.
The TSX does not accept responsibility for the adequacy or accuracy of
This release and PEG's website referenced in this release may contain
forward-looking statements, including expectations of future components of
cash flow and earnings. Investors are cautioned that assumptions used in the
preparation of such information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those
predicted, a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of PEG. These risks
include, but are not limited to the risks associated with the oil and gas
industry, commodity prices, and exchange rate changes. Industry related risks
could include, but are not limited to operational risks in exploration,
development, and production, delays or changes in plans, and health and safety
risks, including, without limitation, costs and expenses. The risks outlined
above should not be construed as exhaustive. Investors are cautioned not to
place undue reliance on any forward-looking information. PEG undertakes no
obligation to update or revise any forward-looking statements.
For further information:
For further information: visit www.productionenhancement.com or contact:
R. Douglas Parker, Chief Financial Officer, Production Enhancement Group,
Inc., (281) 282-1812, firstname.lastname@example.org; Ken Wetherell,
Investor Relations, Bryan Mills Iradesso, (403) 503-0144 x224,