PASON SYSTEMS INC. - MANAGEMENT CHANGE

News provided by

Pason Systems Inc.

Dec 06, 2010, 19:13 ET

Stock Exchange: TSX
Symbol: PSI

CALGARY, Dec. 6 /CNW/ - Pason Systems Inc. announced today that Mr. James (Jim) Glasspoole, Chief Financial Officer, has left the Company and will be pursuing other opportunities. The responsibilities of CFO will be assumed on an interim basis, by Mr. James (Jim) Hill, President, and CEO.

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.

For additional information visit the Company's website at www.pason.com

For further information:

Jim Hill
Chairman, President, and CEO
403-301-3401
[email protected]m

Organization Profile

Pason Systems Inc.

Pason is the leading global provider of specialized data management systems for land-based and offshore rigs worldwide. Our rental solutions—which include data acquisition, wellsite reporting, remote communications, and web-based information management—enable collaboration...