Pason Systems Inc. Increases Semi-Annual Dividend

Stock Exchange: TSX

Symbol: PSI

CALGARY, Nov. 2 /CNW/ - Pason Systems Inc. today declared an increase in its semi-annual dividend to seventeen cents (C$0.17)from sixteeen cents (C$0.16) per share on the Company's common shares. The dividend will be paid on January 3, 2011 to shareholders of record at the close of business on December 15, 2010.

The Board of Directors of Pason Systems Inc. (with Mr. Jim Hill, the significant shareholder through J.D. Hill Investments Ltd., abstaining from voting) declared the dividend upon recommendation of a Special Committee of independent directors. The increase marks the third consecutive increase in the semi-annual dividend. It also represents the largest per share increase over a 12-month period in Pason's history and reflects the Board's confidence in the financial strength of the Company and its business prospects. The Special Committee considered the advisability and fairness of this semi-annual dividend as part of its adoption of a semi-annual dividend policy in November of 2003.

Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be "eligible" dividends.

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]; Jim Glasspoole, Chief Financial Officer, 403-692-3840, [email protected]