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October 11, 2011 17:15 ET
Global Energy Services Ltd. Completes Sale of the Business and Assets of Its Communications Division
CALGARY, ALBERTA--(Marketwire - Oct. 11, 2011) -Global Energy Services Ltd. (TSX VENTURE:GLK) ("Global" or the "Company") is pleased to announce that, further to its news release of July 21, 2011, it has, subject to receipt of final TSX Venture Exchange Approval, completed the non-arm's length sale of the business and assets of its Communications Division to 1610635 Alberta Ltd., a private Alberta company fifty percent owned by a director of Global.
Global is an innovative oilfield service company that focuses its efforts on the production service sector, building off of the recently completed acquisition of the assets of Stellarton Technologies Inc. as disclosed in prior news releases dated March 29, 2011, April 26, 2011 and June 17, 2011. The production services segment utilizes its patented Activator Hydraulic Submersible Pump ("HSP") to enhance and increase ultimate production in both conventional and unconventional gas, oil, and CBM wells. Global was founded in 1994 and is listed on the Exchange.
More information about Global Energy Services can be found at [ http://www.global-energy.ca ].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.