CALGARY, ALBERTA — (Marketwired) — 09/12/13 — Canadian Energy Services & Technology Corp. (“CESTC” or the “Corporation”) (TSX: CEU)(OTCQX: CESDF) announced today that it will pay a cash dividend of $0.06 per common share on October 15, 2013, to the shareholders of record at the close of business on September 30, 2013.
CESTC is also pleased to announce today the appointment of Mr. Burton Joel Ahrens, J.D. to the Board of Directors. Since 1992, Mr. Ahrens has been President of The Edgehill Corporation, a diversified venture capital and money management company. He has been a director of several public and private corporations and is currently a Director of Sino-United Corporation. Mr. Ahrens received his B. A. degree from Cornell University in 1959 and his J.D. from Yale Law School in 1962, where he was an Editor of the Yale Law School Journal. He began his law career with Cravath, Swaine & Moore, and for 20 years was the founding Senior Partner of Feit & Ahrens, a firm specializing in oil and gas and venture capital matters. He was consultant to Senator Russell Long, Chairman of the Senate Finance Committee, on energy related matters. He has appeared as an expert witness on energy matters domestically and in an International Court of Arbitration. He has been active in a number of pro bono activities, including Chairman of the Northeastern region of AIPAC, President of the American Friends of Haifa University and a member of the Executive Committee of the Yale Law School.
About Canadian Energy Services & Technology Corp.
CESTC is a leading provider of technically advanced consumable chemical solutions throughout the life-cycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CESTC–s business model requires limited re-investment capital to grow. As a result, CESTC has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow. CESTC returns much of this free cash flow back to shareholders through its monthly dividend. Additional information about CES is available at or at CES– website at .
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Canadian Energy Services & Technology Corp.
Tom Simons
President and Chief Executive Officer
(403) 269-2800
Canadian Energy Services & Technology Corp.
Craig F. Nieboer, CA
Chief Financial Officer
(403) 269-2800