FSI Energy Services Inc. Announces Third Quarter 2010 Financial Results

Richard Ball, Chief Executive Officer of FSI Energy Services Inc. (TSX
VENTURE:FSI) (formerly Baden Technologies Inc.), is pleased to announce
financial results for the three and nine months ended September 30, 2010. 


The third quarter of 2010 again saw a decrease in revenue ($589,383 - 2010;
$1,366,372 - 2009). Revenue in the Canadian segment was down 57% year-to-year,
reflecting increased competitive pricing and contract bid requirement pressures.
As announced in May, however, the Company anticipates increased demand for
refurbishment parts and services resulting from continuous operation of the
brine plants manufactured by the Company, of which there are currently 21 in
operation in West Siberia. The company also anticipates at least one contract
for Russian brine plant to be signed within the next two months.


FSI is also continuing its aggressive cost-cutting program in order to respond
to the variations in revenue streams, and is continuing to pursue the
previously-announced private placement with the intention of increasing working
capital.


More in-depth analysis of financial results is contained within the company's
Management Discussion and Analysis, and available on SEDAR.


Through its wholly owned subsidiary FSI International Services Ltd., FSI Energy
Services Inc. is a Calgary- based manufacturing and service company specializing
in customized filtration, filtration-related technologies and Brine Plants for
the international and domestic energy and chemical industries.


This press release contains forward-looking statements subject to various risk
factors and uncertainties, which may cause the actual results, performances or
achievements of FSI to be materially different from any future results,
performances or achievements expressed or implied by such forward-looking
statements. Such factors include, but are not limited to, fluctuations in the
market for oil and gas and related products and services, political and economic
conditions, the demand for services provided by FSI, industry competition and
FSI's ability to attract and retain both customers and key personnel.