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RMS Rms Systems Inc.

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Share Name Share Symbol Market Type
Rms Systems Inc. TSXV:RMS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

RMS Systems Inc. Announces Closing of Strategic Joint Venture Transaction

18/05/2012 9:24pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.


RMS SYSTEMS INC. (TSX VENTURE:RMS) (the "Company") announces that it has closed
the previously announced joint venture transaction with Phoenix Technology
Services Inc. ("Phoenix"). The joint venture transaction is described in the
Company's press release dated May 14, 2012.


About RMS:

RMS Systems Inc. has developed industry leading technologies (the "RigManager
System") which allows drillers of oil and gas wells to view the data that the
drill bit sees from the comfort of their own home, office or mobile device. The
RigManager Electronic Drilling Recorder ("EDR") allows the rig operators,
engineers, and geologists to monitor drilling progress in near real time without
actually being at the well location. RMS has developed hardware and software
solutions, with secure internet access that provides the foundation for drilling
information management. The RMS electronic data solutions are used to create
meaningful data analysis, increased productivity, and improved customer
satisfaction. The RMS system includes high speed access to drilling data,
customizable report generation, and the RMS communications system which provides
customers improved bandwidth, lower latency and improved voice quality over
systems that have historically been used in the EDR business. The RMS products
have been developed by RMS technicians meaning they are customizable to meet
customer needs. RMS is the developer of its software and utilizes licensed
industry proven data collection sensors in the RigManager System. The RMS vision
is to provide the most complete and interpretive electronic data using
up-to-the- minute network communications. More information concerning RMS can be
found at its website www.rigmanager.com and on SEDAR.


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