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ZED Zedi Inc.

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Share Name Share Symbol Market Type
Zedi Inc. TSXV:ZED 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 -

PetroTiger Signs on as Zedi's First Reseller in South America

24/10/2012 11:19pm

Marketwired Canada


Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "We see this 3 year
reseller agreement with PetroTiger, a leading oil and gas service company
headquartered in Colombia, as an ideal vehicle to penetrate the South American
market. We selected PetroTiger as our first international reseller because their
production operations knowledge and skills enable them to look after a customer
from the sale through support. When we contemplated working with resellers, it
was important to us to protect Zedi's reputation as a provider of quality
products and services. We were delighted when our confidence grew in
PetroTiger's ability to deliver the same high level of service our existing
customer base enjoys as we worked with Hector and his team developing the terms
of our agreement," commented Matthew Heffernan, President and CEO of Zedi.


PetroTiger, a private company, is a member of the Tiger Companies Group. With
2,200 employees they operate out of offices in Colombia, Ecuador, Argentina,
Mexico and Panama. Their current customer base includes several Canadian
companies in addition to the Colombian major oil and gas producers. They are the
leading provider in the Colombian market of Well Testing Services, Early
Production Facilities and Oil Fields Operation & Maintenance.


Highlights of the reseller agreement between Zedi and PetroTiger include:



--  3 year initial term 
--  Exclusive rights in Colombia 
--  Non-exclusive rights in Ecuador, Peru, Mexico and Argentina 
--  Right to market and install field instrumentation for surveillance and
    control; SilverJack artificial lift; and the Zedi Access data management
    platform 



"We are a long-standing provider of fully out-sourced operations for oil and gas
producers, using a traditional 7 days a week, 24 hours a day, labor-based
delivery model. Introducing Zedi's technology in Colombia will not only increase
the value we can offer to our customers, at a reduced cost, but also improve our
own profitability because of the efficiencies we will realize. The Canadian
market, thanks in large part to companies like Zedi, has enjoyed the benefits
technology can provide for a number of years and we think now is the right time
for companies operating in Colombia to realize the same rewards," said Hector
Gutierrez, President of PetroTiger.


Zedi Inc. (TSX VENTURE:ZED) provides integrated services, applications, and
technology to oil and gas producers to help efficiently manage their production
operations. Having established a leadership position in our base market, we
continue to grow globally by operating in 25 countries around the world. Our
expertise helps producers increase revenue while reducing operating costs and
ensuring regulatory compliance.


Cautionary Statement Regarding Forward-Looking Information

Certain statements and information contained in this press release may
constitute forward-looking information within the meaning of applicable Canadian
securities legislation. Specifically, this press release contains statements
regarding Zedi's growth expectations, diversification and acquisition activity,
strategies, recurring revenue metrics and related expectations of
sustainability. These statements are based on certain assumptions and analysis
made by Zedi in light of its experience and its perception of historical trends,
current market conditions and expected future market developments, as well as
other factors it believes are appropriate in the circumstances. However, whether
actual results, performance or achievements will conform to Zedi's expectations
and predictions is subject to a number of known and unknown risks and
uncertainties which could cause actual results to differ materially from Zedi's
expectations. Consequently, all of the forward-looking information and
statements made in this press release are qualified by this cautionary statement
and there can be no assurance that the actual results or developments
anticipated by Zedi will be realized or, even if substantially realized, that
they will have the expected consequences to or effects on Zedi or its business
or operations. Except as may be required by law, Zedi assumes no obligation to
publicly update any such forward-looking information and statements, whether as
a result of new information, future events, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zedi Inc.
Debra Deane
Investor Relations
403-802-7092
403-444-1101 (FAX)
investor@zedi.ca

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