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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
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Zedi Inc. Announces Plans for Discontinuance of TELUS CDMA EVDO Service

25/10/2013 4:28am

Marketwired Canada


Zedi Inc. (TSX VENTURE:ZED) ("Zedi" or the "Corporation") announces it has
received notice from TELUS Communications that the TELUS CDMA EVDO service in
parts of British Columbia and Alberta will be discontinued effective March 31,
2014. Other TELUS CDMA service will not be affected and continue to operate.
Zedi understands that the CDMA bandwidth will be repurposed by TELUS to expand
their existing HSPA network, which is also currently used by the Corporation.
TELUS has committed to work very closely with Zedi staff to minimize the impact
to Zedi and to provide support. Zedi is diligently reviewing and assessing the
impact of this network change for that portion of the Zedi fleet that
communicates via CDMA, and is working with TELUS to develop a plan for the
transition to HSPA in a manner that minimizes any impact on our customers. While
the full impact of the discontinuance cannot be quantified at this time, Zedi
will provide updates as to any specific impacts arising from the network change
as more information becomes available.


FORWARD-LOOKING STATEMENTS

Certain statements and information contained in this news release may constitute
forward-looking information and statements within the meaning of applicable
Canadian securities legislation ("forward-looking statements"). The use of the
words "expect", "anticipate", "continue", "estimate", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are intended to
identify forward-looking statements. In particular, this news release contains
forward-looking statements relating to the discontinuance of TELUS' CDMA EVDO
service and the anticipated impact on the business, operations and assets of the
Corporation. 


The forward-looking statements contained in this news release are based upon a
number of factors, expectations and assumptions, which management believes to be
reasonable. However, such factors, expectations and assumptions may prove to be
incorrect and, as a result, undue reliance should not be placed on such
forward-looking statements. In particular, forward-looking statements relating
to the discontinuance of TELUS' CDMA EVDO service are based upon TELUS' stated
commitment to assist the Corporation in mitigating the risks of the
discontinuance and the availability and costs of alternatives available to the
Corporation to minimize any adverse impact on the Corporation.  


The forward-looking statements involve a number of risks and uncertainties which
could cause actual results to differ materially from those anticipated by the
Corporation and described in this news release. Such risks include, but are not
limited to, the Corporation being unable to transition instruments on the CDMA
EVDO service to alternative service in a timely manner and the failure of TELUS
to provide support to the Corporation in making any necessary transition.
Readers are cautioned that the foregoing list of factors is not exhaustive. 


The forward-looking statements contained in this news release are presented to
assist current and potential investors in assessing the value of the
Corporation's securities. The forward-looking statements contained in this news
release are expressly qualified by the foregoing cautionary statements and are
made as of the date of this news release. The Corporation does not undertake any
obligation to publicly update or revise any forward-looking statements, except
as required by applicable law. 


ABOUT ZEDI

Zedi Inc. (TSX VENTURE:ZED) helps the world's oil and gas producers be more
productive, more profitable, and more sustainable through technology backed by
expert consultation and services. Our 60 years of continuous operations in North
America and recognition as one of the industry's best workplaces, sets us apart
in the production operations landscape. With our unique combination of
award-winning automation, data management, and field and professional services,
we offer solutions to our customers' challenges and help them realize their
production potential.


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.


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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