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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 -

Zedi Inc.: SilverJack Hydraulic Pumps Introduced to US Market and Q2 Earnings Conference Call

30/07/2012 9:02pm

Marketwired Canada


Zedi Inc. (the "Company") (TSX VENTURE:ZED) "One of the company's objectives
when we acquired Southern Flow was to have a vehicle to take Zedi's technology
into the US market. We have done that with Zedi SCADA, TrueChart and Zedi
Access. Today we are announcing that we have now taken SilverJack, our hydraulic
pump technology, to the US with the delivery of 5 units to Victoria, Texas. This
is important for two reasons; first because SilverJack addresses the larger US
oil market with technology that has been proven and had good penetration in the
Canadian market in a short period of time and second because it further
diversifies the products and services offered through our 12 Southern Flow
offices", said Matthew Heffernan, President and CEO of Zedi.


SilverJack was acquired by Zedi in June 2011, as the Company continued the
execution of its strategy to diversify into oil from its foundation of dominance
in the Canadian gas measurement market. The technology is targeted at lower
producing oil wells, which represent approximately 80% of the North American
market. Since the acquisition Zedi has expanded the capabilities of SilverJack
with the addition of rod rotation, the development of a multi-well, single power
pack pad solution and full integration into Zedi Access, which gives producers
visibility and control of their wells remotely.


The Company will announce 2012 second quarter financial results following the
close of markets on August 16, 2012 and will host a conference call on Friday,
August 17, 2012 to discuss the financial results. Analysts, members of the media
and other interested parties are invited to participate in the conference call,
which will begin at 9:00 am Mountain Daylight Time (11:00 am Eastern Daylight
Time).


The press release announcing results, financial statements and MD&A concerning
the 2012 second quarter financial results, will be posted on the Company website
www.zedi.ca prior to the conference call. You may participate in the call by
telephone at 416-340-8527 or toll free at 1-877-240-9772.


A replay of the conference call will be available on the Company website
(www.zedi.ca) for fourteen days following the call. Also, a replay may be
accessed by telephone at 905-694-9451 or toll free at 1-800-408-3053 until
August 24, 2012 (pass code: 6027909).


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.


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