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GASFRAC To Cut Staff, Focus On Western Canada, South Texas, Colorado,

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October 11, 2012

The board of directors of GASFRAC Energy Services Inc. has announced that they had commenced an operational review and restructuring of the management team at GASFRAC.

The company has determined that it is prudent to focus its near term growth opportunities on North America and specifically in Western Canada and in South Texas and Colorado in the USA. Concurrent with this focused growth, cost control is equally important. As a result, cost reductions will be realized both from staff reductions and other fixed cost reductions. Specifically:

The five sets of ...

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