Divestco Inc.

Divestco Inc.

June 01, 2006 17:30 ET

Divestco Announces Conditional Approval for Listing on the Toronto Stock Exchange

CALGARY, ALBERTA--(CCNMatthews - June 1, 2006) - DIVESTCO INC. (TSX VENTURE:DVT) ("Divestco" or the "Corporation") is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange, subject to fulfilling certain conditions. It is the intent of the Corporation to meet the conditions within the next few weeks. Once the Corporation is listed on the TSX, it will de-list from the TSX Venture Exchange.

Mr. Stephen Popadynetz, Chief Executive Officer of Divestco commented; "We are very pleased that we are able to make this move and grow within the TSX Group. We have enjoyed our time on the TSX Venture Exchange and look forward to continued growth and success on the Toronto Stock Exchange."

Divestco is an innovative software, data, services, and consulting company providing integrated solutions for the oil and gas industry. By implementing a strategy of integration between our software, services, and datasets, and potentially all three together, we are creating a unique set of offerings. Divestco is headquartered in Calgary, Alberta, Canada and trades on the TSX Venture Exchange under the symbol "DVT".

Statements in this document that may be considered forward-looking are based on management's current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated.

Divestco Inc. was recognized as a TSX Venture 50™ company in 2005. TSX Venture 50 is a trademark of TSX Inc. and is used under license. The TSX Venture 50™ are the top 10 companies in each of five major industry sectors - mining, oil & gas technology, life science and diversified industries - based on a ranking formula with equal weighting given to one-year revenue (last reported 12 months), return on investment, market cap growth and trading volume. All data was as of August 31, 2005. The 2005 TSX Venture 50™ is not an invitation to purchase securities listed on Toronto Stock Exchange and/or TSX Venture Exchange. TSX Group Inc. and its affiliates do not endorse or recommend any securities referenced in this ranking. Neither TSX Group Inc. nor its affiliated companies represent, warrant or guarantee the accuracy or the completeness of the information. You should not rely on this information contained herein for any trading, business or financial purposes. TSX Group Inc. and its affiliates assume no liability for any errors or inaccuracies herein or any use or reliance upon this information.

The TSX Venture Exchange has not reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Divestco Inc.
    Mr. Stephen Popadynetz
    Chief Executive Officer
    (403) 218-6466
    Divestco Inc.
    Mr. Roderick Chisholm
    Chief Financial Officer
    (403) 218-6450
    Website: www.divestco.com