Real Time Measurements Inc.

Real Time Measurements Inc.

April 30, 2008 16:24 ET

Real Time Measurements Inc.: Mexico Services Contract

CALGARY, ALBERTA--(Marketwire - April 30, 2008) - Real Time Measurements Inc. (TSX VENTURE:RTY) (FRANKFURT:3TM) (the "Company") is pleased to announce that the Company has secured a two year $720,000 contract for the provision of downhole measurement services in Mexico. RTM will be working as a subcontractor to provide Memory Production Logging equipment, personnel and expertise to assist in the optimization and diagnosis of downhole production. Operations under the contract should begin in Mexico within the next two weeks. Mr. Matthews, CEO of RTY said "This is an important first step for RTY into the rapidly expanding Mexican market where there is a well established need for RTY expertise."

Real Time Measurements is a Canadian oil and gas technology development company that designs, builds and sells equipment and provides services to oil and gas companies in various parts of the world. The company uses innovative applications of recent technological developments to solve selected oil and gas upstream measurement problems in more efficient ways. The Company's primary business activity revolves around the commercial development of premium quality sensors and data gathering systems which are used primarily in oil and gas wells.

Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation including the completion of the $720,000 contract. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. Specifically, some of the material risks include not being able to complete the tasked described in the contract or if the oil and gas industry experiences a significant downturn. The forward-looking information contained in this news release represents the expectations of Real Time as at April 30, 2008, and, accordingly, is subject to change after such date. However, Real Time expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.

Contact Information

  • Real Time Measurements Inc.
    Terry Matthews
    President, CEO, Director
    (403) 720-3444
    Real Time Measurements Inc.
    4500 50th Avenue SE
    Calgary AB T2P 3R4