Telford Services Group, Inc.
TSX VENTURE : TLF

July 24, 2009 15:57 ET

Telford Services Group, Inc.: News Release

CALGARY, ALBERTA--(Marketwire - July 24, 2009) -

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Telford Services Group, Inc. (TSX VENTURE:TLF) ("Telford") announced today that all conditions of the offer dated June 15, 2009 by Aviation Acquisitions Inc. ("Aviation") to acquire all of the outstanding common shares of Telford (the "Telford Shares") at a price of $0.10 per share (the "Offer") have been satisfied. An aggregate of 15,130,781 Telford Shares, which represents approximately 83.09% of the issued and outstanding Telford Shares, excluding those Telford Shares currently owned by Aviation, were tendered by the Offer deadline.

Aviation proceeded with the Offer and took-up and paid for the Telford Shares deposited pursuant to the Offer at a price of $0.10 per Telford Share on July 24, 2009. Aviation has also extended the Offer until 5:00 p.m. (Calgary time) on August 3, 2009. Telford shareholders are encouraged to tender their Telford Shares to the extended Offer. If less than an aggregate of 90% of the Telford Shares have been deposited to the Offer prior to the extended expiry time, Aviation may further extend the Offer or implement other procedures to complete its acquisition of all of the Telford Shares.

ABOUT TELFORD AND AVIATION

Telford is a public company formed to provide services to businesses primarily involved in the oilfield exploration and development activities of the oil and gas industry. Telford is engaged in aircraft charter and cargo aircraft services principally to oil and gas companies and operates an aircraft fuelling and maintenance facility. In addition, Telford provides a variety of services exclusively to the oil and gas industry throughout Western Canada, including oilfield construction, maintenance and reclamation.

Aviation Acquisitions Inc. is a new private Alberta company whose main business is to finance and invest in projects in the aviation industry.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Telford Services Group, Inc.
    Al J. Kroontje
    President
    (403) 215-4830 ext. 2025