December 20, 2007 19:05 ET

Baden Announces Early Warning Report

CALGARY, ALBERTA--(Marketwire - Dec. 20, 2007) - Baden Technologies Inc. ("Baden") (TSX VENTURE:BDZ) announces that Mr. Michael Edwards, of Calgary, Alberta, has acquired ownership and control of 1,200,000 common shares of Baden pursuant to the exercise of Common Share Purchase Warrants issued by Baden to the shareholder on January 10, 2006. With his previous holdings of 1,200,000 common shares of Baden, Mr. Edwards now holds 2,400,000 common shares of Baden which is equal to 12.68% of Baden's issued and outstanding common shares. The common shares of Baden were acquired for investment purposes only and additional common shares may be purchased on the open market.

Through its wholly owned subsidiary FSI International Services Ltd., Baden Technologies Inc. is a Calgary-based manufacturing and service company specializing in customized filtration, filtration-related technologies and Brine Plants for the international and domestic energy and chemical industries.

This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Baden to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, fluctuations in the market for oil and gas and related products and services, political and economic conditions, the demand for services provided by Baden, industry competition and Baden's ability to attract and retain both customers and key personnel.

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

Contact Information

  • Baden Technologies Inc.
    Ian Ball
    (403) 571-4230
    (403) 230-3106 (FAX)