CDK Services Ltd.

CDK Services Ltd.

February 24, 2005 09:00 ET

CDK Announces Additional BOP Stack Sales


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CDK SERVICES LTD.

TSX VENTURE SYMBOL: CDK

FEBRUARY 24, 2005 - 09:00 ET

CDK Announces Additional BOP Stack Sales

CALGARY, ALBERTA--(CCNMatthews - Feb. 24, 2005) - CDK Services Ltd. (TSX
VENTURE:CDK) (CDK) announces that its Key B.O.P. Service division has
received commitments for the sale of ten blowout preventer (BOP) stacks
to a major customer. These commitments represent revenues of
approximately $800,000 and are expected to be delivered over the next
six months. Combined with previously announced sales, BOP stack
commitments for 2005 total approximately $1.6 million compared with
sales for the 12 months of fiscal 2004 of $1.4 million.

CDK Services Ltd. is an emerging oilfield services company whose product
offering includes the patented Emission Eliminator chemical pump. The
Emission Eliminator reduces operating costs and greenhouse gas emissions
at natural gas installations by utilizing a small pressure differential
from the wellhead to the flow line to power methanol chemical injection
pumps, which prevent hydrates from forming at the wellhead. The CDK pump
returns the exhaust gas to the sales line eliminating wellhead
atmospheric emissions. The Emission Eliminator offers significant
economic benefits to customers while enhancing safety and landowner
relations. Operators can sell gas now being emitted to the atmosphere
from sweet gas facilities, eliminate the need for propane at sour gas
facilities and may accumulate carbon credits for greenhouse gas
reductions. The Emission Eliminator addresses issues in the recently
ratified Kyoto agreement and the updated Alberta Energy and Utilities
Board Guide 60 on the emission of fugitive gases from well sites. The
Company's growing base businesses provide valve and BOP sales and
service solutions to the oil and gas and other industries in Western
Canada.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CDK Services Ltd.
    Wayne Thomson
    President and CEO
    (403) 319-2027
    Email: wthomson@telusplanet.net
    or
    CDK Services Ltd.
    Mark Hopkins
    COO/CFO
    (403) 319-2026
    Email: mhopkins@cdkservices.com
    Website: www.cdkservices.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.