CDK Services Ltd.

CDK Services Ltd.

March 29, 2005 09:15 ET

CDK Announces Service Agreement/Additional BOP stack sales


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CDK SERVICES LTD.

TSX VENTURE SYMBOL: CDK

MARCH 29, 2005 - 09:15 ET

CDK Announces Service Agreement/Additional BOP stack
sales

CALGARY, ALBERTA--(CCNMatthews - March 29, 2005) - CDK Services Ltd.
(TSX VENTURE:CDK) (CDK) announces that its Key B.O.P. Service division
has been appointed an Authorized OEM Distributor and Repair Facility for
TOWNSEND INTERNATIONAL BOPS INC. of Odessa, Texas. This agreement,
combined with Key BOP's plan to obtain an ISO certification, will allow
the Company to expand its business, particularly with customers using
TOWNSEND equipment.

Key BOP has also received commitments for the sale of additional blowout
preventer (BOP) stacks to a major customer. These commitments represent
revenues of approximately $1,100,000 with deliveries expected over the
remainder of the year. Combined with previously announced sales, BOP
stack commitments for 2005 total approximately $2.7 million compared
with sales for the 12 months of fiscal 2004 of $1.4 million.

TOWNSEND INTERNATIONAL BOPS product line includes a variety of ram type
blowout preventers and two annular style preventers used in both the
well service and drilling industries. TOWNSEND's 30 year experience in
the industry has established it as an industry leader. TOWNSEND also
offers related products such as Closing Units, Spools, Double Studded
Adapters and Flanges. A better overview of TOWNSEND's product line can
be viewed at www.townsendbops.com.

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.