Global Energy Services Ltd.

Global Energy Services Ltd.

November 02, 2011 13:55 ET

Global Energy Services Ltd.: Name Change to Raise Production Inc.

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2011) - Global Energy Services Ltd. (TSX VENTURE:GLK) ("Global" or the "Company") is pleased to announce its name change to Raise Production Inc. The change of name was supported and approved by shareholders at the Annual General and Special Meeting of the Shareholders held on September 7, 2011. Effective at the opening of trading today, the common shares of the Company commenced trading on the TSX Venture Exchange under the Raise Production Inc. name with the stock symbol RPC.

The name change will also be accompanied by a corporate-wide re-branding initiative. "With the completion of both the disposition of the communication business and the acquisition of the assets of Stellarton, Raise Production is the ideal brand to move forward and pursue new opportunities in our core service sector" said Eric Laing, President.

The Company is an innovative oilfield service company that focuses its efforts on the production service sector, building off of the recently completed acquisition of the assets of Stellarton Technologies Inc. as disclosed in prior news releases dated March 29, 2011, April 26, 2011 and June 17, 2011. The Company utilizes its patented products to enhance and increase ultimate production in both conventional and unconventional gas and oil wells, The Company was founded in 1994 and is listed on the Exchange.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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