Impax Energy Services Income Trust

Impax Energy Services Income Trust

December 22, 2008 16:24 ET

Impax Announces Resignation of Trustee and Director

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2008) - Impax Energy Services Income Trust ("Impax") (TSX:MPX.UN) announces the resignation effective immediately of Steven Mulherin from the Board of Trustees of Impax Energy Services Income Trust and Impax Energy Services Operating Trust and from the board of directors of Impax Energy Services Ltd.

Mr. Ray Cej, Chairman of Impax, said "We would like to thank Mr. Mulherin for his contributions to Impax and for his valued service on the Board of Trustees and Board of Directors."

Impax Energy Services Income Trust is an open-ended trust, providing oilfield services in western Canada. The Trust indirectly owns an approximate 72% interest in Impax Energy Services Master Limited Partnership, which indirectly acquired and now operates through its subsidiaries the businesses of McClelland Oilfield Rentals Limited Partnership, EGOC Enviro Group Limited Partnership, Denray Rathole Drilling Limited Partnership and Dwayne Hommy Trucking Limited Partnership. These businesses provide services in the areas of oilfield rental, specialized equipment rental, access mat rental, waste management services, rat hole drilling and specialty fluid hauling.

This news release may contain forward-looking statements relating to expected future events and financial and operating results of the Trust that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed in the Trust's March 28, 2008 Annual Information Form filed with the Canadian securities regulatory authorities. Due to the potential impact of these factors, the Trust disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information

  • Impax Energy Services Income Trust
    Scott D. Delaney
    President and Chief Executive Officer
    (416) 304-6867