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  • News » Corporate and Operational Update Mon Jan 2 2:39:07 UTC 2012

    February 1, 2012 – Real Time Measurements Inc. (the “Company”) – Mr. Terry Matthews, President and CEO of the Company is pleased to announce that Mr. Jostein M. Aasland has agreed to serve as a director of the Company, subject to customary TSX Venture Exchange approval. Mr. Aasland is a graduate of the University of Saskatchewan with a Bachelor of Science. Mr. Aasland has over 20 years experience in the oil and gas service industry from field positions to software development and support.

    Corporate Update

    The Company is in the process of getting all required outstanding financial statements completed, getting the appropriate statements audited, and preparing the most recent statements in accordance with GAAP and IFRS standards. The company anticipates filing the required statements and accompanying Management Discussions and Analyses along with other relevant material and fees as required in order to return to full trading status with the securities commissions in due course. The Company will remain on the NEX Exchange until the Company once again meets the TSX Venture Exchange minimum listing requirements.

    Real Time Measurements is a Canadian oil and gas technology development company that designs, builds and sells equipment and provides services to oil and gas companies in various parts of the world. The company uses innovative applications of recent technological developments to solve elected oil and gas upstream measurement problems in more efficient ways. The Company’s primary business activity revolves around the commercial development of premium quality sensors and data gathering systems which are used primarily in oil and gas wells.

    For further information please contact

    Terry Matthews
    President, CEO, Director
    Real Time Measurements Inc.
    Bay 18, 4750 – 106th Avenue SE, Calgary, Alberta T2C 3G5
    Telephone: (403) 720-3444
    Web: www.rty.ca

    TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Certain statements included in this news release constitute “forward-looking information” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forwardlooking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. However, we disclaim any intention and assume no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release represents the expectations of Real Time as at May 15 2009, and, accordingly, is subject to change after such date. However, Real Time expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law

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