September 15, 2008
ProSep Provides Corporate Update
MONTREAL, Sept. 15 /PRNewswire-FirstCall/ -- ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, announced today that it has agreed to provide its proprietary TORR water treatment system to Fores Engineering, a subsidiary of Rosetti Marino, a provider of engineering and construction services to oil and gas companies around the world. ProSep will deliver two small TORR units that will treat produced water on gas production platforms in the Adriatic Sea by ENI S.p.A and Inagip D.O.O., two major integrated oil and gas companies.
"Through our previous work on ENI's Cervia platform, we have been able to demonstrate the effectiveness of our TORR system in treating produced water," said Jacques L. Drouin. "As evidenced by today's announcement, this proven performance has helped us to build on existing client relationships while entering into new customer agreements."
Using proprietary, RPA(R) coalescing elements, ProSep's TORR system helps oil and gas companies treat produced water, ensuring the separation of oil for further processing and the discharge of water that meets environmental regulations.
Houston facilities spared from Hurricane Ike
The Company also announced that its Houston-based operations and manufacturing facilities suffered no damages as a result of Hurricane Ike. ProSep is slated to re-open its offices on Tuesday, September 16.
"We are thankful that our staff is safe and that our facilities are fully intact," Mr. Drouin said. "Although our operations will be affected during the city-wide clean-up effort, we are ensuring the delivery of alternative power sources and do not expect any significant long-term disruptions to our customer or manufacturing activities."
About ProSep Inc.
ProSep Inc., formerly known as TORR Canada Inc., is dedicated to providing process solutions to the oil and gas industry. ProSep designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit http://www.prosepinc.com/.
Caution concerning forward-looking statements ---------------------------------------------
This press release contains forward-looking statements. Such statements inherently involve numerous risks and uncertainties. Actual future results may differ from the anticipated results expressed in the forward-looking statements contained in this press release and ProSep does not undertake to update this information. Investors are cautioned against placing undue importance on forward-looking information contained herein and should consult the final short form prospectus and the documents incorporated by reference therein, which contain a more exhaustive analysis of risks and uncertainties connected to ProSep's business