Cancoil Integrated Services Inc. Announces Change of Fiscal Yearend.Business Editors CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Oct. 30, 2000 Mr. Mark T. Andreychuk, President and Chief Executive Officer, announces that Cancoil Integrated Services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. Inc.(CDNX CDNX See Canadian Venture Exchange (CDNX). :CAN.) (Cancoil) has changed its fiscal yearend from May 31st to December 31st to more closely conform with other businesses in the public oil and gas sector. Cancoil has filed the required notice with the applicable regulatory bodies pursuant to National Policy No. 51 respecting the company's change in its fiscal yearend. Cancoil's previous financial year ended May 31, 2000 and its transition year is the seven-month period ending December 31, 2000. Cancoil intends to file annual financial statements for the seven-month period ended December 31, 2000 comparative to the year ended May 31, 2000. During the transition year, Cancoil intends to file interim financial statements for the four month period ending September 30, 2000 comparative to the period ended August 31, 1999, and subsequently file interim financial statements in the new financial year for the periods ending March 31, June 30, and September 30, 2001 with corresponding comparative interims for the periods ending February 29, 2000, May 31, 2000 and September 30, 2000. Cancoil Integrated Services Inc. and its U.S. subsidiary, Technicoil Integrated Services Inc., supply drilling and service operations to the oil and gas industry in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. utilizing patented coil tubing equipment and new technology. This equipment performs under balanced, directional In one direction. Contrast with omnidirectional. and vertical drilling, coil fracturing perforating, production logging and stimulations. Cancoil Integrated Services Inc.'s common shares are listed on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) under the trading symbol Trading symbol See: Ticker symbol "CAN." Information about Cancoil's technology can be obtained from our website at www.cancoil.com The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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