FFM

Formation Fluid Management Inc. (the "Company") (TSX VENTURE:FFM) is pleased to
announce the appointment of Mohammed Ibrahim as Lead Process Engineer of its
operating subsidiary Formation Fluid Technology ("FFT", formerly Produced Water
Solutions Inc.). Mohammed brings with him over 15 years of experience in the
design, construction and commissioning of industrial and municipal water and
wastewater treatment, and reverse osmosis water systems with capacities from 500
m(3)/day to 500,000 m(3)/day. He holds a Masters of Science in Environmental
Engineering and a Bachelor of Science in Chemical Engineering. Mohammed will act
as leader of our research and development team, whose mandate is to introduce
ever improving technology into our total water management program. "We are very
fortunate to add an engineer to our team whose training and experience so
closely match our Company's needs," said Al Radford, CEO of FFM. "Mohammed's
expertise and commitment to teamwork make him a great fit and a welcome asset to
the Formation Fluids Group. His daily presence at our Sylvan Location puts him
at the pulse of the process and the management team." 


The Company is also pleased to announce that it has opened a sales office in
Calgary, Alberta at Bow Valley Square, Suite 700, 250-5th Ave SW, T2P 2V7,
telephone 403-538-5480. The Company has also opened a new head office at #14
Thevenaz Industrial Trail, Sylvan Lake, Alberta, T4S 2J5 telephone 403-887-8874,
info@fftinc.ca. The Sylvan Lake office will serve as the administration office
for the Company and the main operational center for FFT.


Formation Fluids is executing on its business plan by working to complete the
engineering of its first commercial water treatment system. Design aspects are
expected to be concluded in late October. A pre-qualification document is being
prepared for presentation to manufacturing interests and construction will
commence following selection of the manufacturer.


On behalf of the Board of Directors,

Al Radford, President & CEO

FORWARD LOOKING INFORMATION 

Certain information in this news release is forward-looking within the meaning
of certain securities laws, and is subject to important risks, uncertainties and
assumptions. This forward-looking information includes, among other things,
information with respect to the Company's beliefs, plans, expectations,
anticipations, estimates and intentions. The words "may", "could", "should",
"would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect",
"intend", "plan", "target" and similar words and expressions are used to
identify forward-looking information. The forward-looking information in this
news release describes the Company's expectations as of the date of this news
release.


The results or events anticipated or predicted in such forward-looking
information may differ materially from actual results or events. Material
factors which could cause actual results or events to differ materially from
such forward- looking information include, among others, risks arising from
general economic conditions and adverse industry events, risks arising from
operations generally, reliance on contractual rights such as licences and leases
in the conduct of its business, reliance on key personnel, market acceptance of
the Company's products and services, the need to protect intellectual property
and other proprietary rights, possible failure of the business model or business
plan or the inability to implement the business model or business plan as
planned, fluctuations in the cost of materials, competition, environmental
matters, and insurance or lack thereof.


The Company cautions that the foregoing list of material factors is not
exhaustive. When relying on the Company's forward-looking information to make
decisions, investors and others should carefully consider the foregoing factors
and other uncertainties and potential events. The Company has assumed a certain
progression, which may not be realized. It has also assumed that the material
factors referred to in the previous paragraph will not cause such
forward-looking information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject to change
and there can be no assurance that such assumptions will reflect the actual
outcome of such items or factors.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF DOBHAI AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE DOBHAI MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS
INFORMATION AT ANY PARTICULAR TIME.

Formation Fluid Management Inc. (TSXV:FFM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Formation Fluid Management Inc. (TSXV:FFM)
Historical Stock Chart
From Jul 2023 to Jul 2024