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Canadian Energy Services & Technology Corp. Announces Results for the Fourth Quarter

Canadian Energy Services & Technology Corp. (CEU.TO) reported on its financial and operating results for the three months ended December 31, 2011. CES also announced that it will pay a cash dividend of $0.05 per common share on April 13, 2012 to the shareholders of record at the close of business on March 30, 2012, representing an increased dividend of $0.005 per common share or 11% to

the monthly dividend. This is the fifth dividend increase announced by CES since converting to a corporate structure on January 1, 2010. Net earnings before interest, taxes, amortization, loss on disposal of assets, goodwill impairment, unrealized foreign exchange gains and losses, unrealized derivative gains and losses, and stock-based compensation was $24.4 million as compared to $17.1 million for the three months ended December 31, 2010, representing an increase of $7.3 million or 43%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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