Thursday, June 29, 2000

COMPANY PRESS RELEASE

Spartek Systems Appoints Mathew G. Schmidt as Chief Executive Officer

Spartek Systems has named Mathew G. Schmidt as chief executive officer. Mr. Schmidt has extensive managerial and technical experience in the petroleum service industry. Before joining the company, he was general manager for Baker Atlas Geoscience, Baker Hughes Inc. Prior to this he held various management roles for Western Atlas International including manager of technology assessment, director of interpretation, research, and advanced development, and various other leadership roles associated with the development and deployment of subsurface measurement systems. He has masters degrees in petroleum engineering and geophysics from Stanford University and a bachelor of science degree in engineering physics from Western Kentucky University. He brings to the company a broad experience in all aspects of the development and commercialization of information systems. Spartek Systems specializes in providing the oil and gas industry with high quality data to monitor well performance and diagnose potential problems. The company's center for research and development, and manufacturing is located in Sylvan Lake, Alberta, Canada. The products developed by the company include quartz pressure gauges, sapphire pressure gauges, well head pressure recorders, and surface acquisition loggers. 

" Mathew has a proven track record of success. His previous experience in strategic planning, marketing and sales, and technology development fills a void in our leadership team," said Bob Brown, co-founder of Spartek Systems. "Spartek Systems leads the industry in providing cost effective solutions for monitoring oil and gas wells. Our SS2500/2600 Sapphire family of pressure recorders has dominated their market segment. We plan to continue our growth through new product introductions, and geographic expansion. Mathew Schmidt joining our leadership team is a significant step toward meeting our business objectives." 

SPARTEK specializes in providing the oil and gas industry with high quality data to monitor well performance and diagnose potential problems. The company’s center for research and development, and manufacturing is located in Sylvan Lake, Alberta, with sales and support centers in Canada, United States, Venezuela, China, Europe, Middle East, and Asia Pacific regions. The products developed by the company include quartz pressure gauges, sapphire pressure gauges, well head pressure recorders, production logging instrumentation, and surface acquisition loggers.