New CEO to lead Spectraseis

New CEO to lead Spectraseis

ID: 275984

(Thomson Reuters ONE) -
Spectraseis /
New CEO to lead Spectraseis
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The issuer is solely responsible for the content of this announcement.

July 5, 2013, Houston.  Spectraseis, the technology leader in microseismic
fracture imaging, stimulation evaluation and seismic monitoring, has appointed
Todd Chuckry as interim CEO, to be confirmed in the next shareholders and Board
of Directors meeting. Mr. Chuckry has been the VP of Sales and Business
Development prior to this appointment.

Todd joined Spectraseis in July 2011 from Calmena Energy Services, where he
provided consulting in the area of microseismic. Prior to his work with Calmena,
Todd was the founder, President and CEO of Request Seismic Surveys and
BlueGrouse Seismic Solutions. Todd founded Request as a land seismic services
company in 1989 and by 1994 Request was one of the largest multi-client data
providers acquiring approximately 1,000 km of 2-D data each year. Request went
public in 1997, becoming the largest seismic data owner in Canada at the time
with annual sales of $100 million. In 1999 Todd was recognized as one of
Canada's "40 under 40". In 2000 Request was reorganized into an income Trust and
sold for $128 million at which time Todd moved on. In 2003 Todd founded
BlueGrouse Seismic Solutions and grew the company as a data owner with sales in
its final year of $42 million; BlueGrouse was sold to a competitor 2007.

Spectraseis also announces that effective immediately Ross Newman will be
stepping down as CEO. Mr. Newman has served Spectraseis as the company's CEO
since the founding of the company. Mr. Newman has also resigned from his
positions as Director in both Spectraseis AG and Spectraseis Canada Inc.



New Spectraseis interim CEO Todd Chuckry said:





"I would like to thank Mr. Newman for his many years of service to Spectraseis.
Under Mr. Newman's stewardship, Spectraseis has become a technology leader in
microseismic fracture monitoring and stimulation evaluation. Spectraseis will
continue to provide these services to many of the world's leading E&P firms,
providing a competitive advantage to its customers through cutting-edge
innovations.

I am honored to assume to the role of interim CEO of Spectraseis.  The strength
of our management team and the commitment of our employees will allow us the
ability to further expand both our offerings and customer base.

Both I and the Spectraseis team are extremely excited about the future ahead and
the opportunities that have been and will be presented.  The management and
staff of Spectraseis would like to thank its customers and its stakeholders for
their continued support.  We will continue to provide the results that customers
deserve. The company will be providing a corporate / operations update
shortly."

###

Note to editors

About Spectraseis

Spectraseis is the technology leader in microseismic fracture monitoring and
stimulation evaluation. We provide services to many of the world's leading E&P
firms, including a growing customer base among North American unconventional
resource operators. Spectraseis provides a competitive advantage to its
customers through cutting-edge innovations in surface and borehole microseismic
monitoring, Induced seismicity monitoring (ISM), data processing and imaging.
Established in 2004, Spectraseis has offices in Houston, Denver and Calgary. Our
major shareholders include the private equity firm Warburg Pincus and Statoil
Technology Invest.

Further information about Spectraseis can be found at
http://www.spectraseis.com.

###

Product and company names herein may be trademarks of their respective owners.

Contacts

For further information, contact:

Todd Chuckry, Interim CEO, Spectraseis
Calgary Office
+1-403-668-6812 direct
+1-403-650-8070 cell
todd.chuckry(at)spectraseis.com

Kent Johnson, VP of Sales and Business Development, Spectraseis
Houston Office
+1 281 520 4012 direct
+1 713 294 5864 cell
kent.johnson(at)spectraseis.com

Corey Sisler, CFO, Spectraseis
Denver Office
+1 303 658-9171 office
+1 303 229-5008 cell
corey.sisler(at)spectraseis.com

Brad Birkelo, COO, Spectraseis
Denver Office
+1 303 658 9170 direct
+1 720 362 0695 cell
bradley.birkelo(at)spectraseis.com



Spectraseis press release_New Interim CEO_July 5, 2013:
http://hugin.info/137808/R/1714683/569480.pdf

photo of Todd Chuckry:
http://hugin.info/137808/R/1714683/569481.jpg



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Spectraseis via Thomson Reuters ONE
[HUG#1714683]




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Bereitgestellt von Benutzer: hugin
Datum: 05.07.2013 - 20:55 Uhr
Sprache: Deutsch
News-ID 275984
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