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FratzyBottFishon Oct 24, 2012 6:41pm
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PetroTiger Signs on as Zedi's First Reseller in So
PetroTiger Signs on as Zedi's First Reseller in So PetroTiger Signs on as Zedi's First Reseller in South America
10/24/2012 6:20:19 PM
PetroTiger Signs on as Zedi's First Reseller in South America
CALGARY, ALBERTA--(Marketwire - Oct. 24, 2012) - Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "We see this 3 year reseller agreement with PetroTiger, a leading oil and gas service company headquartered in Colombia, as an ideal vehicle to penetrate the South American market. We selected PetroTiger as our first international reseller because their production operations knowledge and skills enable them to look after a customer from the sale through support. When we contemplated working with resellers, it was important to us to protect Zedi's reputation as a provider of quality products and services. We were delighted when our confidence grew in PetroTiger's ability to deliver the same high level of service our existing customer base enjoys as we worked with Hector and his team developing the terms of our agreement," commented Matthew Heffernan, President and CEO of Zedi.
PetroTiger, a private company, is a member of the Tiger Companies Group. With 2,200 employees they operate out of offices in Colombia, Ecuador, Argentina, Mexico and Panama. Their current customer base includes several Canadian companies in addition to the Colombian major oil and gas producers. They are the leading provider in the Colombian market of Well Testing Services, Early Production Facilities and Oil Fields Operation & Maintenance.
Highlights of the reseller agreement between Zedi and PetroTiger include:
- 3 year initial term
- Exclusive rights in Colombia
- Non-exclusive rights in Ecuador, Peru, Mexico and Argentina
- Right to market and install field instrumentation for surveillance and control; SilverJack artificial lift; and the Zedi Access data management platform
"We are a long-standing provider of fully out-sourced operations for oil and gas producers, using a traditional 7 days a week, 24 hours a day, labor-based delivery model. Introducing Zedi's technology in Colombia will not only increase the value we can offer to our customers, at a reduced cost, but also improve our own profitability because of the efficiencies we will realize. The Canadian market, thanks in large part to companies like Zedi, has enjoyed the benefits technology can provide for a number of years and we think now is the right time for companies operating in Colombia to realize the same rewards," said Hector Gutierrez, President of PetroTiger.
Zedi Inc. (TSX VENTURE:ZED) provides integrated services, applications, and technology to oil and gas producers to help efficiently manage their production operations. Having established a leadership position in our base market, we continue to grow globally by operating in 25 countries around the world. Our expertise helps producers increase revenue while reducing operating costs and ensuring regulatory compliance.