ProSep provides corporate update

ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announced that it has signed new contracts with customers in each of its business units totaling $2 million in value. ProSep will be providing the oil and gas companies with process equipment and services to support their upstream production activities. As a result of the contracts, ProSep’s revenue backlog has increased to more than $50 million.

“Since implementing a strategy that combines a diversified solution mix with a structured sales effort in our North America, Europe and Asia Pacific business units, we have been steadily gaining momentum,” said Jacques L. Drouin, President and CEO of ProSep Inc. “We continue to grow our international base of customers and incrementally build our revenue backlog.”

Schedules Q2 results conference call

The Company also announced that it will release its financial results for the second quarter of 2008 on Wednesday, August 13, 2008 after 5:00 p.m. (ET). Management will hold a conference call the following day, Thursday, August 14, 2008 at 8:30 a.m. (ET) to review the financial results and operating highlights of the quarter.

CONFERENCE CALL DETAILS:

DATE: Thursday, August 14, 2008
TIME: 8:30 a.m. (ET)
DIAL IN NUMBER: 1-416-644-3423 or 1-800-595-8550
REFERENCE NUMBER: 21278898 followed by the number sign
TAPED REPLAY: 1-416-640-1917 or 1-877-289-8525 Available from Thursday, August 14th at 10:30 until Thursday, August 21st at midnight.

A live audio webcast of the conference call will also be available through www.prosepinc.com. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be needed to hear the webcast. An archived replay of the webcast will be available for 90 days.

About ProSep Inc.

ProSep Inc., formerly known as TORR Canada Inc., is dedicated to providing process solutions to the oil and gas industry. ProSep designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit www.prosepinc.com.