CALGARY, ALBERTA--(Marketwire - Oct. 3, 2012) - Cdn Oilfield Technologies & Solutions Corp. (TSX VENTURE:OTS) -

The Corporation is pleased to announce that at the annual general and special meeting of shareholders held on October 2, 2012, shareholders appointed the incumbent directors Scott Berry, Rene Spielmann, Bob Tutty, John MacMillan, Frank Antolovich, Phil D'Angelo, and also elected management nominee Ken Berg as a new director.

Shareholders have also approved the change of name of the Corporation to "Canadian Oilfield Solutions Corp." The stock symbol for the common shares will remain unchanged and the Corporation anticipates that the common shares will start trading under the new name on or about Tuesday, October 9, 2012.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of c1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Cdn Oilfield Technologies & Solutions Corp.
Phil D'Angelo
(403) 543-0060
(403) 543-0069 (FAX)

Working Capital Corporation
Tony Nunziata
Investor Relations
(403) 560-7040