GLK Great Lakes Graphite Inc

CALGARY, April 26 /CNW/ -- TSX-V: "GLK"                                                            Shares Outstanding   20,685,959  CALGARY, April 26 /CNW/ - Global Energy Services Ltd. ("Global") is pleased to announce that it has entered into an arm's length asset purchase agreement with Stellarton Technologies Inc. ("Stellarton") for the acquisition of the business and assets of Stellarton.  Global agreed that it will pay consideration of $1,500,000 to be satisfied by the issuance of 9,000,900 Global common shares. The business assets include optimization equipment, patents, copyrights, trademarks and machine shop equipment. The acquisition is subject to the completion of customary closing conditions including the receipt of all regulatory and TSX Venture Exchange (the "Exchange") approval. The acquisition has received approval of the Board of Directors of both Global and Stellarton. The Company is pleased to announce that Mr. R.D. (Bob) Steele, P ENG, a member of the Stellarton Technologies Inc. board, a private businessman and board member of a number of other energy and investing entities has agreed to join the Global board, subject to normal Exchange approval. Global Energy Services Ltd. is an innovative oilfield service company that provides production services and communications solutions to the oil and gas industry. The production services segment utilizes its patented Activator Hydraulic Submersible Pump ("HSP") to enhance and increase ultimate production in both conventional and unconventional gas, oil, and CBM wells. Global was founded in 1994 and is listed on the TSX-V. Stellarton Technologies is an innovator of advanced oilfield production technologies backed by a strong team of design, manufacturing and technical engineers and technologists. Stellarton's suite of products are designed to optimize oil and gas fields at any stage of their economic life cycle - particularly fields suffering production decline due to liquid loading. More information about Global Energy Services can be found at http://www.global-energy.ca This News Release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Global to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements.  Such factors include, but are not limited to, fluctuations in the markets for oil & gas and related products and services, political and economic conditions, the demand for the products and services provided by Global, industry competition and Global's ability to attract and retain both customers and key personnel. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/26/c6816.html p /p p align="justify" bDerek M. Begin/b, President and Chief Executive Officer.br/ Global Energy Services Ltd.br/ #10, 1220 -59supth/sup. Ave. SEbr/ Calgary, Alberta T2H 2M4br/ Tel: (403) 243-0820br/ Fax: (403) 243-3425br/ E-mail: a href="mailto:dbegin@global-energy.ca"dbegin@global-energy.ca/abr/ Web site at: a href="http://www.global-energy.ca/"www.global-energy.ca/a /p p bEric Laing, /bPresident Stellarton Technologies Inc.br/ Suite 101, 17620-103suprd/sup. Ave.br/ Edmonton, Alberta T5S 1J9br/ Tel: 780 481 4234br/ Fax: 780 481 4586br/ e-mail: a href="mailto:elaing@stellartontech.com"elaing@stellartontech.com/abr/ Web site at: a href="http://www.stellartontech.com/"www.stellartontech.com/a /p

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