Aveda Transportation and Energy Services Provides Update on Shareholder Meeting

Apr 19, 2018

CALGARY, Alberta, April 19, 2018 (GLOBE NEWSWIRE) -- Aveda Transportation and Energy Services Inc. (“Aveda” or the “Company”) (TSX-V:AVE), one of North America’s largest dedicated rig moving companies, provides the following update regarding the proposed shareholder meeting described in its press release of April 16, 2018 to consider approval of a business combination with Daseke, Inc.,  a leading consolidator and the largest owner of flatbed and specialized transportation and logistics solutions in North America (the “Transaction”).  Aveda has now set the date of its special meeting of shareholders to consider approval of the Transaction to be May 30, 2018, and has also set the record date for shareholders entitled to vote at the meeting to be April 30, 2018.  Further details regarding the proposed Transaction are contained in Aveda’s press release of April 16, 2018.

About Aveda Transportation and Energy Services

Aveda provides specialized transportation services and equipment required for the exploration, development and production of petroleum resources in the Western Canadian Sedimentary Basin and in the United States of America principally in and around the states of Texas, Pennsylvania, Oklahoma, Ohio and North Dakota. Aveda balances Performance, Safety and Value for our Customers through Leadership, Financial Discipline and Proper Planning, while providing a culture of Family for our employees. Aveda strives for a world where its operations improve the daily experience of our customers, our employees, and every person we meet on the road to success.

Aveda was incorporated in 1994 as a private company to serve the oil and gas industry. In the spring of 2006, the Company went public on the TSX Venture Exchange. Aveda has major operations in Leduc, AB, Grande Prairie, AB, Edson, AB, Pleasanton, TX, Midland, TX, Pecos, TX, Marshall, TX, Williston, ND, Williamsport, PA, Martins Ferry, OH and Oklahoma City, OK. Aveda is publicly traded on the TSX Venture Exchange under the symbol AVE. Aveda has 12 locations which cover North America’s most prolific oil and gas plays. The Company has almost 1,500 pieces of modern, well maintained equipment and employs approximately 610 team members. Aveda’s unique differentiator is our advanced operational and safety culture. For more information on Aveda please visit www.avedaenergy.com.

For more information, please contact:
Bharat Mahajan, CPA, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither 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.

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Source: Aveda Transportation and Energy Services Inc.

Contact us

US Corporate Office

333 North Sam Houston Pkwy East
Suite 1200
Houston, TX 77060

(888) 664-1380

info@avedaenergy.com
Canada Corporate Office

Suite 300, 435 - 4th Ave SW
Calgary, AB T2P 3AB
Canada

(888) 829-1370

info@avedaenergy.com