Production Enhancement Group Announces Board Resigns, Lender Forecloses

Tue Oct 13, 1:18 PM

HOUSTON, TEXAS--(Marketwire - Oct. 13, 2009) - Production Enhancement Group, Inc. ("PEG" or the "Company") (TSX: WIS.TO) today announced its Board of Directors has resigned and that the holder of its 8% Secured Convertible Debentures (the "Debentures"),Quest Energy Services (Canada) Ltd., has indicated it will be foreclosing against the assets of the Corporation.

Contacts

Omar Rashid
Production Enhancement Group, Inc.
011-966-3-882-9588
omarrashid@q3group.com