TMX group

RMS Files Financial Statements and Additional Albania Installations

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.


Calgary, Alberta CANADA, May 29, 2012 /FSC/ - RMS Systems Inc.  (RMS - TSX Venture), ("RMS" or the "Company") announced that it has filed its quarterly Unaudited Financial Statements and MD&A on SEDAR for the quarter end March 31st, 2012.

As previously released, RMS installed 2 complete EDR systems on rigs operating in Albania.  RMS is pleased to announce that it has been awarded the opportunity to install complete EDR systems on 3 additional rigs operating on the same project in Albania. The RigManager System has been distributed in Albania pursuant to a joint venture arrangement with Phoenix Technology Services Inc. ("Phoenix").  Phoenix is a wholly owned subsidiary of PHX Energy Services Corp (TSX: PHX).  These systems will be shipped as soon as possible and are expected to be installed and operational by approximately the end of July.
  
RigManager Services Ltd. (the Canadian distributor of the RigManager System) has 16 rigs currently operating during spring break-up for 5 separate operators and 6 different contractors.  RigManager International Inc. (the international distributor of the RigManager System which is owned 50%  by RMS) has 4 rigs operating for 3 different operators and 2 separate contractors in the United States.  RMS is seeing continued interest in its products and expects to see continued growth.

About RMS:

RMS Systems Inc. has developed industry leading technologies (the "RigManager System") which allows drillers of oil and gas wells to view the data that the drill bit sees from the comfort of their own home, office or mobile device. The RigManager Electronic Drilling Recorder ("EDR") allows the rig operators, engineers, and geologists to monitor drilling progress in near real time without actually being at the well location. RMS has developed hardware and software solutions, with secure internet access that provide the foundation for drilling information management. The RMS electronic data solutions are used to create meaningful data analysis, increased productivity, and improved customer satisfaction. The RMS system includes high speed access to drilling data, customizable report generation, and the RMS communications system which provides customers improved bandwidth, lower latency and improved voice quality over systems that have historically been used in the EDR business. The RMS products have been developed by RMS technicians meaning they are customizable to meet customer needs. RMS is the developer of its software and utilizes licensed industry proven data collection sensors in the RigManager System. The Company licenses the RigManager System in Canada to its wholly owned subsidiaries, RigManager Services Ltd. (an Alberta Company) and through-out the rest of the world the system is licensed to RigManager International Inc. (which is 50% owned by RMS).  In turn, RigManager International distributes the RigManager System in the United States through RigManager Inc. (a Texas company).  The RMS vision is to provide the most complete and interpretive electronic data using up-to-the-minute network communications.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Dave Hall
RMS SYSTEMS INC.
Bay 10, 3419 12th Street NE
Calgary, Alberta T2E 6S6
Tel: (403) 717 9694

Cautionary Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. These risks include, but are not limited to a reduction in drilling activity in the United States and/or Canada. Certain information, including rig count data, is based upon third party information. RMS has not independently verified this data. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although RMS Systems Inc. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. The nature of the agreements that RMS maintains with its industry partners provides that these agreements are, for the most part, terminable without notice and without penalty. In addition, these agreements provide that revenue is earned only while the drilling rig is in operation. As a result, RMS's revenues are impacted significantly by a reduction in drilling activity by its customers and the RMS expectations may be impacted significantly in the event a customer changes its drilling plans or otherwise terminates its relationship with RMS. RMS revenues are also significantly impacted by weather which on occasion limits drilling activities. RMS Systems Inc. disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise, except as required pursuant to applicable securities laws.



To view this press release as a web page, please click on the following link: http://www.usetdas.com/pr/rms05292012.htm



Source: RMS Systems Inc.  (RMS - TSX-V)
Maximum News Dissemination by FSCwire. http://www.fscwire.com