BJ Services Wraps Deal on Innicor Common Shares

BJ Services Company and Innicor Subsurface Technologies Inc. announce that 18,207,386 common shares of Innicor, representing approximately 97.6% of the issued and outstanding Innicor common shares (calculated on a fully diluted basis), had been validly deposited pursuant to the April 11, 2008 offer by BJ Acquireco Canada, Inc., a wholly owned subsidiary of BJ Services, to acquire all of the Innicor common shares, on the basis of Cdn$2.50 in cash per share.

The Offer had been subject to certain conditions, including a condition that a minimum of 66 2/3 per cent of the Innicor common shares (calculated on a fully diluted basis) be tendered. All of the conditions to the Offer have now been satisfied, and Acquireco has taken up all of the Innicor common shares validly tendered at the initial expiry time and will pay for them promptly. Following payment, Acquireco will own approximately 97.6% of the issued and outstanding common shares of Innicor.

In connection with the acquisition of the Innicor common shares by Acquireco, all of Innicor's officers and directors have tendered their resignations and will be replaced by appointees of BJ Services.

Acquireco now intends to acquire all of the Innicor shares not deposited under the Offer by means of a compulsory acquisition under the Business Corporations Act (Alberta). Once it has acquired all of the Innicor shares, Acquireco will seek to have the Innicor shares delisted from the Toronto Stock Exchange and will apply to have Innicor cease to be a reporting issuer under applicable Canadian securities laws.


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