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Abstract
(CCNMatthews - June 1, 2005) - Builders Energy Services Trust (TSX:BET.UN) ("Builders", or the "Trust") expects annual cash flow to increase by 20%, or $5 million and full year revenues to increase by $18 million, or 20%, as a result of this acquisition. "This is another significant growth step for Builders", said Garnet Amundson, Chief Executive Officer of Builders, "We are delighted to have the management and staff of Tryton join the Builders team, and feel that they will be an excellent fit with Builders' other operations".
Builders Energy Services Trust is pleased to announce that a wholly-owned subsidiary of the Trust has completed the previously announced acquisition of assets from Tryton Tool Services Ltd. (the "Vendor"). As a result of the acquisition, Builders acquired substantially all of the operating assets of the Vendor, including its name, distribution rights, management and staff. In keeping with its operating strategy, Builders will operate the assets under the name of Tryton Tool Services.