IROC ENERGY SERVICES CORP. ANNOUNCES INCREASED NET INCOME AND FILING OF INTERIM FINANCIAL STATEMENTS

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[{"type":"text","content":"\n\n\n Jun. 15, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, June 15, 2011 /CNW/ - IROC Energy Services Corp. ("IROC" or the\n "Corporation") (TSXV: "ISC") is pleased to present a summary of its\n operating and financial results for the three months ended March 31,\n 2011.  For a complete copy of IROC's interim financial statements and\n management's discussion and analysis ("MD&A") please visit www.sedar.com.\n\n\nHighlights for the three months ended March 31, 2011:\n\n\n\nTotal revenue from continuing operations increased 65% to $26.7 million\n for the three months ended March 31, 2011 as compared to $16.2 million\n in the comparable period of the prior year.\n\n\n\n\nGross margin from continuing operations increased 91% to $11.0 million\n for the three months ended March 31, 2011 as compared to $5.7 million\n in the comparable period of the prior year.\n\n\n\n\nEBITDAS from continuing operations increased 138% to $8.4 million for\n the three months ended March 31, 2011 as compared to $3.5 million in\n the comparable period of the prior year.\n\n\n\n\nNet income from continuing operations increased 481% to $4.4 million for\n the three months ended March 31, 2011 as compared $0.8 million in the\n comparable period of the prior year.\n\n\n\nOperations\n\n\nIROC's continuing operations are reported in three segments; the Drilling and Production Services segment, the Technology Services segment and Corporate Services.&#xA0...

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