FSI

FSI ENERGY SERVICES INC. (TSX VENTURE:FSI) ("FSI") announced today that it has
entered into a joint venture agreement with Powell Water (Canada) Inc. ("Powell
Water"), a privately-held Canadian company. The new venture, FSI-Powell Water
Inc., will be headquartered in Calgary, with operations in northern Alberta and
British Columbia, to provide comprehensive design, manufacturing, sales and
service for state-of-the-art produced water treatment.


"This new venture represents an opportunity to combine our talents and technical
expertise to successfully satisfy the purification of produced water from SAGD,
polymer waterfloods, frac flow- back and tailings reclamation," stated Richard
Ball, President and CEO of FSI. "FSI-Powell will combine FSI's
filtration/purification expertise with Powell Water's proprietary technologies.
The synergies of the two companies will enable the JV to provide SAGD clients
with efficient and cost- effective purification of their produced water."


"We see continuing growth in this market. The regulatory environment surrounding
water treatment and disposal is becoming more complex, and cost-effective
treatment options are becoming of increasing importance to our clients" says
Perry Ball, Vice President of the JV. "This new joint venture will enable us to
produce and deliver complete water treatment solutions with shorter lead times,
greater cost efficiency, and higher quality than existing competitive
technologies."


About FSI

Through its wholly owned subsidiary FSI International Services Ltd., FSI Energy
Services Inc. is a Calgary-based manufacturing and service company specializing
in customized filtration, filtration- related technologies and Brine Plants for
the energy, chemical, and water treatment industries.

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