GASFRAC Energy Services, Inc. (TSX:GFS) has received the court approval for the implementation of a sale and investment solicitation process ('SISP Procedure') to be conducted within the CCAA proceedings under the supervision of the Monitor and a Special Committee of independent Directors of the Corporation consisting of Julien Balkany (Chairman), Dale Tremblay and Robert McBean. The goal of SISP Procedure is to generate the highest possible bids for the acquisition of the business or the assets of the Corporation or a refinancing or recapitalization of the Corporation, and depending on the outcome of the SISP, may formulate a plan of compromise or arrangement for all stakeholders of the Corporation.