RMS Rms Systems Inc.

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RMS Systems Inc. ("RMS" or the "Corporation") (TSX VENTURE:RMS) and PHX Energy
Services Corp. ("PHX") (TSX:PHX) are pleased to announce that the previously
announced private placement of common shares ("Common Shares") of RMS (the
"Private Placement") has been completed, pursuant to which 9,500,000 Common
Shares were issued to PHX, at a price of $0.18 per Common Share for aggregate
gross proceeds to RMS of $1,710,000. The Common Shares issued to PHX pursuant to
the Private Placement are subject to a four-month hold period that will expire
on February 23, 2013. RMS will use the proceeds to fund capital expenditures and
for general working capital purposes.


After giving effect to completion of the Private Placement, RMS has
approximately 59 million Common Shares issued and outstanding of which,
immediately following completion of the Private Placement, PHX owns and controls
11,501,000 Common Shares representing approximately 19.5% of the issued and
outstanding Common Shares.


PHX has advised that it acquired the Common Shares for strategic purposes, which
Common Shares were issued to PHX pursuant to a share subscription agreement
dated as of October 22, 2012. PHX has advised that it may in the future take
such actions in respect of its shareholdings in RMS as it may deem appropriate
in light of the circumstances then existing, including the purchase of
additional common shares or other securities of RMS through open market
purchases or privately negotiated transactions, or the sale of all or a portion
of its holdings in the open market or privately negotiated transactions to one
or more purchasers. 


PHX will be filing a report (as contemplated by National Instrument 62-103 -
"The Early Warning System and Related Takeover Bid and Insider Reporting
Issues") in connection with its acquisition of the Common Shares pursuant to the
Private Placement. For further information, or to obtain a copy of such report,
please contact PHX Energy Services Corp. at the contact information below.


Forward Looking Information

This news release contains certain "forward-looking information" within the
meaning of applicable securities law. The use of any of the words "will",
"intends" and other similar words or expressions is intended to identify
forward-looking information. More particularly and without limitation, this news
release contains forward-looking information concerning the proposed use of
proceeds of the Private Placement and the filing by PHX of its report in
connection with the acquisition of Common Shares. 


The forward-looking information in this news release is based on certain key
expectations and assumptions made by RMS and PHX. Although RMS and PHX believe
that the expectations and assumptions on which such forward-looking information
is based are reasonable, undue reliance should not be placed on the
forward-looking information because RMS and PHX can give no assurance that it
will prove to be correct. The forward-looking information in this news release
is subject to known and unknown risks and uncertainties and other factors which
may cause actual results to differ materially from those expressed or implied in
the forward-looking information. 


As a result of the foregoing, readers should not place undue reliance on the
forward-looking information contained in this news release. Readers are
cautioned that the foregoing list of factors is not exhaustive. Additional
information on these and other factors that could affect the operations of RMS
and PHX are included in reports on file with applicable securities regulatory
authorities and may be accessed through the SEDAR website www.sedar.com.


The forward-looking information contained in this news release is made as of the
date hereof and RMS and PHX undertake no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
PHX Energy Services Corp.
Mr. John Hooks
Suite 1400, 250 - 2nd Street SW
Calgary, Alberta T2P 0C1
(403) 543-4466


RMS Systems Inc.
Mr. Dave Hall
Bay 10, 3491 12th Street NE
Calgary, Alberta T2E 6S6
(403) 717-9694

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