Vancouver, British Columbia, November 8, 2013 - Aveda Transportation and Energy Services (AVE.V) announced the acquisition of Edson, Alberta-based Belair Rentals. In addition to the acquisition of 23 well-site shacks, 22 light towers, 43 pieces of safety matting, 19 rig mats, 16 environmental fuel tanks, other various rental assets and working capital, existing Belair management will also join the Aveda team.

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"We are thrilled to be joining a dynamic and growing company like Aveda," stated Brian Pillage, former-President of Belair Rentals.

Aveda provides specialized transportation services and equipment required for the exploration, development and production of petroleum resources in the Western Canadian Sedimentary Basin and in the United States of America principally in and around the states of Texas and Pennsylvania. Transportation services include both the equipment necessary to move the load as well as a trained, professional driver capable of securing, moving and manipulating the load at its origin and destination. Aveda`s rental operations include the rental of tanks, mats, pickers, light towers and additional equipment necessary for oilfield operations.

Kevin Roycraft, President and CEO of Aveda stated, "Acquiring Belair Rentals will allow us to raise our profile and access a range of conventional and unconventional wellsites in the Cardium formation and in the Montney and Duvernay shales. It will also allow us to improve the utilization of existing assets that can be redeployed to regions with greater demand."

The initial purchase price of $4 million consisting of $3.5 million in cash and one half million dollars in Aveda shares, could be increased by $500,000 to $1,500,000 in cash if Belair Rentals achieves certain targets in the first year. Aveda is targeting a purchase price with an EBITDA multiple of about 3.06 to 3.21 times.

For the 3rd quarter ended September 30, 2013, the company reported revenues of $23.4 million, an increase of 17.6% over the same period last year. Adjusted EBITDA for the quarter increased from $2.9 million to $4.5 million, up 57.9%. This is 14 consecutive quarters of record revenue growth as compared to the same period of the prior year. Net income per share increased to $0.27 for the quarter, compared to a loss per share of $0.04 in the prior comparative period.

Aveda announced, in early October, that Werklund Capital Corporation had granted the company the right to unilaterally convert $4.77 million principal amount of convertible debentures into 1.85 million shares, at a price of $2.55 per share.