GFCI News Grifco International, Inc. Announces New China Oil Field Orders
CONROE, Texas--(BUSINESS WIRE)--Grifco International, Inc. (OTC Pinksheets GFCI) announces it's
receiving purchase orders for coil tubing tools in China. This first
purchase order is for $475,000 and there are two additional purchase
orders which will be completed in 1Q07 for $475,000 per order. The total
package totals $1,425,000 in new purchase orders.
Jim Dial, President, stated, “We continue to
gain strength in getting new orders from producers located in the oil
fields of China. Our products remain competitive in the world market. We
are known for both quality and value. The new orders came through one of
our international agents who continues to perform above our expectations.”
About Grifco International, Inc.
Grifco International is a leading provider of oil and gas services
equipment, specializing in the conception, architecture, and development
of tools for the coil tubing, wire line, and snubbing industries
throughout the United States, China, Mexico, South America, the Middle
East and Africa. Grifco holds and owns design rights and manufacturing
facilities for producing more than 6,000 products for the oil and gas
industry with more than 150 clients, boasting the biggest names in the
business, including Halliburton, Exxon Mobil Corp, and Schlumberger. For
more information, please visit: www.grifco.org.
Safe Harbor Act
The statements contained in this release and statements that the
companies may make orally in connection with this release that are not
historical fact are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results may
differ materially from those forward-looking statements, as such
statements involve risks and uncertainties that could significantly
impact the company's business and the actual outcome and results may
differ materially.
