GFCI Grifco International Inc (CE)

Grifco International, Inc. (Pink Sheets: GFCI), a provider of oil and gas service equipment to the worldwide oil and gas industry, has received a purchase order through its agent Oilland China and Mr. Lee He. The purchase order is for the Sinopec Southwest oilfield. Mr. Lee He has been Grifco�s agent in China for the past 15 years and has developed a great rapport with the Chinese National Petroleum Company. The purchase order specifies that Grifco will manufacture tools for fishing, provide standard service and inflatable packers for use with coil tubing. The PO is for an excess of $450,000 US. Prior to receiving the PO, members of Grifco�s staff held a seminar in Fort Worth for representatives of the Sinopec field. Their representatives showed great interest in Grifco�s tool and manufacturing capabilities. Grifco has supplied tools to other areas in China and Jerry Griffith has made several trips to China to promote the Grifco tool line. In addition, Mr. Lee He has ordered several water units made with the same dissimilar metal alloy used with the Silver Dawg�. This alloy consists of dissimilar metals which change the electrolysis of any fluids with which it may come in contact. Mr. He has great confidence in this material and is working very hard to promote its use both in the petroleum industry and housing industry. The dissimilar metal alloy is great in the reduction of scale and corrosion in the housing industry, as well as paraffin and asphalting in the petroleum industry. The Chinese market is one of the largest markets in the world and Grifco International, Inc. will continue to work this market and offer coil tubing tools, wire line tools and production solution tools. Grifco International, Inc. in this past month had the opportunity to provide tool quotes for buyers in excess of another million and half dollars. We anticipate getting these orders as well in the next 30 to 60 days. 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 industry 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. Certain statements in this press release, and other written or verbal statements made by the Company, include the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. These are all considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. There are important factors that could cause actual results to differ materially from those indicated by such forward-looking statements including, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation. Grifco International, Inc. (Pink Sheets: GFCI), a provider of oil and gas service equipment to the worldwide oil and gas industry, has received a purchase order through its agent Oilland China and Mr. Lee He. The purchase order is for the Sinopec Southwest oilfield. Mr. Lee He has been Grifco's agent in China for the past 15 years and has developed a great rapport with the Chinese National Petroleum Company. The purchase order specifies that Grifco will manufacture tools for fishing, provide standard service and inflatable packers for use with coil tubing. The PO is for an excess of $450,000 US. Prior to receiving the PO, members of Grifco's staff held a seminar in Fort Worth for representatives of the Sinopec field. Their representatives showed great interest in Grifco's tool and manufacturing capabilities. Grifco has supplied tools to other areas in China and Jerry Griffith has made several trips to China to promote the Grifco tool line. In addition, Mr. Lee He has ordered several water units made with the same dissimilar metal alloy used with the Silver Dawg(TM). This alloy consists of dissimilar metals which change the electrolysis of any fluids with which it may come in contact. Mr. He has great confidence in this material and is working very hard to promote its use both in the petroleum industry and housing industry. The dissimilar metal alloy is great in the reduction of scale and corrosion in the housing industry, as well as paraffin and asphalting in the petroleum industry. The Chinese market is one of the largest markets in the world and Grifco International, Inc. will continue to work this market and offer coil tubing tools, wire line tools and production solution tools. Grifco International, Inc. in this past month had the opportunity to provide tool quotes for buyers in excess of another million and half dollars. We anticipate getting these orders as well in the next 30 to 60 days. 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 industry 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. Certain statements in this press release, and other written or verbal statements made by the Company, include the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. These are all considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. There are important factors that could cause actual results to differ materially from those indicated by such forward-looking statements including, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.