SOURCE: Caddo International, Inc.

January 18, 2008 08:00 ET

Caddo International Announces Negotiations on a 5 Million Dollar Infusion

OIL CITY, LA--(Marketwire - January 18, 2008) - Caddo International, Inc. (PINKSHEETS: CADD) management today announced their negotiations with a private investment group to receive a 5 million dollar infusion of cash into the company for an asset loan, and additionally the investors intend to purchase 1 million shares of the current public float. Caddo International will use these funds for the two new acquisitions recently press released and to finalize the letter of intent with Tex-Jet.

The response from major and independent oil and gas companies has been positive, and the private investment group is excited about this new pump system and has already shown an interest to purchase. Tex-Jet is a company specializing in gas lift production systems in the oilfield. This pump system extends pump life and reduces operating costs significantly because it has no moving parts. In Louisiana, Tex-Jet is working with Caddo International to complete the installation of three Tex-Jet gas lift systems in three oil and gas wells producing from the Paluxy formation. The life of the Tex-Jet pump is estimated to be five years after installation. These pumps are very effective and they will soon be in high demand to all oil companies because they are not damaged by the formation sand. The traditional down-hole pump wears out in one year on average. If the Company can extend the pump life to five years, it could significantly increase the profitability of an oil well by cutting the cost of rig time.

President Mario Lanza stated, "I am very excited because this will allow Caddo International to move forward at a much faster pace since Caddo International already is a profitable company and all funds will be used for the new projects." Caddo International is looking to acquire all Tex-Jet stock and spin off a company. Every twenty shares of Caddo International owned by the current shareholders will receive one share of Real-Co.

About Caddo International, Inc:

Caddo International, Inc., is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.

Forward-Looking Statements -- Safe Harbor:

The statement in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • For further information regarding Caddo International Inc. Contact:

    Mario Lanza
    Caddo International Inc.
    P.O. Box 608
    Oil City, La. 71061
    Tel: 318-995-0404