SOURCE: Caddo International, Inc.

January 10, 2008 14:32 ET

Caddo International Announces Signed Letter of Intent

OIL CITY, LA--(Marketwire - January 10, 2008) - Caddo International (PINKSHEETS: CADD) management announced today a letter of intent has been signed between Caddo International and Tex-Jet. 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 3 Tex-Jet gas lift systems in 3 oil and gas wells producing from the Paluxy formation. The life of the Tex-Jet pump is estimated to be 5 years after installation.

President Mario Lanza stated, "These pumps are very effective because they are not damaged by the formation sand. The traditional down-hole pump wears out in 1 year on average. If we can extend the pump life to 5 years this could significantly increase the profitability of an oil well by cutting the cost of rig time."

Caddo International is looking to acquire all Tex-Jet stock and spin off a company. Every 20 shares of Caddo International owned by the current shareholders will receive 1 share of Real-Co. Updated information on this news will be released next week.

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.

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.

Forward-Looking Statements - Safe Harbor:

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

  • Contact:
    Mario Lanza
    President
    318-995-0404