SOURCE: Caddo International, Inc.

September 27, 2007 13:29 ET

Caddo International, Inc. Announces Significant Progress in Proposed $20 Million Acquisition

OIL CITY, LA--(Marketwire - September 27, 2007) - Caddo International, Inc. (PINKSHEETS: PTLD) announced today they are in negotiations relating to the proposed acquisition of DKG-East ZRT. Following agreement in principal and acceptance of the term sheets, a full audit and due diligence program will be set in process. It is expected the negotiations will be concluded in the next few weeks.

Mr. Mario Lanza, President of Caddo International, Inc., stated, "We have been in serious negotiations (through our representatives) with DKG for some time, and are pleased that the term sheets have been agreed upon. We have appointed two independent personnel who are industry specialists to review the documentation and oversee the commencement of the due diligence program this coming week in Budapest. Funding from outside sources for this acquisition has already been allocated subject to satisfactory review. The acquisition of DKG will further broaden the technologies that CII offers its clients, and we have every intention of licensing these in the USA," he added.

About DKG - East ZRT

DKG is a manufacturing company of industrial equipment products for the Oil and Gas industries located in Budapest, Hungary. The Company has a manufacturing facility of 1 million square feet, is ISO 9001 certified and is considered a leader in the field. Current assets approximated at over $20,000,000. The Company is profitable with sales of $39.8 million and above industry level sales margins.

From its foundation in 1944, DKG became a significant basis not only for the Hungarian oil, gas and petrochemical industry, but also increasingly for the export markets.

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

  • For further information regarding Caddo International, Inc. Contact
    George Macleod
    Caddo International, Inc.
    P.O. Box 608
    Oil City, La. 71061
    Tel: 318-995-7225