SOURCE: Energy & Technology, Corp.

April 27, 2010 11:40 ET

Energy and Technology, Corp. Retires Over $3.9 Million of Debt With Common Stock

LAFAYETTE, LA--(Marketwire - April 27, 2010) -  Energy & Technology, Corp. (OTCBB: ENGT), p.k.a. Technical Industries and Energy Corp., announced that it has retired debts for equipment with a value of $3,935,217.25 plus debt service through an issuance of ENGT common stock.

Interested parties can refer to the Company's 8K filed March 31, 2010.

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About Energy & Technology, Corp.

As the holding company for Technical Industries, Inc., Energy Pipe, LLC and Energy Technology Threading, LLC, Energy & Technology, Corp. (OTCBB: ENGT) is a single source for rigs, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services. To learn more about ENGT visit:


Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2008 and other documents filed by ENGT with the SEC.

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