SOURCE: Patriot Mechanical Handling

September 21, 2006 08:00 ET

Patriot Mechanical Handling, Inc. Announces Management Additions

HOUSTON, TEXAS -- (MARKET WIRE) -- September 21, 2006 -- Patriot Mechanical Handling, Inc. (PINKSHEETS: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that the company has added to its senior management team, which will lead the company through the rapid expansion, as well as imminent growth, into the rig packages market.

Charles "Pat" Patrick is added as their VP of Products and Rig Packages. He will oversee equipment specifications, engineering and all facets of project management for their products and drilling packages. Pat brings over 30 years of equipment experience to the role. Prior to joining Patriot, Pat worked for Transocean Offshore Deepwater Drilling Inc. Pat served as chairman of the IADC Maintenance Committee from 1999 until June 2006.

Kal Karmous has joined Patriot as VP Operations. He is responsible for building the company's production capacity and leads the operational management team. Kal has held various positions including Rig Manager, Operations Manager and Training Manager with Sedco Forex and GlobalSantaFe. His last position before joining Patriot was VP Engineering & Marketing for a jacking systems company. Kal holds a BS Mechanical Engineering degree with a minor in International Economics from North Carolina State University.

Tim Myers has joined Patriot as their VP Marketing & Sales and will lead the global sales force. He was previously with GlobalSantaFe where he held various positions of increasing responsibility in engineering, operations support, and marketing groups. Tim Myers is a 1995 graduate of Auburn University with a Bachelor's degree in Mechanical Engineering and a 1997 MBA graduate from the University of South Alabama in Mobile, AL.

George Taggart has joined Patriot as VP Business Development and will direct all aspects of the Global Aftersales Group, including Parts, Service, Training, Overhaul & Repair and Installation & Commissioning. He has over 20 years experience in the rig equipment market, having worked for National Oilwell and most recently Maritime Hydraulics where he was Regional Manager of the Caspian Sea Region.

Paul Findlay, CEO of Patriot stated, "We are very pleased to have attracted such high level experienced management to our team here at Patriot Mechanical Handling, Inc. The wealth of knowledge this adds to our company will prove to be very influential in our drive towards fulfilling our business development strategy."

About Patriot Mechanical Handling

Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.

More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmechanicalhandling.com.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

Contact Information

  • Contact:

    Patriot Mechanical Handling, Inc.
    Tel: (281) 945-4400
    Fax: (281) 945-4405
    E-Mail: Email Contact

    Global Marine Energy plc
    Philip Wood
    Chairman
    Tel: 01274 531 862

    Capital Group Communications, Inc.
    Office: (415) 843-0200
    Fax: (415) 843-0214