SOURCE: Patriot Mechanical Handling Inc.

November 25, 2005 13:05 ET

Patriot Mechanical Handling Receives New Equipment Orders Valued at $1.48 Million USD for Delivery to Brazilian and Singapore Based Oilfield Contractors

Demand for Oil Services Equipment Expected to Continue to Be Strong Throughout South America and Asia

HOUSTON, TX -- (MARKET WIRE) -- November 25, 2005 -- Patriot Mechanical Handling Inc. (OTC: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, announced today that it has been awarded two new contracts valued at $1.48 million USD.

Paul Findlay, CEO of Patriot stated, "We are confident of continuing to secure orders from Brazil and throughout Latin America, so have therefore increased our presence in the region with the appointment of a regional manager, Mr. Robert Shinfield, who will head up our operations in South America. His initial task was to open a regional office in Macae, Brazil, which is nearing completion." He added, "The Singapore order is our first for the company since registering the company in that country. We expect to continue securing orders from Singapore and throughout Asia and have therefore appointed a regional manager, Mr. Craig Clarke, to head up our operations in Asia. "This order strengthens an already solid relationship with one of the largest rig builders in the World. We predict a strong order flow from this region overall."

The order from Brazilian drilling contractor Star International will be delivered to Queiroz Galvao Perfuracoes S.A. The order calls for Patriot to supply a Test Stump Deployment System, Guideline Winches and a Fingerboard, which is to be installed on the upgrade projects to the QGP Offshore Semi-submersibles, Atlantic Star and Alaskan Star. Delivery of the order is scheduled over two months during the 1st quarter of 2006.

The order from Keppel Fels Ltd., Singapore, calls for the Singapore regional office, 'Patriot Mechanical Handling Pte,' to supply three BOP Handling Systems. The systems are to be installed on the new build projects B269, B277 & B285 Awlico Drilling and SeaDrill Jack Ups.

"Our commitment to adding new offices in geographically strategic areas throughout the world demonstrates our commitment to building Patriot into a global company, operating in the markets critical to creating and maintaining growth."

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 investor relations at: Capital Group Communications Inc Devin J. Bosch, President, (415) 843-0200 office. Information is available on the web at:

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: 281-445-4745
    Fax: 281-445-9839
    E-Mail: Email Contact

    MOS International plc
    Philip Wood
    Tel: 01274 531 862

    Capital Group Communications Inc
    Devin J. Bosch
    (415) 843-0200 office
    (415) 843-0214 Fax
    Email Contact