SOURCE: Coil Tubing Technology, Inc.

April 11, 2006 11:49 ET

Coil Tubing Technology, Inc. Develops ROTORJET Pipeline Cleanout System

SPRING, TX -- (MARKET WIRE) -- April 11, 2006 -- Coil Tubing Technology, Inc. ("CTT") (OTC: CTBG), announced today it has developed a revolutionary Pipeline Cleanout System using the ROTORJET device. Developed in alliance with Hammelmann Corp., the composite hose system will easily remove paraffin build-up from pipes and lines to prevent blockage and interruption of operations.

Over time, paraffin, or wax, is deposited inside oil and gas pipelines as a result of the temperature gradient between the sea floor and platform stations and land storage facilities at surface-water or ambient temperature. Paraffin build-up presents a significant problem for the oil and gas industry, costing millions in interrupted operations and the required follow-on maintenance to alleviate the inevitable blockage in pipes and flow systems.

Historically, the only means by which a "plug" or blockage due to paraffin could be removed was by introducing extreme pressure to push the obstruction past the affected area. This often resulted in situations where the plug was forced into a less-accessible run of pipeline, requiring costly sea-floor repairs using submersible vehicles. With the CTT / Hammelmann ROTORJET Pipeline Cleanout System, the plug is actually pulled out using a high-pressure nozzle system with a "back thrust" propulsion system to "pull" a composite tubing string back through the pipeline. Increasing or decreasing the fluid volume and pressure determines the pull-through speed and cleaning rate of the pipe.

"To date, the system has been tested with positive results in the North Sea and is now being manufactured for Gulf of Mexico and other warm-water applications. With thousands of miles of transmission pipelines for oil and gas in the Gulf of Mexico alone, we believe the ROTORJET Pipeline Cleanout System will be a lucrative, high-demand product line," commented Jerry Swinford, President of CTT.

About Coil Tubing Technology, Inc. (CTT)

Coil Tubing Technology, Inc. (CTT) has specialized in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing application: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling. CTT was founded in 1998 by Jerry Swinford, an oilfield tool designer with more than 15 patents granted or pending and more than 25 years experience in the creation of oilfield tools.

For more information, please visit: www.coiltubingtechnology.com.

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current estimates and projections about Coil Tubing Technology, Inc.'s business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

Contact Information

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