Cdn Oilfield Technologies & Solutions

Cdn Oilfield Technologies & Solutions

October 04, 2011 09:15 ET

COTS Receives 2 Additional Purchase Orders

CALGARY, ALBERTA--(Marketwire - Oct. 4, 2011) - Cdn Oilfield Technologies & Solutions Corp. (TSX VENTURE:OTS) (the "Company") is pleased to announce that its 100% wholly owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. ("COTS") has successfully completed all pipeline projects previously announced to date totalling 13.29 km.

In addition, COTS announces receipt of 2 additional purchase orders for the supply and installation of 3" Ansi 600 flexible pipe and connectors to install 5.665 km of Flexsteel™ Pipeline Products rated at 1500 psi for the wells identified as CHAPUL 21 - 625 meters, JARAGUAY 1 - 453 meters, GRANADITAS 4 - 3,859 meters and CUITLAHUAC 977 - 728 meters, owned and operated by Pemex, the state owned oil and gas producer under contract to an established Mexican service company who has been providing services in Mexico for over 30 years. The contracts are to be executed immediately.

Phil D'Angelo states, "With the proven successes of the Company's product offering, COTS is now focusing on larger projects for the sale and installation of new flexible pipe technology in Mexico. We are very excited about the opportunities before us and we are gaining traction every day. It is my belief that with our proven track record, increased efficiencies and performance, combined with reduced costs and superior service, additional opportunities will prevail. COTS is highly motivated to deliver on its business strategy."

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