SOURCE: EnDevCo, Inc.

April 16, 2008 10:08 ET

EnDevCo Announces 2007 Financial Results

HOUSTON, TX--(Marketwire - April 16, 2008) - EnDevCo, Inc. (OTCBB: EDVC), the Energy Development Company, announced today in its Form 10K filing with the U.S. Securities and Exchange Commission, that its 2007 revenues totaled $1,785,259 and gross profit totaled $218,609 which resulted in a net operating loss of $1,897,705. "While we are very disappointed in our 2007 results, our 2008 performance is already better and we are on track to have a much more successful year," said CEO Chris A. Dittmar.

In Oklahoma, where the Company is developing the Short Junction Field, EnDevCo completed its first horizontal well, the WSJU #109StH, which was put into production in late March and is currently being tested to determine its optimum production rate. "EnDevCo's 2008 1st quarter revenues (due to the WSJU #109StH) will represent more than a 60% increase over the 2007 4th quarter revenues and we anticipate substantial revenue growth once the well is stabilized and producing for a complete quarter," stated CFO Joseph Lessard.

"From this point forward, the Company will be able to focus on revenue generation, which will make a significant difference for our shareholders," Mr. Dittmar said.

This press release includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit

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