SOURCE: Energy & Technology, Corp.

September 08, 2010 10:58 ET

Energy & Technology, Corp., PKA Technical Industries & Energy, Corp., Begins Negotiations to Acquire Pipe Distributing Company

LAFAYETTE, LA--(Marketwire - September 8, 2010) - Energy & Technology, Corp. ("Energy & Technology" or the "Company") (OTCBB: ENGT), a provider of equipment and services for the oil and gas industry, announced today that the Company is entering negotiations to acquire a well known oilfield pipe sales and distributing company. Energy & Technology, Corp. is currently conducting an analysis of the acquisition in preparation of an offer. The Company will release more details as the transaction progresses.

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About Energy & Technology, Corp.
As the holding company for Technical Industries, Inc., Energy Pipe, LLC and Energy Threading, Energy & Technology, Corp. (OTCBB: ENGT) is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services. To learn more about ENGT visit: www.engt.com.

SAFE HARBOR STATEMENT
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2008 and other documents filed by ENGT with the SEC.

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