SOURCE: Flotek Industries, Inc.

May 22, 2007 11:14 ET

Flotek Chief Financial Officer Awarded Best CFO of the Year by the Houston Business Journal

HOUSTON, TX -- (MARKET WIRE) -- May 22, 2007 -- Flotek Industries, Inc. (AMEX: FTK), a leading provider of oilfield services, is pleased to announce that Lisa Bromiley Meier, Chief Financial Officer and Vice President for Flotek, was awarded Best CFO of the Year for an emerging public company by the Houston Business Journal. Six chief financial officers from Houston-area companies and nonprofits were honored as the Best CFOs of the Year on the final day of the Houston Business Journal's three-day "Celebrate! Enterprise" festival.

"It's an honor for Lisa to be recognized by the business community," said Jerry D. Dumas, Sr., Chairman, President and Chief Executive Officer of Flotek. "Mrs. Meier possesses the ingredients that produce a 'winner.' She has an overwhelming work ethic, always pushing beyond expectations and the numerous demands required of her. She displays exceptional intellect and professional knowledge, which is coupled with an extraordinary tenacity."

Lisa Bromiley Meier was appointed Chief Financial Officer of Flotek Industries, Inc. in April 2004 and Vice President in January 2005. Mrs. Meier has facilitated the turn-around of Flotek with the completion of ten acquisitions, a private equity placement, securing senior credit facilities and moving the Company onto the American Stock Exchange. Since April 2004, Flotek has surged from 85 cents per share to $45 per share, with the market capitalization of the Company climbing from $5 million to over $400 million in just three years.

Flotek manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry. For additional information, please visit Flotek's web site at www.flotekind.com.

Contact Information

  • CONTACT:
    Flotek Industries, Inc.
    Rosalie Melia
    Corporate Secretary
    713.849.9911