SOURCE: Flotek Industries, Inc.

May 24, 2005 14:42 ET

Flotek Industries, Inc. to File Application to List on American Stock Exchange

HOUSTON, TX -- (MARKET WIRE) -- May 24, 2005 -- Flotek Industries, Inc. (OTC BB: FLTK) announced the Company will file its application to list on the American Stock Exchange. Approval of the listing of the common stock is subject to numerous quantitative and qualitative standards which the Company believes that it meets.

Chairman and CEO, Jerry D. Dumas, Sr., commented, "This is the culmination of our long-term goal to move onto an established national exchange. We believe trading on the American Stock Exchange will provide our shareholders greater liquidity and visibility."

Flotek is a publicly traded company involved in the manufacturing and marketing of innovative specialty chemicals, downhole drilling and production equipment, and management of automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.

Statements made in this press release, including those relating to the positive direction of the Company, and increased revenue base, are forward looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause results to differ materially from those set forth in these statements. Other factors identified in the Company's filings with the Securities and Exchange Commission could also affect the forward-looking statements contained in this press release.

For product information and additional information on the Company, please visit Flotek's web site at http://www.flotekind.com.

Contact Information

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