SOURCE: Flotek Industries, Inc.

July 12, 2005 12:41 ET

Flotek Industries to Begin Trading on the American Stock Exchange

HOUSTON, TX -- (MARKET WIRE) -- July 12, 2005 -- Flotek Industries, Inc. (OTC BB: FLTK) announced that the American Stock Exchange has formally approved Flotek's listing application. Shares of Flotek's common stock will begin trading on the Exchange under the symbol "FTK" on July 27, 2005. This approval is contingent upon Flotek being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if Flotek is not in compliance with such standards.

Chairman and CEO, Jerry D. Dumas, Sr., stated, "This has been a successful growth period for Flotek with the closing of a significant acquisition, the securing of an expanded credit facility, expanding opportunities for our businesses, and accelerating earnings. This progress has resulted in Flotek's move onto the American Stock Exchange which has been a goal of management in its quest to increase shareholder value, visibility, and liquidity."

Flotek's common stock currently trades on the OTC Bulletin Board under the symbol FLTK.OB. The Company's CUSIP number will remain the same and there is no need for Shareholders to exchange their certificates or those held in street name.

Flotek is a publicly traded company involved in the manufacturing and marketing of innovative specialty chemicals, downhole drilling and production equipment, and the 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