SOURCE: Grifco International, Inc.

April 11, 2005 07:30 ET

Grifco International Attends ICoTA Exhibition

HOUSTON, TX -- (MARKET WIRE) -- April 11, 2005 -- Grifco International, Inc. (OTC: GFCI), a provider of oil and gas service equipment to the worldwide oil and gas industry, will attend the 8th Annual SPE/ICoTA Coiled Tubing Conference & Exhibition. This Conference enables service companies in the Coil Tubing Sector of the oil industry to gain valuable knowledge about new products and techniques of the industry.

The Society of Petroleum Engineers (SPE) and the International Coiled Tubing Association (ICoTA) join forces to produce one of the preeminent technology programs and exhibitions dealing with advancements in coiled tubing technology. The ICoTA exhibition is a forum for oil industry colleagues to have the opportunity to exchange information, share experiences, and review technology through the use of technical presentation, poster sessions, and technical discussion sessions. The conference is headlined by technical sessions and informal poster presentations, and complemented with an extensive exhibition of coiled tubing related products and services.

Grifco International, Inc. is proud to participate in the International Coil Tubing Association (ICoTA) Annual Conference April 12-13 at the Waterway Marriott in The Woodlands, just north of Houston, Texas. Grifco International's booth 318 will exhibit a line of unique tools, including the highly anticipated exhibition debut of the "Jet Motor." Grifco International expects the jet motor will generate interest among the participants en route to securing a major position in the market place.

The International Coiled Tubing Association (ICoTA) is a not-for-profit, member-funded organization with the primary objective of improving communication and promotion of technical awareness within the coiled tubing industry. Membership comprises individuals from all sectors of the coiled tubing industry including service users, service providers, tubing and equipment manufacturers. Please visit http://www.icota.com for more information about the event.

Grifco International, Inc. is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the U.S., China, Mexico and South America. Grifco's patented products are known and used throughout the world. In addition to our patented tools, Grifco designs and manufactures over 350 products for the Oil and Gas industry with a clientele boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger. Please visit www.grifco.org.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Company cautions that assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those the Company expects include changes in natural gas and oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating proved reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business. More information about the risks and uncertainties relating to the Company's forward-looking statements are found in our SEC filings.

Contact Information