SOURCE: Grifco International, Inc.

June 30, 2005 12:39 ET

Grifco Reps Traveling to China and Venezuela in July

HOUSTON, TX -- (MARKET WIRE) -- June 30, 2005 -- Grifco International (OTC: GFCI), a provider of oil and gas services equipment to the worldwide oil and gas industry, will be visiting China and Venezuela in July to display a variety of Grifco International products, including the Jet Motor, Silver Hawg, Scuda tool, and Perf Drill.

Grifco International executives will travel to China in the coming weeks as part of a conference arranged by Grifco's Chinese representative to evaluate opportunities for the Silver Hawg corrosion tool. China is one of the largest oil markets in the world, and an immense opportunity to market Grifco products. Grifco will discuss the success of the 100 Silver Hawg units presently at work in China, and the prospects for developing ancillary markets with the tool. Areas such as farming, laundry, heat exchange, and cooling towers would benefit greatly from the use of the Silver Hawg and Grifco's related water product, the Scuda Tool.

Additionally, Grifco International is scheduled to introduce the Jet Motor to the China conference. A China rep visited Grifco in the US, expressed great interest in the Jet Motor, and worked with Grifco to organize participants for the Jet Motor presentation.

A Grifco International representative will visit Venezuela in mid July to present Grifco's Perf Drill tool, which is utilized to make new perforations in a well bore without causing any damage to the formation or the near well bore. Previous interest shown by Petroleos de Venezuela SA (PDVSA), the National Oil Company of Venezuela, to Grifco International COO Jerry Griffith sparked the meeting, which contemplates a contract for a 20 well program estimated at $1 million dollars.

Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wireline, and snubbing industry throughout the US, 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 the 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.

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