SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

August 18, 2009 14:42 ET

Holzer Holzer & Fistel, LLC Announces It Has Filed a Class Action Lawsuit on Behalf of Investors in Flotek Industries, Inc.

ATLANTA, GA--(Marketwire - August 18, 2009) - Holzer Holzer & Fistel, LLC has filed a class action lawsuit in the United States District Court for the Southern District of Texas on behalf of purchasers of Flotek Industries, Inc. ("Flotek" or the "Company")(NYSE: FTK) who purchased shares between May 8, 2007 and January 23, 2008, inclusive (the "Class Period"). The lawsuit alleges Flotek misrepresented demand for its product during the Class Period. The complaint also alleges that Flotek did not have a reasonable basis to make certain positive statements regarding Company's business prospects.

If you purchased shares of Flotek common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 6, 2009. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Flotek investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.