SOURCE: Patriot Mechanical Handling

October 11, 2005 08:27 ET

Patriot Mechanical Handling Announces Contract Exceeding USD $1.1 Million to Supply Two Offshore Pedestal Cranes for Mexico's PEMEX

HOUSTON, TX -- (MARKET WIRE) -- October 11, 2005 -- Patriot Mechanical Handling Inc. (OTC: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, announced today that it has been awarded a contract valued at over USD $1.1 million by PEMEX to supply two offshore pedestal cranes.

The order calls for Patriot to supply the two cranes, which are to be fitted on the PEMEX Offshore Platform(s) PB-KU-M and PB-KU-S.

Paul Findlay, CEO of Patriot, stated, "This is the first contract we have signed with a Mexican multi-national. We are confident that this order will create the foundation for future orders." He added, "Our strategy of international expansion is indeed proving effective, as we continue to receive positive feedback from our prospects and win large orders."

About Patriot Mechanical Handling

Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.

More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

Contact Information

  • Contact:

    Patriot Mechanical Handling, Inc.
    Tel: 281-445-4745
    Fax: 281-445-9839
    E-Mail: Email Contact

    MOS International plc
    Philip Wood
    Chairman
    Tel: 01274 531 862

    Capital Group Communications Inc
    Devin J. Bosch
    President
    (415) 843-0200 office
    (415) 843-0214 Fax
    Email Contact