SOURCE: Patriot Mechanical Handling

October 27, 2005 06:00 ET

Patriot Mechanical Handling Receives New Crane Order Valued at USD $575,000 for Delivery to PEMEX

Second Order in 2 Months for Multinational Oil Producer Demonstrates Success of Company's International Expansion

HOUSTON, TX -- (MARKET WIRE) -- October 27, 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 new contract valued at USD $575,000 from Dragados Offshore USA, for delivery to PEMEX.

The order calls for Patriot to supply one crane, which is to be fitted on the PEMEX Offshore Platform PB-KU-A1.

Paul Findlay, President and CEO, commented, "This is the second order in two months that we have secured for delivery to PEMEX. We shall deliver the equipment early in 2006." He added, "We commented previously that our first PEMEX order should lay the foundation for future orders; that statement has now come to fruition. We expect to continue securing orders from Mexico and throughout Latin America, Asia and also domestically as we continue our aggressive international expansion."

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 customers' 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