Petro Field Industries Inc.

Petro Field Industries Inc.

March 15, 2005 14:23 ET

Petro Field Announces Renewal of Investor Relations Contract


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PETRO FIELD INDUSTRIES INC.

TSX VENTURE SYMBOL: PF

MARCH 15, 2005 - 14:23 ET

Petro Field Announces Renewal of Investor Relations
Contract

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - Mr. Bill Rollins,
President and CEO of Petro Field Industries Inc. (TSX VENTURE:PF)
announces that the Corporation has renewed its contract with Phoenix
Communications Group of Kelowna, British Columbia to perform Investor
Relations functions on its behalf. Their function will be to communicate
with investment dealers, advisers and shareholders - both current and
prospective - to increase awareness and interest in Petro Field. Phoenix
Communications Group will be paid $2,500 per month plus reasonable out
of pocket expenses for the duration of the contract term of six months,
which will be paid out of the Corporation's cash flow. In addition
Phoenix Communications Group will be granted 87,500 options to purchase
shares of Petro Field for a period of six months at an exercise price of
$0.33 per share.

Based in Calgary, Alberta Petro Field is a manufacturer and reseller of
oilfield production equipment. Petro Field's product lines predominately
consist of separators, metering units, dual-wall vacuum monitored
production tanks, dehydrators, free water knockouts, treaters, line
heaters and gas compressors.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Petro Field Industries Inc.
    Mr. William Rollins
    (403) 244-3333
    (403) 245-1821 (FAX)
    The TSX Venture Exchange Inc. does not accept responsibility for the
    adequacy or accuracy of this release.