GFCI Grifco International Inc (CE)

Grifco International (Pink Sheets: GFCI) announces that while power remains out at Houma, there has been no damage to either machinery or building structures at both the Scott and Houma, Louisiana, properties. Hurricane Katrina has passed and power is expected to be restored soon since the Houma facility is right on Highway 311. Houma produces wireline tools and is working off a backlog of a million dollars worth of orders. The Scott facility has a $400,000 backlog. Some of the Houma production is being moved to Scott for the interim period of power outage. Houma produces about $6-8 million and Scott $3-4 million of revenues annually for the company. Safe Harbor Act The statements contained in this release and statements that the companies may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business, and the actual outcome and results may differ materially.