GFCI Grifco International Inc (CE)

Grifco International, Inc. (Pink Sheets: GFCI), a provider of oil and gas service equipment to the worldwide oil and gas industry, has received a three-year contract from one of the two largest service companies in the world. The contract for coil tubing work started last month and will be effective until 2009. Grifco International, Inc. will supply three operators and a supervisor for 24-hour on-call services in the use of a PDM Motor and/or any Fishing operations. Grifco�s tools will be present on all locations on or off-shore. Any and all special tools required during this contract period will be supplied by Grifco. The importance of this contract is to demonstrate Grifco�s commitment to performance, delivery, and customer satisfaction in a manner that sets Grifco apart from its competitors. Superior work ethic and performance, the tools and the operators of Grifco equipment is an ongoing priority. The tool range size being supplied for the contract is for coil tubing 1.25�, 1.50� and 1.750� with the tools ranging in O.D. size from 1.689� to 2.125�. Some special tools with a 2.875� O.D. are being shipped for a special job with a new style of under-reamer designed by Grifco. All tools for the contract will be for H2S service and consist of standard tools, fishing tools and special tools as required. About Grifco International, Inc. Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon Mobil Corp., and Schlumberger. For more information, please visit: www.grifco.org. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation. Grifco International, Inc. (Pink Sheets: GFCI), a provider of oil and gas service equipment to the worldwide oil and gas industry, has received a three-year contract from one of the two largest service companies in the world. The contract for coil tubing work started last month and will be effective until 2009. Grifco International, Inc. will supply three operators and a supervisor for 24-hour on-call services in the use of a PDM Motor and/or any Fishing operations. Grifco's tools will be present on all locations on or off-shore. Any and all special tools required during this contract period will be supplied by Grifco. The importance of this contract is to demonstrate Grifco's commitment to performance, delivery, and customer satisfaction in a manner that sets Grifco apart from its competitors. Superior work ethic and performance, the tools and the operators of Grifco equipment is an ongoing priority. The tool range size being supplied for the contract is for coil tubing 1.25", 1.50" and 1.750" with the tools ranging in O.D. size from 1.689" to 2.125". Some special tools with a 2.875" O.D. are being shipped for a special job with a new style of under-reamer designed by Grifco. All tools for the contract will be for H2S service and consist of standard tools, fishing tools and special tools as required. About Grifco International, Inc. Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon Mobil Corp., and Schlumberger. For more information, please visit: www.grifco.org. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.