OKLAHOMA CITY, OKLAHOMA, SPETEMBER 5, 2017 SIXTY SIX OILFIELD SERVICES, INC. (OTCPink: SSOF) announces that it has received a purchase order for just over $1M of Used Drill from an existing customer. The Company will source on a worldwide basis, purchase and refurbish the Drill Pipe for delivery to the customer in Oklahoma. The Company expects to complete delivery to the customer in the current quarter. The transaction will add roughly $223K in net revenues, when completed.
James Frazier, the Companys President, stated: This sale purchase order continues to reflect our core business and the local demand for quality drill pipe in the current market. This order will add to an already good quarter and will make our 3rd quarter the best quarter in the last two years.
ABOUT SIXTY SIX OILFIELD SERVICES, INC.
Sixty Six Oilfield Services is a third-generation heavy oil field equipment company founded by J.C. Houck in Oklahoma in 1959. The Company is focused on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through its facilities in Oklahoma City, Germany and Dubai. The Companys services include the sale of new equipment, sale of refurbished and certified used equipment, as well as rental of oilfield equipment.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
For more information, contact:
Jim Frazier, President
855. DRL.PIPE (375-7473)
Only information that is publicly available will be provided.