About Particle Drilling Technologies, Inc.
Particle Drilling Technologies, Inc. (Nasdaq: PDRT) is a development-stage
oilfield service and technology company commercializing its patented and
patent-pending Particle Impact Drilling system. The company's technology is
designed to enhance the rate-of-penetration function in the drilling process,
particularly in hard-rock environments. It is headquartered in
About Parks Paton Hoepfl & Brown, LLC
Parks Paton Hoepfl & Brown is an independent investment banking firm providing financial advisory services, including merger and acquisition and capital raising assistance, exclusively to clients in the energy service industry. For more information, visit: http://www.pphb.com.
Safe Harbor Statement
Certain statements in this press release that are not historical but are forward-looking are subject to known and unknown risks and uncertainties, which may cause PDTI's actual results in future periods to be materially different from any future performance that may be suggested in this press release. Such risks and uncertainties may include, but are not limited to, the ability of PDTI to successfully pursue and complete a strategic transaction, PDTI's need to raise equity capital and its ability to obtain equity financing on acceptable terms, if at all, a severe worldwide slowdown in the energy services sector, working capital constraints and the ability of PDTI to successfully complete any strategic alternative. Further, PDTI is a development stage company that operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond PDTI's control such as announcements by competitors and service providers.
Contacts: J. Chris Boswell, SVP & CFO Particle Drilling Technologies, Inc. 713-223-3031 Jack Lascar / Sheila Stuewe DRG&E / 713-529-6600
SOURCE Particle Drilling Technologies, Inc.