HOUSTON, Oct. 30 /PRNewswire-FirstCall/ -- Particle Drilling Technologies, Inc. (Nasdaq: PDRT) (the "Company") today announced that, in furtherance of the previously-announced evaluation of strategic alternatives available to the Company, the Special Committee of the Board of Directors has engaged the services of Parks Paton Hoepfl & Brown, LLP to serve as the Company's financial advisor. At this time, the Company has not determined to pursue any particular strategic alternative and does not intend to disclose developments with respect to this evaluation unless and until the Board of Directors has approved a course of action or otherwise deemed disclosure appropriate.

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 Houston, Texas. For more information, visit: http://www.particledrilling.com.

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.