Oklahoma City, OK -- August 22, 2017 -- InvestorsHub
NewsWire -- SIXTY SIX OILFIELD SERVICES, INC. (OTCPink:
SSOF) announces that it has completed the sale of Drill Pipe
and Heavy Weight Drill Pipe by delivery to a repeat customer
fulfilling a purchase order placed on June 16, 2017. This
transaction has generated $675K in gross sales and $108K in net
revenue for the Company during the current quarter. The customer is
headquartered in Canada and is expected to use the Drill Pipe in
its operations in the Permian Basin.
James Frazier, the Companys President, stated: This transaction
is representative of our core business. I want the market know that
we are moving more and more pipe as the drilling market begins to
move forward. This sale demonstrates the confidence our customer
have in our ability to deliver quality products.
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
Jim@66oilfield.com
info@66oilfield.com
405.735.6666
855. DRL.PIPE (375-7473)
www.sixtysixoilfield.com
Only information that is publicly available will be
provided.
