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Flotek Industries Announces Retirement of Jempy Neyman, Upcoming Presentation at IPAA West Oil & Gas Symposium and Investor and Analyst Day

HOUSTON, Sept. 19, 2012 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") today announced that Jesse "Jempy" Neyman, Executive Vice President – Finance, has announced he will retire from Flotek.

"Jempy has been an integral part of the Flotek leadership team and provided key advice and counsel during pivotal moments in Flotek's evolution," said John Chisholm, Chairman, President and Chief Executive Officer of Flotek. "During his tenure Jempy has been a trusted colleague, exceptional leader and has become a close friend. While Flotek will miss Jempy's expertise and counsel, we wish him all the best in his well-deserved retirement."

The details of Mr. Neyman's retirement agreement can be found in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission on September 18, 2012.

Presentation at IPAA Oil and Gas Symposium

The Company also announced that John Chisholm, Flotek's Chairman and President, will make a presentation at the Independent Petroleum Association of America Oil & Gas Investor Symposium on Monday, September 24, 2012.

The presentation, in San Francisco, will begin at 2:20 p.m.  PDT. The Company will post Mr. Chisholm's presentation slides to its website, www.flotekind.com coincident with the presentation as well as a link to a webcast of the presentation.

Investor and Analyst Field Trip

Flotek also announced that it will host an investor and analyst field trip on October 2-3, 2012 in Houston and Oklahoma City. Details are available by emailing Flotek's investor relations department at IR@flotekind.com. The field trip will consist of management presentations and tours of several Flotek divisions in Houston and the Oklahoma City area.

About Flotek Industries, Inc.

Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK."

For additional information, please visit Flotek's web site at www.flotekind.com.

Forward-Looking Statements:

Certain statements set forth in this Press Release constitute 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) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Press Release.

Although forward-looking statements in this Press Release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, demand for oil and natural gas drilling services in the areas and markets in which the Company operates, competition, obsolescence of products and services, the Company's ability to obtain financing to support its operations, environmental and other casualty risks, and the impact of government regulation. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filings on Form 10-K (including without limitation in the "Risk Factors" Section), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Press Release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this Press Release.

SOURCE Flotek Industries, Inc.



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