Flotek Industries, Inc. Announces Updates Regarding Facilities In Marlow, Moore and Chickasha, Oklahoma
HOUSTON, May 21, 2013 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK - News) ("Flotek" or the "Company") today announced updates regarding their facilities in Marlow, Moore and Chickasha, Oklahoma. Flotek reports that none of their facilities were damaged during the tragic storms yesterday afternoon.
Specifically, Flotek's Chemical & Logistics CESI Chemical headquarters in Marlow, Oklahoma; Teledrift headquarters in Moore, Oklahoma; and Spidle Turbeco drilling products and tools facility in Chickasha, Oklahoma were not damaged during the storms yesterday and all employees are accounted for and safe.
"Flotek stands united with the families and friends affected by the terrible natural disaster that impacted the greater Oklahoma City area," said John Chisholm, Chairman, President and Chief Executive Officer of Flotek. "Our thoughts are with the people of Oklahoma."
Flotek executives and employees, along with the shareholders and employees of Florida Chemical Company, Inc. have pledged funds toward relief efforts related to these storms. Flotek will match those pledges to create a fund to provide relief to families impacted by these devastating storms. It is estimated that the initial combined contributions will be approximately $250,000.
"The people of Oklahoma and the Oklahoma City area are essential to the success of Flotek and other energy companies throughout the Mid-Continent and the entire United States," added Chisholm. "It is the least we can do to assist in meeting the immediate needs of the people of the region that have been displaced and impacted by this natural disaster. We have pledged to make a difference in the communities we serve and this is our small way of doing just that. We are pleased the shareholders and employees of Florida Chemical have joined us in this effort."
About Flotek Industries, Inc.
Flotek is a global developer and distributor of innovative specialty chemicals and down-hole drilling and production equipment. Flotek manages automated bulk material handling, loading and blending facilities. 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.
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 filing 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.