Sixty Six Oilfield Services Inc (SSOF)

[Screech691]

Jim Frazier and his staff will continue to pursue the purchase of heavy-weight drill pipe, drill collars, custom rigs, and other select drilling equipment which are available at distressed prices due to the down turn in the oil industry. This equipment is considered a commodity and a quality collateral investment which can be held and resold for much higher prices in active periods. Mr. Frazier said that currently, there are a number of rigs and rig equipment which were ordered during the more active drilling periods that have not been accepted for delivery, not used, or not fully paid. This excess inventory needs to be quickly sold to free up needed cash for 66's vendors and partners. This creates an opportunity to purchase new equipment on a limited basis well below market prices which 66 can resell at better prices throughout our world-wide network to the benefit of our shareholders. Becoming a publicly traded company will provide us better access to financial markets and capital to best execute our business plan. Mr. Frazier stated further, "We are in process of completing a financial audit and plan to file a Form 10 under the Securities Exchange Act as soon as possible."