$SSOF company received a purchase order for just over $1M of Used Drill from an existing customer. The Company will source on a worldwide basis, purchase and refurbish the Drill Pipe for delivery to the customer in Oklahoma. The Company expects to complete delivery to the customer in the current quarter. The transaction will add roughly $223K in net revenues, when completed.
James Frazier, the Company's President, stated, "This sale purchase order continues to reflect our core business and the local demand for quality drill pipe in the current market. This order will add to an already good quarter and will make our 3rd quarter the best quarter in the last two years."