CDC Systems Inc. Announces $1,114,000.00 Annual Revenue Figures From 55 Wells
Business Editors
DALLAS--(BUSINESS WIRE)--Sept. 28, 2004--CDC Systems Inc. (Pink
Sheets:CUPY) will begin receiving $1,114,000.00 in annual revenues
from 55 compressors. These compressors have been designed to the CDC
specifications and placed in service in the field. CDC will begin to
receive the $1,114,000.00 annual revenues this November 2004.
CDC has targeted the over-looked compressor system industry with
an estimated market size of over 225,000 gas wells and increasing
every year.
CDC Systems Inc. develops new technology applicable to the
oil/natural gas industry on a worldwide basis. The company not only
combines its technology and expertise to convert marginal,
non-profitable wells into profitable producers, but by adding the
methods of application and customizing technology to the M1 & L1
series, they are able to be extremely competitive in the traditional
market. This innovative approach to business combining technology with
development should be an exciting and profitable venture.
Matters discussed in this press release are "forward-looking
statements." Statements describing objectives or goals or the
Company's future plans are also forward-looking statements and are
subject to certain risks and uncertainties, including the financial
performance of the Company and market valuations of its stock, which
could cause actual results to differ materially from those
anticipated.
--30--AA/ho*
CONTACT: StockComm, Houston
Corporate Communications Department
Patrick Arnett, 281-999-7721
KEYWORD: TEXAS
INDUSTRY KEYWORD: MINING/METALS ENERGY OIL/GAS
SOURCE: CDC Systems Inc.
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Sep-28-2004 20:01 GMT
Symbols:
US;CUPY
Source BW Business Wire
Categories:
MST/I/MNG MST/I/OIL MST/I/OIS MST/L/EN MST/R/US/TX TGT/BWN
