InvestorsHub Logo
Followers 699
Posts 62025
Boards Moderated 9
Alias Born 08/10/2000

Re: None

Tuesday, 10/05/2004 4:14:51 PM

Tuesday, October 05, 2004 4:14:51 PM

Post# of 387
CDC Systems Inc. Announces Retirement of 54 Million Shares of Its Restricted

Common Stock

Business Editors/Energy Editors

DALLAS--(BUSINESS WIRE)--Oct. 5, 2004--CDC Systems Inc. (PINK
SHEETS:CUPY) is proud to announce that the Board of Directors has
decided to retire 54 million shares of the Company's restricted common
stock to increase shareholder value. With the reduced number of shares
outstanding each stockholder will be able to realize common stock
growth and enhance their current position as a stock owner of CDC
Systems Inc.
CDC Systems Inc. has developed innovative, highly-efficient
natural gas compressors to convert marginal, non-profitable wells into
profitable producers. The market of marginal wells numbers 225,000
nationwide and is growing 10,000 to 15,000 every year. CDC Systems
compressors are also well-suited for the market of newly drilled
wells, which is expected to number approximately 25,000 for 2004 --
the market most commonly focused on by leading compressor companies.
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.
For more information about CDC Systems Inc. go to
www.cdc-systems.com

--30--EB/ho*

CONTACT: StockComm
Corporate Communications Department
Patrick Arnett, 281-999-7721

KEYWORD: TEXAS
INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: CDC Systems Inc.

Copyright Business Wire 2004






Oct-05-2004 20:05 GMT
Symbols:
US;CUPY
Source BW Business Wire
Categories:
MST/I/OIL MST/I/OIS MST/L/EN MST/R/US/TX TGT/BWN


Art's Bored
#board-9480 - Sign up for email ALERTS.