Monday, October 11, 2004 8:31:06 AM
CPYJ Custom Designed Compressor S (OTHER OTC)
Realtime Quote $1.36 + $0.02 (+1.68%) Refresh Quote
Press Release for Custom Designed Compressor S
Gas Production Up 40 - 90% Using CDC Compressors
10/11/2004 6:30:00 AM
DALLAS, Oct 11, 2004 (BUSINESS WIRE) -- The U.S. demand for natural gas is growing everyday and this growth has resulted in gas producers looking at the different directions to help increase production. CDC Systems (Pink Sheets:CPYJ) provides compressor systems that help meet these demands by making the marginal wells (low producing wells) more productive. Natural gas producers have been able to realize on average, production increases from 40 to 90%. In some cases a 200% increase or larger has been the result.
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.
SOURCE: CDC Systems, Inc.
StockComm
Corporate Communications Department
Patrick Arnett, 281-999-7721
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