Grifco Inc (GFCI)

[Rolandx21]

Still trying to post this on RB as I feel it will shed some incite to newbies. Hope it posts.


In the short run CTBG is where we are going to see results because they will be filing their financials and be on their reportably own before GFCI. Let's review exacly what they have going for "Themselves".

I will not post the whole amount of info, just IMO the important monetary & product aspect and the link.

>>>>>"The Jet Motor was greeted with great enthusiasm at the ICoTA and OTC tradeshows. We're confident that the demand for the Jet Motor will greatly exceed our ability to produce it," said Jim Dial, President and CEO of Grifco International. "If demand meets supply, in short order we could far exceed our prediction of $2 million in Jet Motor rental fees per month."

Now before anyone starts bitching remember- these are a new product that needed to be tested, both in-house and field. Normally new products have glitches and possible minor design change requirements. It has been almost a year now -it has since the show- and these babies should be producing revenue. Hopefully a lot.

>>>>>>With the recent addition of Coil tubing Technology, Grifco will offer to Canadian wireline and coil tubing outfits a selection of tools under one roof that competitors simply cannot match. The response to the CTT Jet Motor at a recent Canadian tradeshow was tremendous, and sparked Grifco's interest in establishing a base in Canada. Canada has many shallow wells and the jet motor will be most effective in this area according to one of the service reps Grifco spoke to this week.

http://biz.yahoo.com/iw/050512/086547.html

>>>>July 27, 2005- I bet a lot of us forgot about this one.

Based on the success of the Rotorjet field tests, Grifco International began production in the first quarter of 2005. Today, CTT has taken delivery of its first shipment of 22 Rotorjet Nozzle Systems. With the delivery of the brand new Rotorjet nozzle systems, CTT will market a superior cleaning system to the production workover industry for hydraulically cleaning tubulars and perforated production zones, resulting in enhancing well production.

http://biz.yahoo.com/iw/050727/091769.html

January 19, 2006- another Goody worth re-reading

>>>Coil Tubing Technology to Supply Patented Subterranean Rotating Tool to British Petroleum (BP)
Thursday January 19, 4:00 pm ET


SPRING, TX--(MARKET WIRE)--Jan 19, 2006 -- Coil Tubing Technology, Inc. (Other OTC:CTBG.PK - News), a spinoff from Grifco International (Other OTC:GFCI.PK - News), has been approved by British Petroleum (BP) Rocky Mountain and Mid Continent divisions to supply the patented CTT Subterranean Rotating Device.

http://biz.yahoo.com/iw/060119/0106720.html

January 23, 2006

Coil Tubing Technology Developing Compact Drilling Energy Storing Device
Monday January 23, 4:16 pm ET


>>>>SPRING, TX--(MARKET WIRE)--Jan 23, 2006 -- Coil Tubing Technology, Inc. ("CTT") (Other OTC:CTBG.PK - News), recently spun off from Grifco International (Other OTC:GFCI.PK - News), has announced the development of several proprietary tools to maximize the efficiency of coil-tubing drilling processes. Production has begun on ten (10) "CTT Subterranean Rotating Tools" to be placed in service with Weatherford International and Baker Oil Tools. Additional tools for these and other customers are scheduled for production in the second quarter of 2006.

http://biz.yahoo.com/iw/060123/0107150.html

January 30, 2006 This is a biggy boys.

COMPANY NEWS AND PRESS RELEASES FROM ___""""OTHER SOURCES"""":

>>>>>>Coil Tubing Technology Completes World's First Coil Tubing Cleaning System

SPRING, TX, Jan 30, 2006 (MARKET WIRE via COMTEX) -- Coil Tubing Technology, Inc. (CTT) (OTC: CTBG), in alliance with Hammelmann Corporation, of Dayton, Ohio, internationally renowned as a leader in the field of high-pressure oilfield technologies and subsidiary of Hammelmann GmbH, Germany, has developed the first high-pressure Naturally Occurring Radioactive Material (NORM) decontamination unit for oil and gas wells.

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ciw%5C2006%5C01%5C30...

>>>>February 24, 2006---Almost the same PR but not really-

Coil Tubing Technology and Hammelmann Corp. Complete High-Pressure, High-Volume Nozzle System

SPRING, TX, Feb 24, 2006 (MARKET WIRE via COMTEX) -- Coil Tubing Technology, Inc. ("CTT") (OTC: CTBG), in partnership with Hammelmann Corp. of Dayton, Ohio, announced today the completion of the world's first five-and-one-half-inch outside diameter high-pressure/high-volume Nozzle System for downhole cleaning in geothermal energy production applications. The nozzle will provide the capability to routinely clean mineral deposits in induction pipes at geothermal power plants, primarily in California.



http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ciw%5C2006%5C02%5C24...

Well boys I'm old and getting a little tired here, but I thought a product/revenue review would be nice as soome are only projecting a $.02 EPS. Well that may reallly be the case, however I'm wagering it will be low =maybe one qtr-.

I personally believe that Mr. Swineford knows what he has and really wants to get it all going (reason for Spinoff). Not saying he has anything against Mr. Dial, he just felt CTBG has a lot to offer and it can be done a lot quicker standing alone.
FWIW fellows, but I like CTBG.

Newbies enjoy the reading.

Roland