$SSOF OKLAHOMA CITY, OK / ACCESSWIRE / August 22, 2017 / SIXTY SIX OILFIELD SERVICES, INC. (OTC PINK: SSOF) announces that it has completed the sale of Drill Pipe and Heavy Weight Drill Pipe by delivery to a repeat customer fulfilling a purchase order placed on June 16, 2017. This transaction has generated $675K in gross sales and $108K in net revenue for the Company during the current quarter. The customer is headquartered in Canada and is expected to use the Drill Pipe in its operations in the Permian Basin.
James Frazier, the Company's President, stated, "This transaction is representative of our core business. I want the market to know that we are moving more and more pipe as the drilling market begins to move forward. This sale demonstrates the confidence our customers have in our ability to deliver quality products."
ABOUT SIXTY SIX OILFIELD SERVICES, INC.
Sixty Six Oilfield Services is a third-generation heavy oil field equipment company founded by J.C. Houck in Oklahoma in 1959. The Company is focused on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through its facilities in Oklahoma City, Germany and Dubai. The Company's services include the sale of new equipment, sale of refurbished and certified used equipment, as well as rental of oilfield equipment.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
For more information, contact:
Jim Frazier, President
Jim@66oilfield.com
info@66oilfield.com
405.735.6666
855. DRL.PIPE (375-7473)
www.sixtysixoilfield.com
Only information that is publicly available will be provided.
SOURCE: Sixty Six Oilfield Services Inc.
