Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

Article: Deep Down moves into new Houston digs

Monday, March 2, 2009
Houston Business Journal


Deep Down Inc. has moved into a new corporate headquarters after more than tripling its work force within the past two years.

The Houston oilfield services company’s new location is at 8827 W. Sam Houston Pkwy. North in Northwest Houston.

“In just two short years, Deep Down’s workforce has grown from less than 50 to more than 165 employees, we have successfully completed three acquisitions, the most recent being our Maine buoyancy facility, and we have more than quadrupled our annual revenues since then,” Ronald Smith, Deep Down’s president and chief executive officer, said in a statement. “The new corporate headquarters will allow us to more effectively manage our current operations as well as future acquisitions.

Deep Down’s (OTCBB: DPDW) corporate location houses its top level management and operations as well as support staff.

The company also operates service and fabrication facilities in Channelview, Morgan City, La., and Biddeford, Maine.

http://www.bizjournals.com/houston/stories/2009/02/23/daily57.html?ana=from_rss

http://www.yourstreet.com/news/5364728/deep-down-moves-into-new-houston-digs#/news/5364728/deep-down-moves-into-new-houston-digs