Tuesday, October 05, 2004 4:03:30 PM
Business Editors/Energy Editors
DALLAS--(BUSINESS WIRE)--Oct. 5, 2004--CDC Systems Inc. (PINK
SHEETS:CUPY) announced today that negotiations with Strawn Oil and CDC
Systems Inc. have been successful. Strawn Oil is planning to drill 8
new wells by the end of the first quarter of 2005 and has selected CDC
Systems to be the preferred compressor supplier. The first 8 wells
have an annual revenue potential of $264,000.00.
CDC Systems Inc. will have expected annual revenue of
$2,764,000.00 with the additional revenues described above.
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--AA/ho*
CONTACT: StockComm
Corporate Communications Department
Patrick Arnett, 281-999-7721
KEYWORD: TEXAS
INDUSTRY KEYWORD: OIL/GAS ENERGY MARKETING AGREEMENTS
SOURCE: CDC Systems Inc.
Copyright Business Wire 2004
Oct-05-2004 20:01 GMT
Symbols:
US;CUPY
Source BW Business Wire
Categories:
MST/I/OIL MST/I/OIS MST/L/EN MST/R/US/TX MST/S/PDT TGT/BWN
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