Coil Tubing Tech Inc (CTBG)

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Coil Tubing Technology Reports the Resignation of Herbert C. Pohlmann as a Director of the Company & the Effectiveness of Its...

Today : Monday 4 February 2013
Coil Tubing Technology, Inc. (OTC: CTBG.PK)(the “Company” or “CTT”), a leading manufacturer in providing new technology to the coiled tubing industry, specializing in the design of proprietary downhole tools used in conjunction with coiled tubing for the oil and gas services industry, today announced that Herbert C. Pohlmann has stepped down as a Director of the Company in order to reduce his work load and focus on his health, but will continue to serve as a member of the Company’s Advisory Board moving forward.
“We sincerely appreciate Bert’s contributions to the Company and his service as a Director over the past year,” stated Jerry Swinford, the Chairman of the Company. “Bert brought a wealth of experience and knowledge to the Board. While Bert has resigned as a member of the Board of Directors, he has agreed to continue to consult with and advise the Company as a member of the Company’s newly formed Advisory Board,” continued Mr. Swinford.
Additionally, effective at 11 A.M., Eastern Standard Time on January 28, 2013, the Company’s Registration Statement on Form S-1 (File Number: 333-184443) was declared effective by the Securities and Exchange Commission.