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At Chart Bottom, Libya News Today: Grifco Receives $1.7 Million Purchase Order From Safwa Environmental Corp. of Libya
Just last week it was trading at twice what its at now. Had a real hard time trying to buy in. Ready to explode
Monday May 15, 9:30 am ET
Grifco to Supply Skid-Mounted KO-VAC Disposal Units for Mideast Oil Applications
HOUSTON, TX--(MARKET WIRE)--May 15, 2006 -- Grifco International, Inc. ("Grifco") (Other OTC:GFCI.PK - News) today confirmed receipt of a $1.7 million purchase order from Safwa Environmental Corp. ("Safwa") for Grifco's proprietary skid-mounted vacuum-based liquid waste disposal systems originally developed by KO-VAC Systems, Inc., which was acquired by Grifco in January 2005. Grifco's KO-VAC systems are unique, modular vacuum platforms for onshore and offshore environmental impact mitigation by collection of both liquid and solid slurry at well site mud pits, shale shakers, pollution pans and rig floors. ADVERTISEMENT
Safwa Environmental Corp. is a global industrial and municipal services provider that helps its clients implement systems to readily dispose of hazardous waste with no environmental damage. Safwa clients include almost every major oil company across the globe and the company has locations convenient to the majority of industrial centers throughout North Africa. The orders by Safwa are intended to address the increase in oil services companies returning to the Mideast region to take advantage of upward trends in production.
"With the efforts of Lyamec & Associates LLP, our work in the Libyan and Mideast markets is now coming to fruition," stated Jim Dial, President & CEO of Grifco. "We look forward to working with Safwa to continue to develop a market for environmental protection services for the oil industry in the Mideast and Africa."
In addition to the initial purchase agreement, Safwa has also awarded Grifco with the option to build multi-size KO-VAC units for sale in Africa and an agreement to jointly develop innovations and upgrades to the skid-mounted systems based upon field engineering.
About Grifco International, Inc.
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton , Exxon Mobil Corp., and Schlumberger.
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this one is going to be BIG i love there partners and the chart and the volume and the news lol and look at tthe volume go people (like me) are finally noticing this gem
-------------------- please dont trade stocks on my alerts, do your dd first.
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