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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (11220)	6/13/1998 10:00:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Flotek Industries Financial Results for the Year Ended February 28, 1998 FLOTEK INDUSTRIES INC. VSE SYMBOL: FTK OTC Bulletin Board SYMBOL: FOTDF JUNE 12, 1998 HOUSTON, TEXAS--Flotek Industries Inc. (the "Company") reported lower revenues and less of a loss as compared to the prior year. The Company's lack of sufficient working capital for inventory requirements and marketing contributed to the revenue decrease. All amounts are stated in United States dollars. Year ended February 28 1998 1997 ---- ---- Revenues $ 3,181,668 $ 3,358,747 Net loss 2,432,804 2,940,848 Loss per share 0.08 0.16 Flotek is a publicly traded company in the international oilfield service industry, involved in the manufacturing and marketing of innovative downhole technologies in Canada, the USA, South America, and Asia.