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To: Herb Duncan who wrote (12852)10/17/1998 10:07:00 AM
From: Kerm Yerman  Respond to of 15196
 
SERVICE SECTOR / Flotek Industries Announces Loan Extension

FLOTEK INDUSTRIES INC.
VSE SYMBOL: FTK
OTC Bulletin Board SYMBOL: FOTDF
OCTOBER 16, 1998

HOUSTON, TEXAS--Mr. Jerry Dumas, president and CEO, reports that
Flotek Industries has reached an agreement in principle with our
lender, Tosi L.P., to extend the convertible debenture note due
today for a period of 90 days. A final agreement is being prepared
for execution.