Grifco International, Inc. Ready to Sign-off on Order for 4 Ko-Vac Vacuum Units

  
    
  
  
    
      Grifco International, Inc. (OTC Pink Sheets: GFCI) announced today that 
      it is negotiating with a major drilling contractor for four (4) Ko-Vac 
      vacuum units. It’s anticipated that the 
      contract be executed next week.
    
    
      Ko-Vac is a Grifco subsidiary located in Lafayette, LA. Ko-Vac provides 
      vacuum service units and tanks for clean-ups and environmental 
      applications in the oil industry. The Ko-Vac units are first class 
      products with excellent service follow-up and support.
    
    
      Jim Dial, President, stated, “We are in 
      negotiations for a second round of contracts with a major off-shore 
      drilling contractor to fulfill all of its vacuum unit needs.”
    
    
      In order to meet growing demand, Ko-Vac is also negotiating a 
      joint-venture with a pump company based in the Gulf Port Service 
      Corridor. The new joint-venture has projected building 5 to 6 new vacuum 
      units in the 1Q07.
    
    
      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 industries 
      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. For 
      more information, please visit: www.grifco.org.
    
    
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