Medically Minded, Inc. announces strong 1st QTR Performance

Medically Minded, Inc. announces strong 1st QTR Performance

OKLAHOMA CITY, OK -- APRIL 26, 2017 -- InvestorsHub NewsWire -- MEDICALLY MINDED, INC. (OTCPink: MMHC), now named Sixty Six Oilfield Services, Inc., announces 1st QTR Gross Sales of $1.4M with Net Revenue estimates at $308K for the period ended March 31. Compared to the same period in 2016, the Company has quarter over quarter improvements of 155% in gross sales and 276% in net revenue. The Company increased its net margins from 11% to 19%. James Frazier, President and Chief Financial Officer, said: We are pleased to announce that our first quarter estimates show strong growth. The Company anticipates the growth to continue in April as we are eyeing a record setting month for revenue.

Global market research and consulting firm MarketsandMarkets reported that the oilfield equipment rental market will be worth $53.7 Billion by 2019. In their market study entitled Oilfield Equipment Rental Market by Equipment - Global Trends and Forecasts to 2019, (http://www.marketsandmarkets.com/PressReleases/oilfield-equipment-rental.asp) MarketsandMarkets concluded: The North American region holds the largest market for oilfield equipment rental, driven largely by the number of drilling and E&P [Energy & Petroleum] activities in the U.S. North America, due to its growing energy needs and flourishing conventional and unconventional drilling and oilfield service industry is the major growth engine for this market. The Company is positioning itself to take optimal advantage of the improved market conditions. Mr. Frazier said, We are on track with our business development plan in an improving oil and gas market. We anticipate the drilling sector to be a leading indicator of overall market improvement from which we expect to benefit.

Information about the Company that satisfies Rule 15c2-11 is available at www.microcapreporting.com.

 

About Sixty Six Oilfield Services, Inc.

Sixty Six Oilfield Services is now a third-generation heavy oil field equipment company founded by J.C. Houck in Oklahoma in 1959. The Company is focused on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through its facilities in Oklahoma City, Germany and Dubai. The Companys services include the sale of new equipment, sale of refurbished and certified used equipment, as well as rental of oilfield equipment.

SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.

 

For more information, contact:
Jim Frazier, President
[e-mail]
[e-mail]
405.735.6666
855. DRL.PIPE (375-7473)

www.66oilfield.com

 

Only information that is publicly available will be provided.