EnDevCo Announces Third Quarter 2008 Financial Results

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Elderstreet C	LSE:EDVC	London	Ordinary Share	GB00B068X319	C ORD 5P

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

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Positive Earnings Per Share Recorded For First Time In EnDevCo's History HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC:EDVC) (BULLETIN BOARD: EDVC) , the Energy Development Company, is pleased to announce financial results for the three months ending September 30, 2008. -- Earnings Per Share were $0.05 compared to a loss of ($0.40) per share during the same quarter in 2007. -- Net Income from Operations was $425,634 for the third quarter 2008 versus a ($411,579) loss for the same period in 2007. -- Revenues were $1,019,178 for the three months ending September 30, 2008, representing a 155% increase when compared to $398,281 for the third quarter of 2007. "We are especially pleased to release the third quarter financial results which validate our commitment to building value for our shareholders. This is the first time in EnDevCo's history that this has been achieved, and we are confident that as we continue to grow, so will these earnings," stated Chris A. Dittmar, EnDevCo's Chief Executive Officer. "The dramatic increases in our revenue and net income are due largely to the increased production at Short Junction Field together with lower lease operating expenses resulting from the field facility upgrade program initiated last year and lower oil and gas prices which positively impacted our hedging costs," commented Joseph Lessard, Chief Financial Officer for the Company. "Our earnings outlook for the remainder of 2008 is favorable, as our plans to increase production in the Short Junction Field are moving forward," Mr. Lessard went on to say. About EnDevCo: EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently produces from 24 oil wells and 2 gas wells. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com/. This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended. DATASOURCE: EnDevCo, Inc. CONTACT: investor relations, Tom Cloutier, EnDevCo, Inc., +1-760-832-2412, ; or media relations, Amanda Thomas, Robust Media Group, LLC, +1-407-585-8850, , for EnDevCo, Inc. Web site: http://www.endevcoinc.com/

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