8-K

ITEM 5. Other Events

     In  a  press  release  dated  June  27,  2003,  Flotek  Industries,   Inc.,
(OTCBB:FLTK)  announced  its  intentions  to divest  its  Equipment  Specialties
Division located in Duncan Oklahoma.

ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c) Exhibits

            Exhibit 99.1 Press Release dated June 27, 2003




     Signatures


     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                             Flotek Industries, Inc.

     Dated June 27, 2003     By: /s/  Mark D. Kehnemund
                             ----------------------------------------
                             Chief Financial Officer

EX-99

                                                                   Exhibit 99.1

- --------------------------------------------------------------------------------
FLOTEK INDUSTRIES, INC.                               June 27, 2003 11:30 AM CST
7030 Empire Central Drive
Houston, Texas
77040

For more information contact: Rosalie Melia           TRADING SYMBOL: OTCBB:FLTK
Tel:  [713]-849-9911  rmelia@flotekind.com
Fax: [713]-466-8386
- --------------------------------------------------------------------------------



     Flotek  Industries,   Inc.  announces  the  divestiture  of  its  Equipment
Specialties Division


     Houston,  Texas, June 27, 2003 - Flotek  Industries,  Inc.,  (OTCBB:  FLTK)
announces its intention to divest its Equipment  Specialties Division located in
Duncan,  Oklahoma.  This is consistent with management's strategy to concentrate
on its  core  businesses.  The  Company  is  currently  in  negotiations  with a
potential purchaser.

     Equipment  Specialties  designs,  manufactures  and rebuilds  cement mixing
units,  hydraulic fracturing  blenders,  acid pump vehicles and state-of-the-art
control units. It also manufactures and rebuilds  nitrogen  equipment units used
for foam fracturing,  coiled tubing cleanup operations and industrial  cleaning.
The  Equipment  Specialties  Division has 33 employees and had revenue of $1.919
million in 2002.


     Flotek will complete all awarded contracts as of June 26, 2003. The Company
estimates  it will book a net loss in the range of $1.2  million to $1.7 million
in the second quarter for these discontinued operations.


     Flotek is a publicly  traded  company  involved  in the  manufacturing  and
marketing  of  innovative  downhole  equipment,  specialty  chemicals,  and  the
engineering, design and construction of facilities for cementing and stimulation
materials.  Flotek serves major and independent  companies in the  international
oilfield service industry.






     Statements  made in this press  release,  including  those  relating to the
positive direction of the Company,  increased revenue base, are  forward-looking
and are made pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. Such statements involve risks and  uncertainties,  which may
cause  results to differ  materially  from those set forth in these  statements.
Other  factors  identified  in the  Company's  filings with the  Securities  and
Exchange Commission could also affect the forward-looking  statements  contained
in this press release.