0001144204-06-001559.txt : 20060117 0001144204-06-001559.hdr.sgml : 20060116 20060117062243 ACCESSION NUMBER: 0001144204-06-001559 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060112 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060117 DATE AS OF CHANGE: 20060117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLOTEK INDUSTRIES INC/CN/ CENTRAL INDEX KEY: 0000928054 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] IRS NUMBER: 900023731 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13270 FILM NUMBER: 06531235 BUSINESS ADDRESS: STREET 1: 7030 EMPIRE CENTRAL DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7138499911 MAIL ADDRESS: STREET 1: 7030 EMPIRE CENTRAL DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 8-K 1 v033310.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 12, 2006

FLOTEK INDUSTRIES, INC.

Delaware (State or Other Jurisdiction of Incorporation)

001-13270 (Commission File Number)

90-0023731 (IRS Employer Identification Number)

7030 Empire Central Drive, Houston, Texas (Address of Principal Executive Offices)

77040 (Zip Code)

Registrant’s Telephone Number, including Area Code: (713) 849-9911

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 Other Events.

On January 12, 2006, Flotek Industries, Inc. (the "Company") issued a news release announcing the signing of a definitive agreement to purchase the assets of privately held Can-Ok Oil Field Services, Inc. and Stabilizer Technology, Inc.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number		Description of Exhibit
99.1		News Release dated January 12, 2006

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.

		Date: January 16, 2006

		/s/ Lisa Bromiley Meier
		Lisa Bromiley Meier
		Chief Financial Officer

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*NEWS RELEASE*	*FLOTEK INDUSTRIES, INC.*
*FTK - AMEX* *Houston, Texas*	Friday, January 12, 2006 7:15 a.m. EST

FLOTEK INDUSTRIES, INC. ANNOUNCES DRILLING TOOL ACQUISITIONS

HOUSTON, January 12, 2006 - Flotek Industries, Inc. (FTK) announced the signing of a definitive agreement to purchase the assets of Can-Ok Oil Field Services, Inc. and Stabilizer Technology, Inc. for approximately $6.75 million in cash and $525,000 in stock. The deal is anticipated to close this month.

The acquisition of Can-Ok Oil Field Services, Inc. and Stabilizer Technology, Inc. will expand our drilling tool sale, rental and inspection services throughout Oklahoma, Louisiana, Arkansas and Texas.

Jerry D. Dumas, Sr., Flotek's Chairman and CEO, stated "These acquisitions continue our geographic expansion of Spidle-Turbeco. With the addition of these two companies we will improve the utilization of our drilling tool inventory and recently acquired manufacturing capability."

Flotek manufactures and markets of innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry. For additional information, please visit Flotek’s web site at http://www.flotekind.com.

Statements made in this press release, including those relating to the positive direction of the Company, and 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.

CONTACT:

Flotek Industries, Inc.

Rosalie Melia, Corporate Secretary

713.849.9911