-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H22iNbD1igzG2NiTAVBCrFfyFyxTqiGP0ijUYyBmbGhkEOJHJ/moIPgKGzYRBCoC Q5smhoAjZZhzH/HVxw5XYA== 0001144204-06-006719.txt : 20060216 0001144204-06-006719.hdr.sgml : 20060216 20060216143411 ACCESSION NUMBER: 0001144204-06-006719 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060216 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060216 DATE AS OF CHANGE: 20060216 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: 06624808 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 v036017.htm Unassociated Document
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): February 16, 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 February 16, 2006, Flotek Industries, Inc. issued a news release announcing the signing of a letter of intent to purchase the assets of Total Well Solutions, LLC. 
 
ITEM 9.01    Financial Statements and Exhibits.
 
        (d)        Exhibits:
 
Exhibit Number
 
Description of Exhibit 
99.1
News Release dated February 16, 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:  February 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
Thursday, February 16, 2006
6:00 a.m. EST
 
 

FLOTEK INDUSTRIES, INC. ANNOUNCES ARTIFICIAL LIFT ACQUISITION
 

HOUSTON, February 16, 2006 - Flotek Industries, Inc. (FTK) announced the signing of letter of intent to purchase the assets of Total Well Solutions, LLC (‘TWS”) for approximately $3.2 million in cash. The deal is anticipated to close during the first quarter pending final due diligence.

TWS markets and services electric submersible pumps and downhole gas/water separators primarily to coal bed methane gas producers. As part of the purchase agreement, Flotek will obtain an exclusive worldwide license on TWS’s proprietary, patented gas separator. The patented gas separator combined with the Flotek Petrovalve enables coal bed methane producers to realize substantially higher gas production rates and lower operating costs by capturing in-solution gas otherwise lost with water production and increasing pump performance and life.

"This acquisition will compliment our existing patented artificial lift product, the Petrovalve, and will provide our customers a full spectrum of proprietary mechanical coal bed methane production enhancement solutions. The addition of electric submersible pumps and gas separators furthers our goal of increasing the scale and profitability of our artificial lift segment, providing further diversity within Flotek’s business model”, per Jerry Dumas, Sr, Chairman and CEO.

Flotek will be presenting at the EnerCom Fourth Oilservice Conference in San Francisco at 11:45 a.m. February 16, 2006. All of the presentations (including audio) will be archived on the EnerCom website at http://www.enercominc.com/tosc06/webcast.html for 30 days. 


Flotek manufactures and markets 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
 
 
 
 
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