Particle Drilling Technologies, Inc.  



Particle Drilling Technologies, Inc. began trading on the NASDAQ SmallCap Market, a leading nationally recognized electronic stock market, under the ticker symbol "PDRT" in June 2005.


Particle Drilling Technologies, Inc. to Begin Trading on NASDAQ

HOUSTON, June 24 /PRNewswire-FirstCall/ -- Particle Drilling Technologies, Inc. (OTC Bulletin Board: PDRT - "PDTI") today announced that its application for listing of its common stock on the NASDAQ SmallCap Market, a leading nationally recognized electronic stock market, has been approved. In conjunction with this approval, the Company's common stock is expected to begin trading under the symbol "PDRT" effective on Tuesday, June 28, 2005.

"We are excited about the enhanced visibility associated with trading on the NASDAQ stock market," stated John Schiller, the Company's Chief Executive Officer. "We believe that this move will provide greater liquidity and improved pricing efficiencies for our stockholders, as well as provide greater access to the capital markets when the Company is ready to expand its business."

Particle Drilling Technologies, Inc., headquartered in Houston, Texas, is a development stage oilfield service and technology company owning certain patents and pending patents related to the Particle Impact Drilling technology. The Company's technology is designed to enhance the rate-of- penetration function in the drilling process, particularly in hard rock drilling environments.

Certain statements in this press release that are not historical but are forward-looking are subject to known and unknown risks and uncertainties, which may cause PDTI's actual results in future periods to be materially different from any future performance that may be suggested in this press release. Such risks and uncertainties may include, but are not limited to, PDTI's ability to raise equity capital, if necessary, and its ability to obtain equity financing on acceptable terms, if at all, a severe worldwide slowdown in the energy services sector and working capital constraints. Further, PDTI is a development stage company that operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond PDTI's control such as announcements by competitors and service providers.

Contacts: J. Chris Boswell, SVP & CFO, Particle Drilling Technologies, Inc., 713-223-3031 ext. 204. Ken Dennard, Managing Partner, Jack Lascar, Partner, DRG&E / 713-529-6600