Particle Drilling Technologies to Present at
the IPAA 2006 Oil & Gas Investment Symposium in New
York
HOUSTON, April 6 /PRNewswire-FirstCall/ -- Particle
Drilling Technologies, Inc. (Nasdaq: PDRT) ("PDTI") today
announced that the Company will be presenting at the
Independent Petroleum Association of America (IPAA) Oil and
Gas Investment Symposium New York to be held at the Sheraton
New York Hotel & Towers on April 10-12, 2006.
Jim B. Terry, Particle Drilling's President and Chief
Executive Officer, is scheduled to present on Wednesday, April
12, 2006 at 2:00 pm Eastern Time. The presentation will be
broadcast live over the Internet and is expected to last
approximately twenty minutes. The webcast link will be
available on the Company's website at /.
A replay of the presentation will be archived on the website
shortly after the presentation is concluded.
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 made during the presentation announced
above 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
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