PARTICLE DRILLING TECHNOLOGIES ANNOUNCES ITS
FISCAL FOURTH QUARTER AND YEAR-END 2008 FINANCIAL RESULTS AND CONFERENCE CALL SCHEDULE
Houston – December 8, 2008 Particle Drilling Technologies, Inc. (NASDAQ: PDRT)
announced today plans to release its fiscal fourth quarter and year-end 2008 financial
results on Monday, December 15, 2008 at approximately 7:00 a.m. eastern time
(6:00 a.m. central). In conjunction with the release, Particle Drilling
Technologies has scheduled a conference call, which will be broadcast live over
the Internet on Monday, December 15, 2008 at 11:00 a.m. eastern time (10:00 a.m.
central). The Company plans to provide an operations update and a review of the
quarterly results.
| What: | Particle Drilling Technologies, Inc. Fiscal Fourth Quarter 2008 Conference Call |
| When: | December 15, 2008 - 11:00 a.m. eastern time |
| Where: | Live via phone by dialing 303-205-0033 and asking for the Particle Drilling call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the Particle Drilling website, www.particledrilling.com, on the "Investor Relations" section of the site |
A telephonic replay of the conference call will be available through December 22, 2008 and may be accessed by calling 303-590-3000 and using passcode 11123339#. A web cast archive will also be available at www.particledrilling.com, on the "Investor Relations" section of the Company's website, shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email dmw@drg-e.com.
About Particle Drilling Technologies, Inc. Particle Drilling Technologies, Inc. (NASDAQ: PDRT) is a development-stage oilfield service and technology company commercializing its patented and patent-pending Particle Impact Drilling system. The company's technology is designed to enhance the rate-of-penetration function in the drilling process, particularly in hard-rock environments. It is headquartered in Houston, Texas. For more information, visit: www.particledrilling.com.
Safe Harbor Statement
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 need to raise equity capital and its ability to obtain equity financing on acceptable terms, if at all, a severe worldwide slowdown in the energy services sector, working capital constraints and the ability of PDTI to successfully complete any strategic alternative. 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
Jack Lascar / Sheila Stuewe
DRG&E / 713-529-6600
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