PARTICLE DRILLING TECHNOLOGIES
TO PRESENT AT THE IPAA 2008 OIL & GAS INVESTMENT SYMPOSIUM IN NEW YORK
Houston - March 31, 2008 – Particle Drilling Technologies, Inc. (NASDAQ: PDRT) today announced that its management will be presenting at the Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium to be held in New York City on April 7-9, 2008.
Jim B. Terry, Particle Drilling's President and Chief Executive Officer, is scheduled to present on Wednesday, April 9, 2008 at 3:20 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 www.particledrilling.com. A replay of the presentation will be archived on the website shortly after the presentation is concluded.
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.
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
Jack Lascar / Sheila Stuewe
DRG&E / 713-529-6600
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