PARTICLE DRILLING TECHNOLOGIES ANNOUNCES NEW TIMING FOR ITS FISCAL FIRST QUARTER 2009 FINANCIAL RESULTS AND CONFERENCE CALL SCHEDULE
Houston - February 04, 2009 Particle Drilling Technologies, Inc. (NASDAQ: PDRT)
announced that it now plans to release its fiscal first quarter 2009 financial results on Monday,
February 9, 2009 after the market closes. In conjunction with this revised release date, Particle
Drilling Technologies has scheduled a conference call, which will be broadcast live over the
Internet on Wednesday, February 11, 2009 at 10:00 a.m. eastern time (9:00 a.m. central). The
Company plans to provide an operations update and a review of the quarterly results.
| What: | Particle Drilling Technologies, Inc, Fiscal First Quarter 2009 Conference Call |
| When: | February 11, 2009 - 10:00 a.m. eastern time |
| Where: | Live via phone by dialing 303-262-2005 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 February 19, 2009 and may
be accessed by calling 303-590-3000 and using passcode 11125883#. 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:
Jason Davis, VP & interim CFO
Particle Drilling Technologies, Inc.
713-223-3031
Jack Lascar / Sheila Stuewe
DRG&E / 713-529-6600
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