Energy & Technology Corp., PKA Technical Industries & Energy, Corp., Receives Approval for Foreign Trade Zone
LAFAYETTE, LA--(Marketwire -11/22/11)- Energy & Technology, Corp. ("Energy & Technology" or the "Company") (OTC.BB: ENGT.OB - News) is pleased to announce that on November 16, 2011 Technical Industries, Inc. agent KPMG received approval from U.S. Customs and the Houston Port Authority to transfer and grant Kinder Morgan's existing FTZ (Foreign Trade Zone) to Technical Industries, Inc. property located at 15438A Miller One Road Houston, Texas 77049.
The establishment of a Foreign Trade Zone is expected to substantially increase revenues and the Company's ability to compete in global markets.
We thank God for blessing our hard work.
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About Energy & Technology, Corp.
As the holding company of Technical Industries, Inc., Energy Pipe, LLC, and Energy Technology MFG & Threading LLC, Energy & Technology, Corp. (OTC.BB: ENGT.OB - News) is a technology and essential commodities provider including main source for rig, integrated systems, down hole tools, OCTG, linepipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, engineering, non-destructive testing, storage, maintenance and other products, and services. To learn more about ENGT visit: www.engt.com.
SAFE HARBOR STATEMENT
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2009 and other documents filed by ENGT with the SEC.
For additional information, contact Chris Johnson, ph. - 337-984-2000