CDC Systems Inc. Receives Production Data for 28 Compressors with Estimated $700,000.00 Annual Potential.DALLAS -- CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Systems Inc. (Pink Sheets:CUPY) announced today that the Company has received the production details for 28 wells from a large nationally known NYSE NYSE See: New York Stock Exchange listed Company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → with assets of over 8 billion dollars. CDC Systems Inc. will be evaluating to help provide compressors tailored to the requirement of each well. This project could result in annual revenues to the Company of approximately $700,000.00. CDC Systems Inc. expects information on additional wells to be evaluated within the next 12 months. CDC Systems Inc. has developed innovative, highly efficient natural gas compressors <includeonly></includeonly>A gas compressor is a mechanical device that increases the pressure of a gas by reducing its volume. Compression of a gas naturally increases its temperature. to convert marginal, non-profitable wells into profitable producers. The market of marginal wells numbers 225,000 nationwide and is growing 10,000 to 15,000 every year. CDC Systems compressors are also well-suited for the market of newly drilled wells, which is expected to number approximately 25,000 for 2004 -- the market most commonly focused on by leading compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve companies. Matters discussed in this press release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. For more information about CDC Systems Inc. go to www.cdc-systems.com |
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