DXP Enterprises, Inc. Announces the Opening of a New Service Center in Port Fourchon, LA.HOUSTON -- DXP DXP Design Explorer DXP Directory Exchange Protocol DXP Digital Extended Processor DXP Dynamic Xml Page Enterprises, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DXPE) announced today the opening of a new service center in Golden Meadow, LA at 103 Gavin Lane. This modest startup facility opened in July and will be supported out of our New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded service center. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Greater Lafourche Port Commission, the three largest emerging markets in the area are deepwater oil and gas, rig refurbishment and shipping. The oil and gas activity in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east is creating an abundance of growth in Port Fourchon. It is projected that 60% of all the drilling activity off of the Louisiana, Mississippi and Alabama coast will be serviced out of Port Fourchon for the next 30 years, thus attracting the drilling rig repair and refurbishment market. Port Fourchon is an efficient and economical port for shipping because it combines convenience, experienced labor, transloading and competitive rates. This exceptional location allows easy access for all types of cargos. John Jeffery James John Jeffery, not to be confused with the Scottish flanker John Jeffrey, is a former Wales rugby union international. John Jeffery was educated at Pontllanfraith Grammar School, the same school attended by British Lion Alun Pask. , Senior Vice President of Sales and Marketing, states, "With over 50% of pending deepwater projects planning to use Port Fourchon as their service base, DXP has strategically placed the new service center in order to satisfy the needs of the oil and gas industry in the area. This investment shows DXP's commitment to offering the highest level of service and the ability to cater to all of their customers by providing local support." DXP Enterprises, Inc. is a leading products and service distributor focused on adding value and total cost savings solutions to MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in virtually every industry since 1908. DXP provides innovative pumping solutions, integrated supply and MROP MROP Marine Radio Operator Permit MROP Maintenance, Repair, Operating and Production Supplies MROP Mentally Retarded Offender Program (Texas) MROP Multiple Resort Ownership Plan (timeshare program) (maintenance, repair, operating and production) services that emphasize and utilize DXP's vast product knowledge and technical expertise in pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer driven, creating competitive advantages for our customers. DXP's innovative pumping solutions provide engineering, fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and technical design to meet the capital equipment needs of its global customer base. DXP provides solutions by utilizing manufacturer authorized equipment and certified personnel. Pump packages require MRO and OEM equipment such as pumps, motors and valves, and consumable products. DXP leverages its MROP inventories and technical knowledge to lower the total cost and maintain the quality of the pump package. SmartSource, a DXP integrated supply program, allows a more efficient way to manage the customer's supply chain needs for MROP products. The program allows the customer to transfer all or part of its supply chain needs to DXP, so the customer can focus on its core business. SmartSource effectively lowers costs by outsourcing purchasing, accounting, and on-site supply management to DXP, which reduces the duplication of effort by the customer and supplier. DXP's broad range of first-tier products provides an efficient measurable solution to reduce cost and streamline procurement and sourcing operations. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe-harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company's filings with the Securities and Exchange Commission. |
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