Diversified Industries Ltd.: Halliburton and BP Amoco Pleased with DVS 6000 Performance.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--June 27, 2003 Further to the press release of June 5, 2003, Diversified Industries Ltd. ("Diversified" or "the Company") is pleased to announce that it has just received a testimonial letter from S.E.A.L. International's Halliburton Job Supervisor at the Sajaa Plant, for BP Amoco Sharjah, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. ("UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. "), on the success of using DVS DVS Det Vill Säga (Swedish) DVS Descriptive Video Service DVS Dynamic Voltage Scaling DVS Driver and Vehicle Services (Minnesota) DVS Digital Video System DVS Digital Video Services 6000 in their under balanced-drilling operation and its effectiveness in removing hydrogen sulphide hydrogen sulphide Noun a colourless poisonous gas with an odour of rotten eggs ("H2S H2S Hydrogen Sulfide H2S How to Succeed in Business Without Really Trying (Also abbreviated H2$) H2S Heart to Soul (song) "). A quote from the letter reads as follows: "We have another 9 wells to this project and we look forward to using DVS 6000 as we continue to monitor these excellent results." To view the full text of the testimonial letter, please visit Diversified's website at www.dvsind.com. High Arctic/S.E.A.L. International (Dubai, UAE), Diversified's distributor in the Middle East, initiated the customer trial with Halliburton on the BP Amoco lease, and has forwarded a copy of the above letter to Diversified. This customer trial has been running in excess of two months, with highly positive results and very strong economic performance as well. High Arctic/S.E.A.L. International continues to pursue other opportunities for the use of the DVS 6000 H2S scavenger in the Middle East. (To view the website for High Arctic High Arctic Noun the regions of Canada, esp. the northern islands, within the Arctic Circle Well Control Inc., please visit www.higharcticwellcontrol.com.) All parties connected with the trial are extremely satisfied with the product performance thus far. Safety consultants from Canada working in Iran are monitoring the success of the DVS 6000 at the BP Amoco site in anticipation of using DVS 6000 at Iranian sites in the near future. High Arctic/S.E.A.L. International sees significant sales potential for the DVS 6000 product in the Middle East as a result of this customer trial. DVS 6000 is non-corrosive, non-flammable, has a freeze point below minus 45 degreesC, has a mild odour, is non-regulated under the Transportation of Dangerous Goods Act of Canada, and customers have found it lasts up to eight times longer than ammonia. DVS 6000 can be used in stationary scrubbers, truck scrubbers, storage tank vent gas scrubbing, vessel decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc. de·con·tam·i·na·tion n. , under-balanced drilling, bleed downs, high-output vacuum trucks, and drill-stem testing. Diversified is a product development and marketing company specializing in unique technologies and solutions targeting a cross section of industries. Diversified has developed its first technology, DVS 6000, for the removal of various contaminants such as H2S from oil, gas, air and water - DVS 6000 has proven itself in several applications thus far within the oil & gas industry. Diversified's management team will continue to evaluate new technologies in order to carry out the Company's strategic goal of diversifying its technology portfolio. Diversified is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "DVS". ON BEHALF OF THE BOARD OF DIRECTORS OF DIVERSIFIED INDUSTRIES LTD. Stephen L. Davis, President / CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release. |
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