GFCI Grifco International Inc (CE)

Grifco International, Inc. (OTC Pinksheets GFCI) announces it's receiving purchase orders for coil tubing tools in China. This first purchase order is for $475,000 and there are two additional purchase orders which will be completed in 1Q07 for $475,000 per order. The total package totals $1,425,000 in new purchase orders. Jim Dial, President, stated, �We continue to gain strength in getting new orders from producers located in the oil fields of China. Our products remain competitive in the world market. We are known for both quality and value. The new orders came through one of our international agents who continues to perform above our expectations.� About Grifco International, Inc. Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industries throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon Mobil Corp, and Schlumberger. For more information, please visit: www.grifco.org. Safe Harbor Act The statements contained in this release and statements that the companies may make orally in connection with this release that are not historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.