Medically Minded, Inc. announces strong 1st QTR Performance
OKLAHOMA CITY, OK -- APRIL 26, 2017 -- InvestorsHub NewsWire --
MEDICALLY MINDED, INC. (OTCPink:
MMHC), now named Sixty Six Oilfield Services, Inc., announces
1st QTR Gross Sales of $1.4M with Net Revenue estimates at $308K
for the period ended March 31. Compared to the same period in 2016,
the Company has quarter over quarter improvements of 155% in gross
sales and 276% in net revenue. The Company increased its net
margins from 11% to 19%. James Frazier, President and Chief
Financial Officer, said: We are pleased to announce that our first
quarter estimates show strong growth. The Company anticipates the
growth to continue in April as we are eyeing a record setting month
for revenue.
Global market research and consulting firm MarketsandMarkets
reported that the oilfield equipment rental market will be worth
$53.7 Billion by 2019. In their market study entitled Oilfield
Equipment Rental Market by Equipment - Global Trends and Forecasts
to 2019, (http://www.marketsandmarkets.com/PressReleases/oilfield-equipment-rental.asp)
MarketsandMarkets concluded: The North American region holds the
largest market for oilfield equipment rental, driven largely by the
number of drilling and E&P [Energy & Petroleum] activities
in the U.S. North America, due to its growing energy needs and
flourishing conventional and unconventional drilling and oilfield
service industry is the major growth engine for this market. The
Company is positioning itself to take optimal advantage of the
improved market conditions. Mr. Frazier said, We are on track with
our business development plan in an improving oil and gas market.
We anticipate the drilling sector to be a leading indicator of
overall market improvement from which we expect to benefit.
Information about the Company that satisfies Rule 15c2-11 is
available at www.microcapreporting.com.
About Sixty Six Oilfield Services, Inc.
Sixty Six Oilfield Services is now a third-generation heavy oil
field equipment company founded by J.C. Houck in Oklahoma in 1959.
The Company is focused on supplying the oil industry with custom
drilling rigs, heavy-weight drill pipe, drill collars, pup joints,
pony collars, handling tools, tubing, casing, blow-out preventers,
engines, compressors and other select equipment to customers
world-wide through its facilities in Oklahoma City, Germany and
Dubai. The Companys services include the sale of new equipment,
sale of refurbished and certified used equipment, as well as rental
of oilfield equipment.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended (the Exchange Act), including all statements that are
not statements of among other things: (i) the Company's financing
plans; (ii) trends affecting the Company's financial condition or
results of operations; (iii) the Company's growth strategy and
operating strategy; and (iv) the declaration and payment of
dividends. The words "may", "would", "will", "expect", "estimate",
"anticipate", "believe", "intend" and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors including the risk disclosed in the Company's
reports filed with the SEC. The Company is not eligible to rely on
the safe harbor provided by Section 21E(c) of the Exchange Act
because it is not subject to filing periodic reports under Sections
13 or 15(d) of the Exchange Act.
For more information, contact:
Jim Frazier, President
Jim@66oilfield.com
info@66oilfield.com
405.735.6666
855. DRL.PIPE (375-7473)
www.66oilfield.com
Only information that is publicly available will be
provided.
