Tuesday, January 15, 2002

COMPANY PRESS RELEASE

Hollis E. Magruder Joins the Spartek Systems' Team

Spartek Systems, Inc. has named Hollis Magruder as Sales Manager. Hollis brings over 35 years of experience in the global petroleum industry. Prior to joining Spartek Systems, he performed both senior management and technical leadership roles at several of the leading service and instrumentation companies. His previous experience include leading the international sales effort for two of the leading downhole instrumentation providers, general manager and vice president of C.A.White Wireline Services, and was responsible for both the U.S. and Russian markets for Lynes, Inc.

Spartek Systems specializes in providing the oil and gas industry with high quality data to monitor well performance and diagnose potential problems. The company's center for research and development, and manufacturing is located in Sylvan Lake, Alberta, Canada. The products developed by the company include quartz pressure gauges, sapphire pressure gauges, production logging tools, well head pressure recorders, and surface acquisition loggers.

" Hollis brings a wealth of experience to the Company. His reputation with his customers is outstanding," said Bob Brown, co-founder of Spartek Systems. "Spartek Systems leads the industry in providing cost effective solutions for monitoring oil and gas wells. As the leader in the industry, we need the right people to work with our customers to understand their requirements, and communicate this to our R&D team. Hollis has a great working relationship with his customers and will insure that their needs are met."


SPARTEK specializes in providing the oil and gas industry with high quality data to monitor well performance and diagnose potential problems. The company’s center for research and development, and manufacturing is located in Sylvan Lake, Alberta, with sales and support centers in Canada, United States, Venezuela, China, Europe, Middle East, and Asia Pacific regions. The products developed by the company include quartz pressure gauges, sapphire pressure gauges, well head pressure recorders, production logging instrumentation, and surface acquisition loggers.