Monday, October 21, 2002

COMPANY PRESS RELEASE

Ventek Opens New Facility In Venezuela

Ventek's recently constructed 3200 sq. ft. facility in Ciudad Ojeda, Venezuela, is equipped with a calibration system, networking capabilities, security, and living/guest quarters on the second floor.

The response from our clients has been overwhelmingly positive. Established in '98 as Spartek’s representative in South America, Ventek provides equipment, accessories, services, & technical support to this region.

Ventek stocks a wide range of Memory/SRO pressure/temperature recorders, Shut-In Tools, PL Tools, accessories, and batteries as well as custom batteries upon request. With a qualified staff of over 35 years combined experience in the petroleum industry our facility allows for most repairs to be performed  “ in-house" saving our clients high transport/Customs cost and downtime while they continue to receive the highest quality products & services.

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.