HOUSTON, Jan. 5 /PRNewswire-FirstCall/ -- Particle Drilling Technologies,
Inc. (Nasdaq: PDRT) (the "Company") today announced that J. Chris Boswell has
resigned from his position as Senior Vice President, Chief Financial Officer
and Treasurer of the Company, effective January 2, 2009. "We thank Chris for
his contributions over the past five years and we wish him the best in his
future endeavors," said Jim B. Terry, the Company's President and Chief
Executive Officer.
Jason Davis has assumed the role of interim Chief Financial Officer,
effective immediately. Mr. Davis joined the Company as Vice President and
Controller on July 5, 2006 and has served as the Company's Corporate
Controller since then. Mr. Davis is a licensed certified public accountant and
has served in various financial positions for several companies including
Texas Genco, LLC and Isolagen, Inc. from 2003 to 2006. Mr. Davis was an
accountant with Deloitte & Touche after obtaining his BBA in Accountancy and
Taxation from the University of Houston in 1997 until 2003.
About Particle Drilling Technologies, Inc.
Particle Drilling Technologies, Inc. (NASDAQ: PDRT) is a development-stage
oilfield service and technology company commercializing its patented and
patent-pending Particle Impact Drilling system. The company's technology is
designed to enhance the rate-of-penetration function in the drilling process,
particularly in hard-rock environments. It is headquartered in Houston, Texas.
For more information, visit: http://www.particledrilling.com.
Contacts: J. B. Terry, President & CEO
Particle Drilling Technologies, Inc.
713-223-3031
Jack Lascar / Sheila Stuewe
DRG&E / 713-529-6600
SOURCE Particle Drilling Technologies, Inc.