ProOne Signs Distribution Agreement with National Oilwell Varco (NOV-Wilson)

PRLog (Press Release) - Oct. 15, 2012 - Odessa, Texas October 15, 2012 – ProOne™ Drilling Fluid is now distributed through all NOV-Wilson™ stores.  The initial area of focus for the companies is the Permian basin.  The focus and announcement coincides with the Permian Basin International Oil Show (PBIOS) in Odessa, Texas this week.

“We are very pleased to have NOV® distributing our drilling fluid and to be associated with a company known for high quality products and outstanding customer service. Access to our drilling lubricant is now easy and accessible,” says Elton Alderman, ProOne’s CEO.  “We are focused on success in the Permian, but it is available everywhere!”

ProOne’s drilling fluid is the most advanced and effective in the world with film strength over 50 times greater than regular lubricants yet, at the same time is earth-friendly and biodegradable..  Highly effective for reducing torque and drag and increasing ROP, the product is approved for use by major fluids companies as well as the only lubricating drill fluid compatible with brine, invert and water-based mud.  It solves problems and saves money for operators across the United States.  Learn more about both companies at the PBIOS this week.

About ProOne:
Based in Orange County, California, ProOne, Inc. (ProOne), the operating division of ProOne Holdings, Inc., is in the business of developing and marketing high-performance, cost-effective, lubricants and fuel products for commercial, industrial and retail customers. ProOne produces the most advanced and effective drilling lubricant in the world. Approved for use by major drilling fluid suppliers, ProOne provides the drilling fluid through distributors such as National Oilwell Varco (NOV/Wilson).  All products in the family, including the revolutionary drilling fluid, use its proprietary XPL+ technology.  The products are proprietary formulations based upon metallurgical and molecular science that reduce friction substantially better than other products on the market, with over 50 times the film strength of conventional lubricants. For additional information on ProOne visit http://www.pro-one.us.

Contact:
Press Contact:  Robert Neumann
Public Relations for
ProOne, Inc.   
832-482-0010x10
Email:  PR@designbynewton.com     

Corporate: Lawrence Kahn   
VP and General Manager
ProOne, Inc
714-327-0262
EMAIL: LKahn@pro-one.us

Statements contained in this news release, aside from those identifying historical facts, are 'forward looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.