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SPRING, TX--(MARKET WIRE)-- Coil Tubing Technology, Inc. (CTBG) announces the delivery of the first group of 8 Rotating Tools to oil and gas well service companies operating in Mexico and Oklahoma. Designed for use in "fishing" applications utilizing 2" coiled tubing strings, these tools were delivered and "in the field" the week of May 1, 2006.

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In addition, CTBG has received orders for ten (10) more of these 2 7/8" Rotating Tool units, plus five (5) 2 1/8" Rotating Tools, all of which are scheduled for delivery to customers before the end of the month of May.

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Read the whole story at Yahoo Finance: http://biz.yahoo.com/iw/060525/0129447.html

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Ila Dodson, Acct. Rep. gr89677

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