Flotek Industries Regains Compliance with NYSE Listing Requirements

Flotek Industries, Inc.

Flotek Industries announced that the New York Stock Exchange (NYSE) has received approval from the Securities and Exchange Commission (SEC) for a pilot program that would lower the numeric thresholds for continued listing criterion to require a 30 day market capitalization of not less than $50 million and total stockholder's equity of not less than $50 million. The previous threshold was $75 million for market capitalization and stockholder's equity.

As a result of the aforementioned program, Flotek is deemed to be in compliance with the NYSE continued listing requirement.

The pilot program will be effective through October 31, 2009, with a subsequent rule filing anticipated by the NYSE prior to this date to make this a permanent continued listing standard change.